Binance launches buying of cryptocurrencies with plastic cards via the Android App

Binance Exchange announced the possibility of buying multiple cryptocurrencies with credit cards through a mobile application on Android. The function is available after updating the application to version 1.5.8.0.

The possibility of buying cryptocurrency using plastic cards in a mobile application has become a continuation of the cryptocurrency exchange's cooperation with the payment startup Simplex. According to company representatives, currently BTC, ETH, XRP, LTC and BCHABC are available for purchase.

To purchase coins, users need to click the "Credit Card" button on the initial screen. Then you need to select the desired cryptocurrency, the amount of coins received and the currency in which the purchase will be made (USD or EUR). After confirming the order, the user is redirected to the payment operator's page, where it is necessary to enter the data of the buyer and the plastic card. After buying a cryptocurrency will immediately fall into the user's account.

Representatives of Binance noted that in times of high volatility, the Simplex operator will receive a letter in the mail of the user to reconfirm the transaction. In addition, the commission for the purchase will be 3.5%, but not less than 10 USD.

Recall that in early April, the American Stock Exchange Coinbase announced the release of Visa plastic cards with the possibility of paying for goods with cryptocurrency. 

SOURCE