by Alexander Romero
Buy Bitcoin with Credit Card on Binance is now possible.
On Thursday, January 31, 2019, the Binance digital asset exchange announced that it is now possible to buy cryptocurrency with a debit or credit card.
This is how the news on Twitter was announced:
Binance’s blog post says it was able to offer this through a new association with Simplex, which describes itself as “a technology company and financial company that offers payment processing without fraud worldwide.
“Simlex also helps several other encryption companies with debit / credit card processing, such as BitMART Exchange, Xaro, BTCC and Changelly.
According to Binance, this association offers users two benefits:
“Fast: an average of 10-30 minutes for the cryptocurrency to reach your wallet”.
“Low rates: only 3.5% per transaction or 10 USD, whichever is greater”.
Binance users starting today can use the Visa debit and credit cards or MasterCard to buy BTC, ETH, LTC and XRP (the basic currencies that Binance admits excluding the stablecoins).
To do so, you have to visit: https://www.binance.com
When you go there, this is the screen you will see:
You can choose the amount of the transaction in USD or EUR.
The “cryptographic amount cited is based on the current rate and is not definitive, “and if” the rate changes by more than +/- 2.5%, they will ask you to reconfirm the transaction via email from Simplex. ”
Changpeng “CZ” Zhao, the Binance CEO, said this about the new partnership:
Over the past few months, Binance has launched two crypto exchanges (in Jersey and
Uganda), and with this partnership, Binance is “expanding further into the markets
global “.
The CEO of Binance also said:
“WE WANT TO PROVIDE THE BINANCE TRADERS WITH A FAST AND EASY ACCESS TO CRYPTOGRAPHY, IN THE WAY THE MORE SAFE POSSIBLE.
ASSOCIATED WITH SIMPLEX ALLOWS US TO CLOSE INSTANTLY THE GAP BETWEEN PAYMENTS WITH CARD CREDIT AND THE CRYPTOGRAPHY FOR MERCHANTS OF ALL THE WORLD.
ON BINANCE.COM, YOU CAN BUY CRYPTO NOW WITH CREDIT CARDS AND BEGIN TO OPERATE IN MINUTES “.
And Nimrod Lehavi, co-founder and CEO of Simplex, stated:
“EASY AND FAST CREDIT CARD PAYMENTS FOR THE MAIN USERS ARE A KEY FACTOR IN ADOPTION BROADER CRYPTOGRAPHY IN GENERAL.
WE ARE ENCHANTED TO PARTNER WITH BINANCE AND, TOGETHER, ALLOW ONE EXPERIENCE MUCH BETTER, FAST AND EASY “.
Binance CEO added:
“THE CRYPTOGRAPHY INDUSTRY IS STILL IN EARLY STAGES AND MOST OF THE MONEY OF THE WORLD STILL IS IN CONDITIONS.
WHAT WE NEED NOW IS TO BUILD FIAT LINK DOORS TO GROW THE ECOSYSTEM, INCREASE ADOPTION AND BRING CRYPTOGRAPHY TO MORE USERS “.
If you want to open an account on Binance and buy Bitcoin with Credit Card: https://www.binance.com!
