binance debit credit card
Binance adds debit, credit card to buy cryptos
September 27, 2019
binance debit credit card
Binance adds debit, credit card to buy cryptos
September 27, 2019

Binance adds debit and credit cards as a payment option to buy cryptocurrencies directly via its payment processing firm Koinal.

On Sept 25th, Binance announced in a blog post that its users can now directly buy cryptos using their Visa and MasterCard debit and credit cards.

The payment processing app will let users buy five cryptocurrencies initially such as- Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP and Bitcoin Cash ABC (BCHABC).

Charges will be cut at 2.5% per transaction while taking an average time of five to 20 minutes to reach a Binance wallet.

On the other hand, the crypto exchange giant said that since the payment processing app, Koinal is “subject to local bank policies”, the facilities will not be available in a number of countries.

ALSO READ :  TON Labs Partners With China’s BSN To Build Applications On The Telegram-Built TON Protocol

According to a CoinTelegraph report:

Koinal does not support bank cards issued within Mainland China, Russia, the United States, Vietnam, Bolivia, Colombia, Ecuador, Algeria, Bangladesh, Indonesia, Jordan, Kyrgyzstan, Morocco, Nepal, Saudi Arabia, Iran, Pakistan, Taiwan and Cambodia.

 “Freedom to convert easily between fiat and cryptocurrency is key to bringing crypto further mainstream. As the blockchain industry matures, there is more demand to bridge the two worlds than ever before.”

Binance CEO Changpeng Zhao 

Credit and debit cards remain one of the most feasible methods of buying cryptos due to its ease. Zhao adds that the introduction of the new service is a move for the mass adoption of cryptocurrencies.

The exchange declared that three altcoins- Monero, Zcash, and Dash will be added from Sept 20th onwards.


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Bitcoin Car Will Be Racing In Indianapolis 500 In May

Bitcoin Car Will Be Racing In Indianapolis 500 In May

Bitcoin car, the car branded with the Bitcoin logo, will be racing in circles against 32 others in this month’s Indianapolis 500. It has been reported by Jack Mallers, the CEO of Zap, that US racing driver Ed...

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.