Binance Just Enabled Debit and Credit Card Payments - Coindoo
credit card payments on binance

Binance Just Enabled Debit and Credit Card Payments

Editorial Team Avatar
Jan 31, 2019
2 min reading time

Binance, one of the biggest crypto exchanges, just made it possible for its users to purchase cryptocurrencies with a debit or credit card.

The team from Binance has the pleasure to announce on their official blog the partnership with Simplex, a company that provides secure payments processes on a global scale.

“Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On, you can now buy crypto with credit cards and start trading in minutes.”

Of the same opinion is also Nimrod Lehavi, the Co-founder and CEO of Simplex: “Easy and fast credit card payments, for mainstream users, is a key factor in wider adoption of crypto in general. We’re thrilled to partner up with Binance and together enable a much better, fast and easy experience,”

They stated that one of their biggest goals is to increase the adoption of cryptocurrency, and make it more accessible for blockchain enthusiasts. Therefore, everyone is now able to use any Visa or MasterCard in order to purchase different digital coins, such as BTC, ETH, LTC or XRP.  “We want to provide Binance traders with fast and easy access to crypto, in the most secure way possible,” mentioned the CEO of Binance, Changpeng “CZ” Zhao.

The users can benefit from a fast service, of around 10-30 minutes per cryptocurrency, and low fees, which consist in around $10 in fiat or 3.5%, depending on which one is higher.

It looks like Binance is on a roll, considering that in the last 4 months they launched no less than two projects. We are talking about Binance Jersey, freshly launched, where users can trade Euro and British Pounds and Binance Uganda, which makes it possible to use Ugandan Shillings.

We are very curious to see the countless benefits that this partnership with Simplex will bring from now on.

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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