LUXY — BINANCE CONNECT Payment Solutions

4 min readDec 1, 2022

The LUXY Team is thrilled to announce the launch of another exciting Payment Solution integration. We are introducing BINANCE CONNECT!

What is Binance Connect?

Launched in March 2022, Binance Connect is the official on-ramp solution for Binance.

Binance Connect provides a B2B (Business-to-Business), more precisely, a B2B2C (Buisiness-to-Business-to-Consumer) service, and is building an extensive ecosystem to continue to deliver new payment methods, an improved UI/UX while striving to expand and foster continuous improvement with top tier partnerships.

What does Binance Connect mean for LUXY Users?

LUXY deploying Binance Connect as a payment solution is yet another step forward in innovating the LUXY NFT Marketplace and providing broader access and ease of use to platform users.

The integration will provide an accessible onboarding pathway for fiat users to acquire cryptocurrencies and fund their wallets on the LUXY Marketplace using either Credit Card or Apple Pay. In turn, providing LUXY users with additional purchasing options to obtain NFTs.

What Fiat Currencies will the LUXY — Binance Connect integration support?

Binance supports a wide range of FIAT and Cryptocurrencies. However, the range of FIAT options depends on which Cryptocurrency you are purchasing. At the time of integration, based on the Polygon Network, Binance Connect supports the following FIAT Currencies (with plans to add more in future):
- USD
- AUD
- BGN
- CAD
- EUR
- BGP
- HKD
- NZD
- PHP
- PLN
- TWD
- ZAR

What cryptocurrencies will the LUXY — Binance Connect integration support?

At the time of deployment, users can fund their wallets using their Credit/Debit Cards, or Apple Pay via a number of available FIAT Currencies (supported by Binance, as listed above) to purchase MATIC on the Polygon Network. Further options will be introduced in future.

BINANCE CONNECT FUNDING PROCESS OVERVIEW
How to Add Funds using Credit Card:

Step 1:
Login to the LUXY NFT Marketplace by connecting your wallet.
Once connected, click on the Add Funds Button.

Step 2:
Select the Credit Card option,
Select Binance Connect!

Step 3:
Specify the amount you would like to add in the relevant Fiat Currency from the drop down menu,
Specify the type of cryptocurrency you wish to purchase from the drop down menu,
Click Buy.

Step 4:
Once you have entered the relevant information, you will be redirected to the Binance platform to complete the purchasing process.
Click Go now, if you are not automatically redirected.

Step 5:
Once you have been redirected to the Binance Connect platform you will be prompted to either Login with your Binance account or Sign up for a new Binance Connect Account. Please choose the relevant option;
1. Log in, or
2. Sign up

Step 6:
Once you have either logged in with your Binance account or completed the sign up process, entered the relevant contact and funding details, your transaction will be processed. (For a detailed step-by-step guide, see YouTube video further below).

Step 7:
If your transaction is successful, you will see a window displaying order complete. At this stage, your account has been credited, and you can head back to the LUXY Marketplace.

Step 8:
Once you return to the LUXY Marketplace you can choose one of two options;
1. Close, or
2. Repeat the process.

Step 9:
To confirm your account has been funded, click on your username in the top right corner and your current balance will be displayed under your profile picture, as displayed in the image below:

Step 10:

Enjoy buying NFTs on the LUXY NFT Marketplace!!!

For a comprehensive visual guide, please see the YouTube Video below:

Note: The Binance verification process shown in the video is for users verifying with a hardware wallet. If you are not using a hardware wallet the verification process is completed via SMS.