How does Binance Visa Card Work?

The Binance Visa card is a new way to spend your crypto. It’s a VISA debit card that allows you to spend your cryptocurrency anywhere that VISA is accepted.

You can use it to shop online, in-store, or withdraw cash at ATMs. The Binance Visa card is currently available in select countries, and more countries will be added soon.

This article will give more details about how the Binance Visa card work and all other details you need to know about this crypto card.

How to get a Binance visa card?

To get a Binance Card, the first thing you need to do is to order one from Binance directly online. Several European countries currently support the Binance card.

A Binance account must be created by providing your email address and other personal information if you do not already have one.

To apply for a Binance card, your account must be KYC level 2 approved, which is a prerequisite.

A valid form of identity, such as a passport or driver’s license, and an address verification document, such as a utility bill, are required for Binance’s KYC level 2 certification.

People who are new to crypto may be alarmed by this, but rest assured that it is typical to process on an exchange like Binance, which you can trust.

Select ‘Identification’ by hovering over your profile button in the upper-right corner and upload your documents.

It is then necessary to take a photo of your chosen ID as well as a passport-style photograph. Make sure the address on your bill or other official document matches what you provide in our online form.

Countries in which Binance visa card is available

The image below shows a list of countries where the Binance card is available.

Binance Visa Card available countries

How does the card actually work?

It’s important to educate yourself about the features of your actual card as soon as it’s enabled and operational. Remember that the card does not automatically deduct funds from your Binance bitcoin holdings balance.

After transferring funds from your Binance Wallet to the Card, you can use the card. Fiat and other cryptocurrencies can be transferred to your card.

Your Binance card is ready for use everywhere Visa is accepted in person or online once you’ve completed the initial setup process.

If you use Samsung Pay or Google Pay, may set up their cards for contactless NFC payments using Binance money by entering your card information into the app of your choice.

Binance visa card benefits

The most recent Visa debit card issued by Binance is evidence of the effort to enable cryptocurrency use as widespread as feasible.

More than sixty million establishments in over 200 countries and territories accept Visa, making the Binance card a convenient way to pay everywhere Visa is accepted.

The card also features low transaction and processing fees, BNB cashback of up to 8% and Binance is one of the most popular and secure crypto platforms, making this card safe for everyone to use.

Binance also provides Cashback bonuses as an additional benefit. If you use your Binance visa card to make a purchase, you might get up to 8% back in BNB.

The quantity of Binance coin you stake on your account determines the amount of Cashback you receive. It is calculated each day based on the purchases made the previous day. In the case of a return, Binance may deduct Cashback.

One thing to note though is that the Binance card is not available in the USA.

Wrapping up

The Binance visa card is a great way to spend your crypto. It’s a VISA debit card that allows you to spend your cryptocurrency anywhere that VISA is accepted.

 

References:

https://www.binance.com/en/cards
https://decrypt.co/54302/binance-card-review-is-this-the-ultimate-crypto-card
https://cryptopotato.com/binance-visa-card-guide-review/

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