Binance, the world's largest cryptocurrency broker, announced on Monday (18) the addition of five new cryptocurrencies that can be purchased using debit and credit cards on its platform.
The solution directly benefits Brazilians, as the Real (BRL) will be accepted for these purchases. In addition to the Real, the fiat currencies Euro, Naira, Zloty, Leu, Ruble, Lira and Rand have also been added to the program.
Also this week, the broker issued a warning about fake cryptocurrencies that are being promoted in association with its name. Due to the rise of Bitcoin and the arrival of new investors, this is one of the times when scams proliferate in the market.
Binance allows cryptocurrency purchases with credit cards in Brazil
Making cryptocurrency investments easier, Binance has added five new cryptocurrencies to its solution that allows purchases directly with debit and credit cards.
Users can now purchase ARB, ID, RDNT, TUSD, and USDC with the following fiat currencies using credit/debit cards and existing balances in their Binance accounts: BRL, EUR, NGN, PLN, RON, RUB, TRY, ZAR.”
Of the five cryptocurrencies, two of them are stablecoins (USDC and TUSD). Arbitrum (ARB) is trading slightly down 3.5% this Tuesday (19) and Space ID (ID) and Radiant Capital (RDNT) are down 2.1% and 3.4%, respectively, in the same period.
“Users can now purchase ARB, ID, RDNT, TUSD, and USDC with the following fiat currencies using credit/debit cards and existing balances in their Binance accounts: BRL, EUR, NGN, PLN, RON, RUB, TRY, ZAR.”
New cryptocurrency listing on Binance for direct purchases with debit and credit cards. Source: Binance/Reproduction.
Of the five cryptocurrencies, two of them are stablecoins (USDC and TUSD). Arbitrum (ARB) is trading slightly down 3.5% this Tuesday (19) and Space ID (ID) and Radiant Capital (RDNT) are down 2.1% and 3.4%, respectively, in the same periods.
For Brazilians, the broker notes that IOF (Tax on Financial Transactions) will be charged automatically. Therefore, investors should take this expense into account to evaluate the best way to make their contributions.
Another tool presented on the Binance website is recurring buying, allowing users to carry out the DCA (Dollar Cost Averaging) strategy. The minimum investment is R$100, and can be made daily, weekly or monthly.
