Buy bitcoin on binance with credit card

If you already have cryptocurrency, and want to use Binance to trade between different coins, take a look at our other guide to see how you can get started. Binance is one of the most popular exchange platforms within the crypto market. Recently, the firm partnered with payment processor Simplex to provide cryptocurrency purchases with a credit or debit card.

What is Binance?

We may receive compensation when you use Binance. This post contains affiliate links. Binance is a cryptocurrency exchange. Zhao has made appearances on major TV stations like Bloomberg:. Binance was initially based in Hong Kong and then moved to Tokyo. Now, however, it appears the exchange is relocating to Malta.

Is buying Bitcoin with a credit card on Binance safe?

Binance is the most popular cryptocurrency exchange on the market, but it always had one key weakness — not supporting fiat currency trading. Now, Binance is making steps to make it possible for its customers to purchase crypto with fiat currency. Recently, the firm partnered with payment processor Simplex to provide cryptocurrency purchases with a credit or debit card. Create Account on Binance. Head over to Binance. Select the cryptocurrency you wish to purchase and enter your order amount.

Buy Bitcoin on Binance

The exchange announced Thursday that it has partnered with Israel-based payments processing firm Simplex to enable purchases with Visa and MasterCard credit cards. These can then be traded against up to other tokens offered by the exchange. In the U. Regarding feesSimplex charges 3. Some issuer banks may decline charges on their own terms, regardless if users reside in a supported jurisdiction.

The investors included mining firms Bitmain and Cumberland Mining, crowdfunding platform FundersClub which previously invested in Coinbaseamong. Update UTC, Jan. Credit cards image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

CoinDesk buy bitcoin on binance with credit card an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Read more about Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

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Is buying Bitcoin with a credit card on Binance safe?

Enter your billing information You will have to provide some of your personal details to Simplex in order to go through with the purchase. Enter the 4-digit code on buu phone. Total Market Cap. Also, the support for catd is not universal, and those that can use the service will be charged 3. Please read the short disclaimer to understand the purchasing process better. However, it has always had one weakness—not supporting fiat currency trading. After this step, click on continue. Simplex will now ask us to verify our phone number through a 4-digit code and e-mail address through a verification e-mail. Recently, the firm partnered with payment processor Simplex to provide cryptocurrency purchases with a credit or debit card. After completing an identity verification process, Binance will complete your cryptocurrency order. Ensure the details match the billing address. Once you fill out the necessary fields, agree to the terms and conditions and privacy policy, you can proceed.