New to Binance.com – You can now Buy Crypto with a Credit Card on Binance
The option to buy via Credit Card will be well received on the world’s most popular cryptocurrency exchange, and is powered by their new partnership with Simplex, a leading payment processing company.
Buy Crypto with a Credit Card on Binance – An expanded range of payment options
Previously just a crypto-to-crypto exchange, Binance is now expanding options for it’s customer base and encouraging crypto adoption by lowering the barrier to entry and facilitating fiat-to-crypto transactions directly.
The new feature is live now, and can be accessed by registered users at binance.com/en/creditcard/
With the launch of the new Buy with Credit Card feature, Binance CEO Changpeng Zhao had the following comments to share:
“We want to provide Binance traders with fast and easy access to crypto, in the most secure way possible,”
“Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On Binance.com, you can now buy crypto with credit cards and start trading in minutes.”
Binance is already the world’s most popular cryptocurrency trading platform, facilitating the largest daily volume of trades. The trading engine underneath the Binance.com platform is well equipped to handle the volume, and can process up to 1.4 million orders per second. In a marketplace where the Bitcoin price action can change very quickly and daily volumes regularly surpass the hundreds of billions in $USD, that’s fast!
Through the new partnership with Simplex, Binance users can now use either Visa or MasterCard to buy Bitcoin (BTC), Ethereum (ETH), or Litecoin (LTC). Additional Cryptocurrencies are being added to the Buy with Card feature over time.
Once users have bought into the crypto markets on Binance, they can then instantly trade between the over 150 different cryptocurrency coins and tokens already trading on the crypto-to-crypto markets on Binance.com.
Adding to comments by the Binance CEO, Nimrod Lehavi, the CEO of Simplex had the following to say:
“Easy and fast credit card payments, for mainstream users, is a key factor in wider adoption of crypto in general. We’re thrilled to partner up with Binance and together enable a much better, fast and easy experience…”
Buy Crypto with a Credit Card on Binance – Binance also expanding to new territories
Within the last year, Binance has also launched two fiat-to-crypto exchanges. Binance Uganda came first, and supported fiat-to-crypto transactions using Ugandan Shillings (the fiat currency of Uganda).
Shortly afterwards, Binance Jersey (Binance.je) was unveiled to the UK and European markets, adding direct support for fiat transfers and purchases using either Euros or British Pounds.
With the new Simplex partnership and its ‘Buy Crypto with a Credit Card’ feature, Binance continues to innovate and provide the best products and services in the marketplace.
“The crypto industry is still in its early stages and most of the world’s money is still in fiat. Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users,”(Changpeng Zhao, CEO of Binance).
Buy Crypto with a Credit Card on Binance – What would you like to read next?
If you’re interested in buying and selling Bitcoin and want to find a good crypto exchange, then we’d recommend that you read our guide: Where Can I Buy Bitcoin and How Much Is It Worth? – Best Places and Prices in 2021
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