INTRODUCTION TO BINANCE CARD
08/11/2022
By Damilola olushola Ogungbayi
Table of contents:
- What is Binance card?
- Which countries is Binance Card available in?
- How to apply for a Binance Card
- Benefits of using Binance Card
- Closing thoughts
WHAT IS BINANCE CARD?
Binance Card is a Visa debit card connected to your Binance account. By loading up your Card’s Funding Wallet, you can spend crypto anywhere that Visa is accepted. It acts in the same way as the prepaid crypto debit cards mentioned above.
WHICH COUNTRIES IS BINANCE CARD AVAILABLE IN?
Binance card is available only to users from selected countries, including:
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
HOW TO APPLY FOR A BINANCE CARD
Getting a card is simple if you've already got a Binance account and live in an eligible country. If you aren't yet registered with Binance, you can follow our Binance Beginner's Guide and be set up in minutes. You will need to complete all relevant KYC and AML processes before successfully applying for a Binance Card.
To order your card, make sure you’re logged in and go to the Binance Card page. You can also navigate to this page by hovering over [Finance] on the Binance homepage and clicking [Binance Visa Card].
Next, click [Get Started] followed by [Order Card]. You’ll now see some KYC information and an agreement to confirm.
After confirming, you will land on the Order Card page. Here you can choose the format of your name to appear on the card. Once you have confirmed your choice, click [Continue].
You will now find your details pre-filled out with extra missing information for you to fill in. Finally, agree to the Privacy Policy, Terms of Use, and Cardholder Agreement before clicking [Order Your Binance Card].
Once you’ve ordered your card, you’ll also have access to a virtual card to use before your physical one comes. You can add this card to Google Pay Send, or even use it for online purchases. If you prefer to use the Binance mobile app, you can also order your card there. For more details on how to order a Binance Card, head to Binance FAQ.
BENEFITS OF USING BINANCE CARD
Apart from allowing you to spend your crypto in stores, restaurants, and VISA acceptors worldwide, Binance Card also has some unique benefits and perks.
1. Zero Fees -
A Binance Visa Card is free for any Binance user. There are no Binance administrative, processing, or annual fees, but you may occasionally be subject to third-party fees.
2. You can keep holding your crypto -
There’s no need to exchange your crypto into fiat in preparation for purchasing something. Binance converts it exactly when you need to, which means that your crypto can still earn possible market gains.
3. Up to 8% cashback -
Depending on your BNB monthly average balance, you will get up to 8% cashback on all your purchases. This cashback is given to you in BNB in your Binance account. You can read more details on the cashback program here.
4. Safe funds -
Your crypto funds are SAFU and protected by Binance. Binance has a high level of safety and uses robust security standards.
CLOSING THOUGHTS
With the Binance Card, every European resident can convert and spend cryptocurrencies in over 60 million online and physical stores
So far, Binance Card only supports the conversion and spending of the following cryptocurrencies: BNB, BUSD, USDT, BTC, SXP, ETH, EUR, ADA, DOT, LAZIO, PORTO, and SANTOS.
To get started click on the link below
