Binance Card Launches in Europe - page 3.

shata

sr. member

Activity: 547

Merit: 253

Binance made remarkable development started from its inception. And only this year, the former exchange made significant purchases as it acquired coinmarketcap
AND now binance card. Of course, this will spur mainstream adoption.

Quote

Quote from: tippytoes link=topic=5262170.msg54806502#msg54806502

If that is the case that is awesome, that is exactly what we need in adoption, people will be able to spend everything on there and basically live a pure crypto life (except when they have to pay cash) I need to check more details about commissions and rates but if it is not too steep I think it would be perfect for me, I hope it comes to my country one day too.

That's exactly right! They will do the conversions internally. So you don't have to worry whether you don't have fiat on hand and only BNB or other crypto in your wallet. So even if the merchant is only accepting fiat, there's nothing to worry about. As long as you have their binance card, they will take charge of the conversion to fiat.

Moreover, specific details regarding fees, charges, process, updates and etc., have not yet announced by the exchange. So, we will wait for that maybe next week.

Zemomtum

full member

Activity: 1316

Merit: 104

CitizenFinance.io

Binance everywhere, hope we are not going into centralization in a decentralized revolution? Time will tell and I am expecting institution to come up and join this revolution and makes things more competitive.

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: asyakashi on July 16, 2020, 06:33:55 PM

The more comfortable and trusting using binance exchange. recently binance also opened IDR withdrawl services directly to local banks for a low fee.
this is a great innovation. congratulations binance

They keep on innovating and this is a good strategy to remain on top position. Binance never fails to surprise us and I’m also hoping that the Binance card will also available in my place.

There’s also a recent Binance update on my place where we can buy bitcoin using our fiat money on Binance exchange and connect it with our banks, this is indeed a big help to us! Keep on innovating Binance, we’re here to support and adopt the good things.

asyakashi

sr. member

Activity: 1918

Merit: 256

Just.bet - Decentralized On-chain Casino

The more comfortable and trusting using binance exchange. recently binance also opened IDR withdrawl services directly to local banks for a low fee.
this is a great innovation. congratulations binance

coolon

jr. member

Activity: 448

Merit: 4

Quote from: shata on July 14, 2020, 10:18:53 AM

Binance card launched in Europe, enabling binance users to convert and spend BTC, BNB, SXP, BUSD to fiat. Binance card worked like traditional debit card powered by Swipe Plarform. Balance on the card will remain to be in the form of BNB coin until the point of sale which users can convert it into either cryptocurrency or fiat.

Source: https://www.binance.com/en/blog/421499824684900740/Binance-Card-Launches-in-Europe

Yes, this is very good news for the cryptocurrency market. I will definitely use it. . Binance generally well done constantly promote cryptocurrencies to the masses and other exchanges repeat them I would not be surprised if there are cards from other exchanges.))

marks1976

sr. member

Activity: 893

Merit: 250

Quote from: wowz2010 on July 16, 2020, 07:10:22 AM

Quote from: timmmers on July 16, 2020, 06:38:02 AM

Personally, I am using CryptoCard from Crypto.com, why I would use a card that only allows you to switch between crypto and FIAT when I can use a card that gives me money back from every transaction, where I can earn money while I am staking my coins? This makes Crypto.com cards so valuable because they are not just like others.

Afaik binance requires less personal data to give a card than crypto com. So I am as binance user less worried about selling my data/hacks and etc.
Apart from that I think you're right, crypto com card is rather better than binance card

Every person has their own interest and for people like me, I don't care if the card is giving money back if it's safe and convenient then ill use it even I wil use this binance card for the sole reason of released by binance and nothing more which at the end of the day will be used for the same purpose that is for paying our bill etc.

wowz2010

newbie

Activity: 28

Merit: 0

Quote from: timmmers on July 16, 2020, 06:38:02 AM

Personally, I am using CryptoCard from Crypto.com, why I would use a card that only allows you to switch between crypto and FIAT when I can use a card that gives me money back from every transaction, where I can earn money while I am staking my coins? This makes Crypto.com cards so valuable because they are not just like others.

Afaik binance requires less personal data to give a card than crypto com. So I am as binance user less worried about selling my data/hacks and etc.
Apart from that I think you're right, crypto com card is rather better than binance card

minairia3

sr. member

Activity: 1498

Merit: 326

20BET - Premium Casino & Sportsbook

I think this is very helpful. A lot of users having trouble with their cash withdrawals fue to strict and restriction to cryptocurrency related but since Binance were able to tapped this new binance card. Everyone with the same business will follow suit and probably a good adoption on financial branches.

This will be easier for me instead using a third party app for withdrawals that needed in order to get my money. Binance really make it possible.

Shasha80

sr. member

Activity: 1876

Merit: 318

Therefore Binance exchange has always been my favorite for trading, because the Binance team always comes up with brilliant ideas.
Now the popularity of Binance will increase even more, with the Binance card making Binance unbeatable by other exchanges. CEO Binance
Changpeng Zhao also promised that if success in Europe would be extended to other regions. Hopefully the Binance card can work well,
and can spread throughout the world.

monineklutak

sr. member

Activity: 1890

Merit: 252

Quote from: shata on July 14, 2020, 10:18:53 AM

Binance card launched in Europe, enabling binance users to convert and spend BTC, BNB, SXP, BUSD to fiat. Binance card worked like traditional debit card powered by Swipe Plarform. Balance on the card will remain to be in the form of BNB coin until the point of sale which users can convert it into either cryptocurrency or fiat.

Source: https://www.binance.com/en/blog/421499824684900740/Binance-Card-Launches-in-Europe

now the development of Binance is indeed extraordinary, I really appreciate it,
even if it's only in Europe, I think Asia will be the next target of Binance for launch Card

timmmers

sr. member

Activity: 1176

Merit: 265

Personally, I am using CryptoCard from Crypto.com, why I would use a card that only allows you to switch between crypto and FIAT when I can use a card that gives me money back from every transaction, where I can earn money while I am staking my coins? This makes Crypto.com cards so valuable because they are not just like others.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: kaseygriffin on July 16, 2020, 05:15:23 AM

Quote from: shata on July 14, 2020, 10:18:53 AM

Binance card launched in Europe, enabling binance users to convert and spend BTC, BNB, SXP, BUSD to fiat. Binance card worked like traditional debit card powered by Swipe Plarform. Balance on the card will remain to be in the form of BNB coin until the point of sale which users can convert it into either cryptocurrency or fiat.

Source: https://www.binance.com/en/blog/421499824684900740/Binance-Card-Launches-in-Europe

Great, with news like this, I believe BNB will quickly become one of the top 5 altcoins in this market. Hopefully this idea will come true soon and I believe many people are waiting and supporting it

What a kind of updates, it's simply open the door to reach more potential people to start supporting and using crypto in
a real world usages, with this action binance coin per se will also gain good position being
used as the main channel before holders decides to convert their assets between any crypto
coin or in means of fiat.

Toxic_1988

member

Activity: 113

Merit: 10

Kinda cool to see more real-life activity could be used with crypto, in this case, BNB token. Have to give Binance all the credit on really try to make crypto become mainstream to use as payment. This is EU, center of the world too so no doubt will soon spread out world wide.

kaseygriffin

full member

Activity: 785

Merit: 105

Quote from: shata on July 14, 2020, 10:18:53 AM

Binance card launched in Europe, enabling binance users to convert and spend BTC, BNB, SXP, BUSD to fiat. Binance card worked like traditional debit card powered by Swipe Plarform. Balance on the card will remain to be in the form of BNB coin until the point of sale which users can convert it into either cryptocurrency or fiat.

Source: https://www.binance.com/en/blog/421499824684900740/Binance-Card-Launches-in-Europe

Great, with news like this, I believe BNB will quickly become one of the top 5 altcoins in this market. Hopefully this idea will come true soon and I believe many people are waiting and supporting it

concept2

sr. member

Activity: 750

Merit: 258

What an outstanding move from Binance. I cant believe that they have been so developed recently. Binance can be rewarded as one of the best start-ups in the pass few years. Hopefully this circumstance will draw more attention from the people so that they understand more and more about bitcoin and other cryptocurrencies

I bet they will soon spread this project to Asia. Most of crypto users are located in these eastern countries and they dont mind spending much money to buy things with crypto. However, the number of merchants accepting bitcoin as a payment method in those countries is still pretty low.

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

And this is the answer to question where I can pay with cryptocurrencies? Everywhere!
Already we have working Crypto.com and Coinbase cards, now Binance joins the party.

You can compare all of these cards here:
https://crypto.com/en/cards.html
https://www.coinbase.com/card

For me, the Crypto.com card is the best one, it offers a lot of cool stuffs - free Netflix, Spotify, cashbacks and much more.

qigong13

member

Activity: 161

Merit: 12

Quote from: tippytoes on July 16, 2020, 04:17:57 AM

That's exactly right! They will do the conversions internally. So you don't have to worry whether you don't have fiat on hand and only BNB or other crypto in your wallet. So even if the merchant is only accepting fiat, there's nothing to worry about. As long as you have their binance card, they will take charge of the conversion to fiat.

Really nice way to utilize Binance token BNB further. Now Binance has another healthy use for BNB to keep the token into a more stable position in their exchange. Guess it was never too late to invest in BNB.

torrantz

sr. member

Activity: 1063

Merit: 253

Sovryn - Brings DeFi to Bitcoin

Quote from: Erumo on July 16, 2020, 03:58:12 AM

Quote from: tbterryboy on July 15, 2020, 11:16:59 AM

So, do I get this right?

Binance Card enables the real time conversion of cryptocurrency to fiat currency on the Card Wallet. Only fiat currency will be used on the Card itself and Binance will handle all of these conversions.

So far it is not mentioned which cryptocurrencies will support this card. But, according to word/button “Transfer”, I could predict that you can fill your card with anything, that is traded on Binance.

What worries me more - there is no information about fee.

Then it will be really convenient if all the cryptos that are listed on binance can be used for this card. The fact that it's real-time doesnt burden us to convert it to fiat first like any other card out there although it's not something new.
Hopefully this will be a great success and expand even further, could be alternative for someone who used to deal with card frequently like me.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: tbterryboy on July 15, 2020, 11:16:59 AM

So, do I get this right? You have binance card, you take it, you go to a shop, they do not accept bitcoin or bnb or any crypto currency, they are not interested in crypto, they are just a coffee shop that sells coffee and they have nothing to do with crypto, BUT you can still use that card and buy a coffee there using your bnb? The shop gets fiat currency like they always do, no crypto for them, but you spent crypto to buy it?

If that is the case that is awesome, that is exactly what we need in adoption, people will be able to spend everything on there and basically live a pure crypto life (except when they have to pay cash) I need to check more details about commissions and rates but if it is not too steep I think it would be perfect for me, I hope it comes to my country one day too.

That's exactly right! They will do the conversions internally. So you don't have to worry whether you don't have fiat on hand and only BNB or other crypto in your wallet. So even if the merchant is only accepting fiat, there's nothing to worry about. As long as you have their binance card, they will take charge of the conversion to fiat.

Erumo

member

Activity: 564

Merit: 50

Quote from: tbterryboy on July 15, 2020, 11:16:59 AM

So, do I get this right?

Binance Card enables the real time conversion of cryptocurrency to fiat currency on the Card Wallet. Only fiat currency will be used on the Card itself and Binance will handle all of these conversions.

So far it is not mentioned which cryptocurrencies will support this card. But, according to word/button “Transfer”, I could predict that you can fill your card with anything, that is traded on Binance.

What worries me more - there is no information about fee.

Topic: Binance Card Launches in Europe - page 3. (Read 643 times)