By promoting crypto-fiat integration, Binance now allows you to buy crypto directly by adding Visa cards.
The Binance cryptocurrency exchange now has an option to directly add Visa debit and credit cards to its platform, which will allow its users to buy four cryptocurrencies directly with Visa cards: Bitcoin (BTC), Ether (ETH), the native token of Binance (BNB) and Ripple (XRP).
The exchange already supported the purchase of crypto through debit and credit cards through third-party payment processors, such as Simplex. The option just announced is a direct integration.
Binance allows you to buy crypto with Visa cards
With the new measure, Visa cards issued in the countries of the European Economic Area (EEA), including the United Kingdom, Germany, France, Greece and Malta, are admitted to buy crypto directly in the exchange. Consequently, two fiat currencies are accepted for this purpose: the euro (EUR) and the pound sterling (GBP).
Binance also said that support for MasterCard cards and additional currencies will be added “in the near future” and asked its users to stay tuned for more information.
Binance asked to keep in mind that for now, only Visa credit and debit cards issued within the EEA will be compatible. According to the official publication, there are 31 EEA countries covered by this new announcement:
United Kingdom, Germany, France, Netherlands, Poland, Sweden, Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta , Portugal, Romania, Slovakia, Slovenia, Spain, Iceland, Liechtenstein and Norway.
How to add Visa cards
According to the official publication, to access this service, users can visit the “Buy Crypto” page, select the desired amount in EUR or GBP and click on “Next”.
After verifying your identity via KYC (Know your customer), click on “Add card” to link your Visa card. Once a Visa card has been added, users can purchase BTC, BNB, ETH and XRP directly.