You can now pay for crypto with a credit or debit card on Binance

31 Jan, 2019 | Updated: 31 Jan, 2019
by Will Heasman
Breaking News
You can now pay for crypto with a credit or debit card on Binance

Binance, one of the worlds largest crypto exchanges, has just announced that they have enabled the purchase of cryptocurrency via debit and credit card.

Through a new partnership with payment processing firm Simplex, Binance now allows customers to buy crypto on Visa and MasterCard debit or credit cards.

Card purchases can be made when buying Bitcoin (BTC) Litecoin (LTC), Ethereum (ETH) and XRP.

Binance details the ‘benefits of using a debit or credit card’ including:

·  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

The community rejoices... and questions.

Many crypto aficionados took to Twitter to congratulate Binance, with many signaling this as the end of Coinbase…

However, not everyone was thrilled after reading the small print:

Binance recently unveiled its fiat-to crypto jersey exchange allowing British and EU residents an on/off ramp directly into cryptocurrencies.

Read more: New Binance fiat-to-crypto exchange with EUR and GBP pairs: open for 58 countries;Binance's new fiat-to-crypto exchange is "overwhelmed with registrations"

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