The world’s largest crypto currency exchange, Binance, will soon be launching its own debit card, the Binance Card, with which you can shop anywhere with your Bitcoins. No longer will you need to sell your crypto to pay bills. With the Binance Card, you can keep HODLing, and spend only what you need to make a payment.
The Bitcoin exchange Binance announced some days ago hat it would issue its own debit card. The Binance Card is intended to enable payments in crypto-currencies. For a long time it was unclear which provider Binance would use for this. Now there are some indications that the industry leader will use the crypto-project Swipe technology for its debit card.
The crypto news portal TheBlock had fueled the rumour mill at the end of June. TheBlock claimed to have heard from insiders about the upcoming cooperation between Binance and Swipe. As a result, the price of the Swipe token SXP rose sharply.
The problem: Binance removed the Swiss Post, which was published on 1 July, shortly afterwards. True to the motto: buy the rumour, sell the news, the SPX price had to record sales after 1 July.
Where Do You Get Binance Card?
Binance is currently releasing the Binance Card in a beta version, and aims to make it available globally to all new and existing users within the next few weeks. Binance Card will initially be released in Malaysia, then in Vietnam, and more countries will be added later.
You can register interest in Binance Card through the landing page, and Binance will notify you once the card becomes available in your region. All you need to do then is download the Binance Card App, log in to your Binance account or register a new one, and complete simple and secure identity verification. Then you can order the card for a one-time cost of 15 USD, which is payable in the form of initial top-up from your crypto wallet to the Binance Card balance. You just transfer 15 USD worth of BNB or BTC to your card balance to process your order. Binance doesn’t charge any monthly or annual fees.