BinanceCard

‘HODLer’ or ‘Diamond hands’ is a slang term for those that hold onto their assets indefinitely. Whether you’re a HODLer or not, the Binance Card is not only a great way for you to spend your crypto in real life, but also to earn attractive cashback. 

Launched in 2020, the Binance Card has already established itself as a heavyweight in the crypto debit card market. It is available in EEA and LATAM, with plans to expand into many more countries. Let’s dive right in.

How to use Binance Card

The Binance Card enables you to convert your cryptocurrencies to fiat currency in real-time, allowing you to spend your crypto assets with merchants worldwide. 

The Binance card works very much like your normal debit card, you simply have to top up your card balance (aka Card funding wallet) via your spot wallet. The Binance Card currently supports 14 cryptocurrencies, including ADA, AVAX, BNB, BTC, BUSD, DOT, ETH, LAZIO, PORTO, SANTOS, SHIB, SXP, USDT, and XRP.

What’s great is that you will be able to arrange your currency priority based on your personal preference. 

Cashback

Binance Card offers cashback for every purchase that you make with the card. The cashback percentage depends on your card level, based on the amount of BNB holdings in your Binance wallets.

You will get a chance to earn EXTRA cashback from our Binance Card campaigns, do keep a lookout!

Available countries

These are the list of countries which Binance Card is available in: 

Argentina, Austria, Bahrain, Belgium, Brazil, Bulgaria, Colombia, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Peru, Poland, Portugal, Republic of Cyprus, Romania, Russia, Slovakia, Slovenia, Spain, Sweden

Our team is currently working to expand into many more countries. Do not fret if you are not residing in the above countries, you will receive a notification when the Binance Card becomes available in your country. 

All set to go? Apply for your Binance Card now and start earning cashback on your purchases! 

Get yours: https://www.binance.com/en/cards

Crypto exchange Binance has reintegrated its Mastercard payment feature.

The exchange previously suspended its card service due to regulatory troubles.

Binance is expected to introduce additional features in the upcoming months.

Last year, an intense regulatory storm hit Binance, the world’s largest exchange by trading volume, resulting in major market exits and the suspension of certain services. 

However, with its woes winding down and the exchange regaining its balance, it is reintegrating services, including the resumption of its card service.

Crypto made easy—buy and sell with ease.

Use Mastercard, Visa, or SEPA, for bank transfers, and experience smooth transactions!

Try it now https://t.co/shCZx59fi3 pic.twitter.com/05pzOC3sjh

— Binance (@binance) June 6, 2024

The reintegration will provide the exchange’s users access to asset purchases and transfers with various card types.

Binance Reintegrated Mastercard

On Thursday, June 6, Binance announced the resumption of its card payment option and its partnership with Mastercard. 

This development follows Mastercard’s exit from its partnership with the exchange in September 2023, which occurred alongside payment giant Visa’s departure amid regulatory challenges.

With the resumption of its card services, Binance users can now purchase assets and facilitate transfers using options such as Mastercard, Visa, or SEPA.

The Mastercard reintegration and card feature resumption does not encompass Binance’s branded card option. However, the exchange assured that updates regarding this will be communicated to users at a later date.

“We are constantly looking at launching new products and enhancing existing products and services that our users love. Regarding Binance-branded Visa cards, should there be any development on it, we will update at the soonest,” stated the exchange.

A similar card payment option was integrated on Binance earlier this year.

Alchemy Pay Card on Binance Marketplace

On January 5, 2024, Alchemy Pay unveiled its Crypto Card Mini app on Binance marketplace in collaboration with Binance Pay. 

The integration, aimed at enhancing payment experiences, allows the exchange’s user base to access fiat-crypto payment solutions available across 173 countries.

“This crypto card supports end-users to spend crypto like fiat currency anytime, anywhere, across multiple scenarios with their preferred brands,” the official statement read.

However, the exchange clarified at the time of launch that the service was not available to users in select countries, including the U.S., Canada, Singapore, Japan, the UK, UAE, and Australia. In many of these jurisdictions, Binance is grappling with regulatory challenges.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.