Binance adds Koinal for the purchase of cryptocurrency by credit card and bank transfer
by Alexander Romero 
Binance adds Koinal for the purchase of cryptocurrency by credit card and bank transfer.
The crypto exchange is always looking for new practical solutions to make the purchase of cryptocurrency easier for the public.
Binance already proposed the purchase of cryptocurrency by credit card with another Israeli provider Simplex and has just added this new payment solution by credit card but also bank transfer.
Koinal, a London-based payments processor, will allow users to purchase five major cryptocurrency currencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP and Bitcoin cash (BCH) using their Visa card or MasterCard.
With a fee of around 2.5%, this new payment solution to buy crypto by credit card with euros, dollars is therefore rather competitive.
Debit and credit cards (Visa and MasterCard) are accepted.
As announced on the Binance website, the nez feature is especially the payment by bank transfer in more than 175 countries.
Koinal was founded in 2018, is headquartered in London and is part of SG Veteris Limited.
Caroline Holst, Sales Manager at Koinal, said:
“We are excited to partner with Binance and to open new credit card payment channels to the digital resource economy, providing easier access to cryptocurrency space for millions of users on Binance.”
“The freedom to easily convert between fiat and cryptocurrency is essential to bring crypto to the forefront.
As the blockchain industry grows, there are more demands than ever to bridge the gap between the two worlds” said CZ (Changpeng Zhao), CEO of Binance.
“At Binance, we want to provide users with the easiest way to enter and thrive in the crypto space.
At the infrastructure level, we will continue to build fiat-to-crypto bridges to increase accessibility and adoption of crypto.”
Binance is therefore still very active in the crypto news with its American crypto exchange that has just opened its doors in the United States, Binance.US.
Offering new payment solutions on its site to facilitate the purchase of cryptocurrency can only make access to Bitcoin and cryptocurrency even easier for the general public.
