Binance is one of the world’s largest and most popular cryptocurrency exchanges, offering traders a wide variety of digital assets to trade. As Traders Union experts reviewed, Binance has introduced a Binance Card, which allows users to spend their cryptocurrency holdings in a convenient and hassle-free manner.
Traders Unions developed the Binance Card guide, these simple steps will help you to get and start using the card:
Once you create a Binance account, apply for Binance Card through the Card section on the Binance website or app.
Complete KYC verification: This is a standard procedure that requires you to provide some personal information and identity verification documents.
Since you have completed the KYC verification, you can fund your Binance Card by transferring cryptocurrency from your Binance wallet to your Card wallet.
You can use your Binance Card like any other debit card to make purchases at any merchant that accepts Visa payments. The card works anywhere in the world where Visa is accepted.
Also you can manage your card through the Binance website or app. You can view your transaction history, freeze and unfreeze your card, set spending limits, and more.
Instead of holding traditional fiat currency, the product stores digital assets like:
BTC,
BNB,
SXP,
BUSD.
Topping up the card is a simple process — funds can be deposited into the linked trading account via any supported payment method offered by the exchange.
In addition, Traders Union experts noticed some features and benefits of Binance Card. The list highlights the key advantages of using it, such as:
Ease of use: The card can be linked directly to a user’s Binance account, which means that users can easily manage their digital assets and make payments using the card.
Low fees: Unlike traditional debit and credit cards that charge high fees for foreign transactions and currency conversions, Binance Card charges a flat rate of 0.9% for all transactions.
Global acceptance: This gives users the freedom to spend their digital assets wherever they go, without having to worry about finding a merchant that accepts cryptocurrencies.
Overall, the Traders Union report concludes that Binance Card is a highly attractive option for those who want to spend their cryptocurrencies in real-world scenarios. The product is easy to get and start using it with low fees, wide acceptance, and unique features such as cashback rewards. It is poised to be a game-changer in the world of crypto debit cards.
