Binance To Accept Credit Card Payments for Cryptocurrency Purchases Using Simplex Processor
By Mark Lemon – Cryptocurrency Dealer
The global cryptocurrency exchange, Binance, has added the option to buy crypto using credit card with the help of the payment processor Simplex. The company’s CEO, Changpeng Zhao has said the company “want to provide Binance traders with fast and easy access to crypto, in the most secure way possible.” He would like his customers to have the opportunity to buy digital assets with a credit card, then they will be able to start Bitcoin trading within minutes.
Zhao went on to say, “the crypto industry is still in its early stages and most of the world’s money is still in fiat.” He is aware that fiat gateways are vital for the growth of the financial ecosystem particularly with buying and selling Bitcoin. Now in partnership with Simplex, Zhao has stated that for mainstream users, credit card payments are a key factor in the expansion of crypto in general.
In the press release it said that using a credit card, you are now able to buy Litecoin, Ethereum, Bitcoin and Ripple (XRP). Binance has also launched its Bitcoin over the counter trading desks to support larger transactions in January 2019, which offers services for trades worth around 20 bitcoins and more.
The company’s website says that the credit card purchase time to buy cryptocurrency takes around 10 to 30 minutes to reach your wallet. Their fees range from 3.5% per transaction or 10 US dollars depending what is higher and accepts Visa and Mastercard. Don’t forget you can still buy crypto UK from our platform by using the following link here.