Buying and selling digital currency
As expected from an exchange, it is possible to buy and sell various currencies here. There are three general ways to buy digital currency
Peer-to-peer (P2P) exchange:
Thanks to this buyer service
And the sellers are directly connected and sell their digital currencies to each other. There have been several payment methods and because of this feature, fiat payments have been facilitated.
Bank card: Binance has recently partnered with Simplex
It has made it possible to pay through bank cards with fiat currencies so that you can easily buy 31 different digital currencies through normal banking portals. Of course, the high fee for using this service should be taken into account. When paying in US dollars, the fee will increase to 3.5%!
Electronic transfer / SEPA:
In partnership with the three companies, Binance exchange now allows users to directly buy cryptocurrencies on the platform, using fiat currencies. This method has attracted the attention of many users due to the zero fees of the Euro Integrated Payments Area (SEPA). The problem is that it is not possible to pay in US dollars, although Canadian and Australian dollars are supported.