My favorite centralized crypto exchange Binance took an important step this past week in partnering with an Israel-based company called Simplex to allow purchases of crypto with credit cards on their platform.
Bitcoin, Ethereum, Litecoin and Ripple can all be bought directly with credit cards on the platform.
“Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users,” Binance CEO Changpeng Zhao declared.
Benefits of using a debit or credit card on Binance:
Fast: Average 10-30 mins for cryptocurrency to reach your wallet
Low Fees: only 3.5% per transaction or 10 USD, whichever is higher
Convenient: Visa and MasterCard accepted
To learn more about their partnership with Simplex, read the press release HERE.
Note: Simplex payment processing is subject to local bank policies.
You can read more about it on their post: