Binance Introduces Visa Crypto Debit Card so you can Shop and Pay anywhere in the World
Have you ever thought of shopping and paying with Crypto anywhere in the world? Yes from now you can do so as Binance the leading cryptocurrency exchange introduces its own Visa Crypto debit card.
Binance Card works similar to what the existing regular payment card does, just like that issued by your bank. In regular payment card, the amount got deducted from your bank account and in this case Binance.com account.
Simply you have to top-up your crypto card through the Binance Card App. You can top-up your card with Bitcoin or BNB (Binance Coin). The process is as simple as transferring crypto from one wallet to another.
As Binance Card is issued by Visa which has more than 46 million merchants offline and online in 200 regions and territories. So almost everywhere in the world, you can shop and pay with this crypto debit card.
At present, the Binance Card is available as a virtual card in beta version while the physical one will be made available shortly. Initially, Binance releases the card in Malaysia, will be followed by Vietnam and later on to the other countries.
The Binance card is available with a one time cost of 15 USD, which will be payable in the form of initial top-up from your crypto wallet to the Binance card balance. However, as per the official blog post, Binance will not charge any monthly or annual fees for the card.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.