Cash deposits in Binance | Bitcointalksearch.org

encycrypto

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Quote from: Patatas on February 02, 2019, 10:14:03 AM

Quote from: encycrypto on January 31, 2019, 09:37:54 AM

Binance Enables Debit and Credit Card Payments

https://support.binance.com/hc/en-us/articles/360022498052

Awesome update!

So basically, they went from kind of a bank to a full fledged bank lol I wouldn’t be surprised if in the coming years they have customer relationships manager for the top holders. This isn’t a very pleasing update.

Bank? Don't be so sure about that. Binance is just trying to make a bridge between fiat and crypto, that's all.

Patatas

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Quote from: encycrypto on January 31, 2019, 09:37:54 AM

Binance Enables Debit and Credit Card Payments

https://support.binance.com/hc/en-us/articles/360022498052

Awesome update!

So basically, they went from kind of a bank to a full fledged bank lol I wouldn’t be surprised if in the coming years they have customer relationships manager for the top holders. This isn’t a very pleasing update.

harizen

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For support ➡️ help.bc.game

That was truly nice.

However, users who owned credit cards provided by their local banks should understand all the terms first about engaging in crypto transactions to avoid further problems in the future. As far as my own knowledge is concern and based on some statements of my known individuals in our crypto social group, there are banks (here) that have a strict policy about crypto. There are even cases that a certain bank closed their accounts because of engaging transactions in our local crypto exchange. On a side note, not all banks here are like that so the solution they see is to used other banks and it works.

Also an important note from the article:

"Note: Simplex payment processing is subject to local bank policies. For more information, please refer to the Simplex FAQ here and a list of jurisdictions restricted from using this service here."

TryNinja

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Quote from: Slow death on February 01, 2019, 05:05:01 PM

Is this allowed for all countries? I keep asking myself about it because in the other exchanges they require the person to take a photo holding bank card and this is part of KYC. And the card must have the person's name. I will research more about this binance option and I hope they do not use the same cex.io system that is already a big headache and so I gave up using cex.io

According to Binance’s FAQ, that’s the kind of verification you need to do:

Quote

Upload your document to verify your identity

- It is a valid government issued ID
- It contains an expiry date
- It contains your date of birth
- It contains your name
- Document and the picture should be in color
- The picture should be in high quality: make sure the photo is not blurry and the lighting is bright enough
- All 4 corners of the document should be visible, for example- when you open your passport you will have 2 pages in front of you. Both pages should appear in the photo
It has to be in English
- The photo should be in JPG format. PDF will not be accepted
- The files must be smaller than 4 MB each

Source: https://support.binance.com/hc/en-us/articles/360022199312

Slow death

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Quote from: encycrypto on January 31, 2019, 09:37:54 AM

Binance Enables Debit and Credit Card Payments

https://support.binance.com/hc/en-us/articles/360022498052

Awesome update!

Is this allowed for all countries? I keep asking myself about it because in the other exchanges they require the person to take a photo holding bank card and this is part of KYC. And the card must have the person's name. I will research more about this binance option and I hope they do not use the same cex.io system that is already a big headache and so I gave up using cex.io

LbtalkL

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Activity: 1176

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I am late to find out about this quite recently yet Its an incredible news Binance at last step up their some feature, however some top exchanges are as of now doing this yet given with binance eputation I figure more traders will utilize it and increasingly helpful utilizing Visa and MasterCard. I hope they will enable withdraw on the following debit and credit card payments as well.

encycrypto

member

Activity: 294

Merit: 53

Binance Enables Debit and Credit Card Payments

https://support.binance.com/hc/en-us/articles/360022498052

Awesome update!

Topic: Cash deposits in Binance (Read 143 times)