Binance Launches Credit Card Support for Fast and Easy Access to Crypto

Binance Launches Credit Card Support for Fast and Easy Access to Crypto

New stories come up in the crypto world with every passing day. Most of these reveal that crypto is not dead. Instead, it is the future of the world finance. These stories also prove that continuous downfall in the values of cryptocurrency cannot stop the craze of the people for it. In order to fulfill the customers’ demands, many companies are introducing innovative applications and services.

Binance, the world’s largest crypto exchange, has offered a new service for traders and customers. It has collaborated with payment processor Simplex to enable customers to purchase cryptocurrencies with the help of credit cards. Simplex is an Israel based payment processing firm.

Binance, Cryptocurrency, Exchange, Credit Card

Changpeng Zhao, CEO of Binance crypto exchange, says that this move will facilitate the traders to buy digital assets in the most secure way. The traders can buy Bitcoin, Ethereum, Litecoin, and Ripple (XRP) through VISA and Master cards. Traders can now start trading in a few minutes because digital assets reach their wallets in a few minutes.

It is also a fact that winter in the crypto world is due to their limited reach. Purchase of cryptocurrency with credit cards will open new horizons of success for crypto world which is at its early stage. Here, it is also worth mentioning that some crypto exchanges are already offering this facility.

Binance and Simplex CEO’s on This Partnership

Nimrod Lehavi, the CEO and cofounder of Simplex also considers it crucial for wider adoption of cryptocurrencies. Lehavi further says that they are thrilled to partner with Binance to offer payments through credit cards. This is because payments through credit cards are easy and fast.

Binance, Credit Card, Cryptocurrency, Simplex

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

Click Here To Sign Up Now


Earlier this month, Binance CEO stressed the fiat to crypto trading for long term growth of cryptocurrencies. It is also important to note that daily trading volume of the exchange makes it the largest crypto exchange in the world. Despite the winters in crypto world the daily trading volume of the exchange remains around $600 million.

Full advantage of using automated forex trading robots

Here the facts that lead experts and skilled traders to pick among the lot the best forex trading robots

These are the reasons that make trading exciting and get the best out of trading with these highly ranked robots

  • Favorable performance

The robots indicated offer or meet the 80 percent threshold of ROI which makes them the world’s best when it comes to trading.

You would want a broker that hits out at the best in class when it comes to forex trading. Go for reliable robots that do perform in the market.

  • Sustainable profit margins

Want a regular steady flow of profit rather than getting asymmetrical account balance growth? Get automated robots that help define the term sustainability as they quickly adapt to market conditions to give optimal performance.

  • Fewer drawdowns

For an ideal trading robot, anything fewer than 20 percent is an excellent bot. The bot usually applies the right strategies and risk management features to ensure the drawdown is between 2 and 20 percent.

  • Bug-free lifespan

There are robots that might act differently after 6 months. You need to get bots that are far from vulnerable when it comes to bugs. A proficient trading bot offers strong protection and often updates itself.

  • Using more complicated strategies

It becomes difficult for traders to check and confirm all trading strategies. Robots can do the work for you and thus, create a more effective and friendly strategy that works for you and the current market conditions.

  • Easy to use and customizable

Using grid trading bot us straightforward as the bots are easy to customize and implement. These bots offer an easy configuration for traders. You get the best out of trading with the help of well executed orders by customizing some of these bots.

Binance has also stepped in the European market and launched Binance Jersey. This subsidiary is also offering four different trading pairs to buy cryptocurrency with fiat currency.

Talking about the card facility, the official Binance team says that cryptocurrency will reach customers’ wallet in 10-30 minutes. The exchange is providing this facility at minimal cost of 3.5%. Zhao confirms that the fees will further decrease after the addition of some new cryptocurrencies.

Coin telegraph, another world leading crypto exchange, partnered with Simplex to offer the facility of payments through cards. Coin telegraph is also offering support for Bitcoin, Ethereum, and Bitcoin cash.

Binance had launched its own over the counter trading (OCT) desk. The main purpose of the desk was to handle the larger transactions. This desk handles the transactions worth 20BTC or greater nowadays.

Many countries around the world do not allow Simplex to operate in their jurisdictions. Even some states in America have no access to this payment processing firm. Most of the Asian countries including Iran, Iraq, Democratic People’s Republic Korea, China, and Libya do not allow Simplex to operate in their jurisdictions.

Debit/Credit Cards Usage in Crypto

Use of debit/credit cards has always remained a controversial issue in the world of cryptocurrency. Many of the top crypto exchanges which once supported their usage have now banned cards. This is because experts associate card usage in cryptocurrency with its illegal usage.

Coin base, one of the renowned crypto exchanges, had banned use of cards in America a year ago. But nowadays, it is offering support for buying cryptocurrency with debit/credit cards.

Banks are also unable to decide their customers to allow or ban card usage for buying crypto assets. There are many banks which have banned the usage of credit/debit cards for buying cryptocurrency. Also, many banks are offering this support for the customers.

Leave a Reply

Your email address will not be published. Required fields are marked *

YouTube video

Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.