Now You Can Buy Crypto With Credit Card On Binance
A few hours ago, Binance enabled purchases of crypto with credit card, an option which was lacking from the - allegedly - biggest crypto exchange of the world. Credit card integration was done via a partnership with Simplex, and here are the fees:
- Simplex fee is 3.5% of the transaction with a 10USD minimum (flat fee).
- Daily limit is 20k USD per user.
- Monthly limit is 50k USD per user.
- Minimum transaction: 50 USD.
Binance users will be able to use Visa and MasterCard cards to purchase Bitcoin, Ethereum, Litecoin and Ripple.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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@dragosroua,
Definitely this might be one of the best news for me! Thank you for sharing!
Cheers~
Its a shame they dont list Serbia in KYC.
This facility will definitely help mass adoption and Binance being a big exchange can pav the way for more newcomer to crypto space.
Thank you and Have a great day.
oh that's a great news, I hope wall street will welcome this news in a great way ;)
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This is the thing that was missing from a long time finally
Thats great news for adoption of crypto. I try not to move crypto in and out of fiat because of gov't tracking. I'm sure Binance is sharing all this with governments at least the US govt
I hope they will add credit card withdrawals as well.
This is a great development by Binance to integrate credit cards to purchase crypto coins on their platform, this will surely encourage a lot of new users to buy into crypto coins now @dragosroua
So, basically I can buy some BTC or ETH and exchange them for STEEM and all of this on the same exchange Binance?
Exactly.
Thanks for the info!
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