Binance has announced that users can purchase crypto with their Visa cards directly on Binance.com.
To access the service, users should;
~ Visit the “Buy Crypto” page on the Binance website,
~ Select an amount of EUR or GBP,
~ Click next,
~ Then click “Add Card” to bind their Visa card.
Once a Visa card has been added, users will be able to directly purchase tokens such as BTC, BNB, ETH, and XRP.
For the time being only Visa credit and debit cards issued within the European Economic Area will be supported for now.
The countries that are supported are:
United Kingdom, Germany, France, Netherlands, Poland, Sweden, Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Portugal, Romania, Slovakia, Slovenia, Spain, Iceland, Liechtenstein and Norway.
For now only Visa cards are supported in the EU but Mastercard and additional currencies will be added in the near future.
Earlier this month Binance US enabled debit and credit card payments for cryptocurrencies through a partnership with Simplex.
You can find out more with their “How to buy bitcoin” article for more information and instructions.
The Singapore based exchange giant has had an extraordinarily successful year.
In Q3 2019, Binance brought in whopping $186 million in profits, up 56% from $119 million in Q2.
The profit in Q3 was the second-highest in Binance’s history
Uncle Bob is veteran of the crypto game. None of what is written should be taken as financial advice and before investing everyone should do their own due diligence.
Uncle Bob has a well followed crypto related twitter account and can be viewed here