Binance is not for nothing or anyone, nor the Coronavirus 🦠, nor the quarantine, nor the lovers of the Status Quo. In the midst of all darkness, the world’s largest crypto exchange gives us very good news: Binance unveils its debit card. Do you want to know how to obtain it?
We recently announced that the exchange made available to all browsers the opportunity to buy and sell cryptocurrencies from a widget and without the need to enter the Binance portal.
And now this important crypto exchange surprises us with this very good news.
Binance: problem and solution
In his latest innovation, Binance begins with a question that many of us have surely asked: “Have you ever tried to buy online or pay bills with crypto?”
And it is that if you are an hodlr with some time in the crypto ecosystem, and you faithfully believe in crypto on fiat money, you have encountered many headaches when it comes to paying with your cryptocurrencies.
Although it is difficult to admit, the adoption is not yet massive, although it is true that it is much more advanced than in other years. So, when buying a good or paying for a service, we are often forced to exchange our cryptos for fiat money. And we all know how slow and cumbersome this can be.
Although it is also true that there are third-party platforms that offer this type of service. They make the payment for you and take your cryptocurrencies. Whether with debit cards or online shopping services such as BitPay, or giftcard purchases in the endless options that exist today on the Internet.
But all of these methods are not only very fractional and time consuming, they can also be very expensive, and even insecure. In response to this, Binance presents its debit card.
“At Binance, we are always thinking of new products and solutions to offer our users. Always with the intention of promoting the crypto ecosystem one step further towards the goal of making life easier for all our clients. ”
The exchange presents their debit card
According to the company’s official blog, Binance’s debit card “It does everything a common card can do and more”.
The crypto exchange claims that this will work just like a debit card issued by the bank of your choice. In this case, it will be by Binance.com.
The only thing we will have to do to use it is to have funds available, in Binance Coin (BNB) or in Bitcoin (BTC), and we would be ready to use our hodls where we practically feel like it.
The exchange debit card will use these balances at the time of your purchase, instantly and automatically deducting the crypto from your account.
“You will no longer need to sell your crypto to pay for your goods or services. With the Binance Card, you can stay HODL and spend only what you need to make your purchase. ”
For this, the Binance debit card will be issued by Visa and accepted by more than 46 million physical and online merchants. In more than 200 regions and territories, making buying with cryptocurrencies much easier.
How and where to obtain the debit card?
First, the debit card will only be available in Malaysia 🇲🇾, and after all the tests it will go to Vietnam 🇻🇳. As permissions are obtained, and everything works properly, Binance’s crypto debit card will reach more and more countries.
In addition, the card will be available only in its online version through its Beta test.
All you need to do is download the Binance Card app, log in to your exchange account or register a new one, and complete a simple and secure identity verification.
You will then be able to request the card for a one-time cost of $ 15, which is paid in the form of an initial top-up from your crypto wallet to the balance of the Binance Card. Simply transfer $ 15 from BNB or BTC to your card balance, and the critpo exchange will process your order.
Depending on the exchange, no additional monthly or annual fee will be charged on these $ 15.
While we all wait, we can register with your email on the Binance Card portal. And this will notify you when gradually the exchange’s debit card is available in our regions.