Binance's Red Packet is essentially like a digital envelope that you can send to your friends. Just like in old tradition, a red envelope is given on New Year or special occasions, Binance has introduced something similar in the crypto world. The only difference is that this envelope contains crypto tokens instead of cash.

You can create a Red Packet by adding the amount of your choice and then share its link. Those who click on that link receive crypto from the packet randomly. This feature is not only fun for gifting but also a fun way to introduce your friends to crypto.

Another interesting thing is that you can also send the Red Packet in a group, and then everyone draws from the same pool. This means a bit of luck is involved – some may receive more, while others may receive less.

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