Binance Card: A Crypto Debit Card for Everyday Use

Are you looking for a way to spend your crypto easily and conveniently? Do you want to enjoy the benefits of crypto without sacrificing the flexibility of fiat? If yes, then you might be interested in Binance Card, a crypto debit card that lets you pay with crypto anywhere that Visa is accepted. In this blog post, we will explain what Binance Card is, how it works, and why you might want to get one.

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. Binance Card supports payment using Bitcoin, Binance Coin, Ethereum, SXP, and BUSD.

Binance Card is not a prepaid card or a credit card. It is a debit card that converts your crypto into fiat at the point of sale. This means that you don’t need to sell your crypto in advance or worry about exchange rates and fees. You can simply use your crypto as you would use your fiat money.

Binance Card is available in more than 30 countries in the European Economic Area (EEA). You can order a physical card or a virtual card from the Binance website or app. The physical card has a one-time cost of 15 EUR, while the virtual card is free.

How does Binance Card work?

To use Binance Card, you need to have a verified Binance account and a compatible crypto wallet. You can choose from many different wallets that work with Binance Card.

Once you have a wallet, you can transfer your crypto from your Spot Wallet to your Funding Wallet. This is where your crypto balance for the card is stored. You can top up your Funding Wallet with any of the supported crypto assets.

After you top up your Funding Wallet, you can use your Binance Card to make payments online or offline. You can also withdraw cash from ATMs that accept Visa cards. When you make a payment, Binance Card will automatically deduct the equivalent amount of crypto from your Funding Wallet and convert it into fiat.

You can view your card details, such as the card number, CVV code, and expiry date, from the Binance website or app. You can also manage your card settings, such as freezing or unfreezing your card, adjusting the spending priority of different crypto assets, and viewing your transaction history.

Why use Binance Card?

There are many reasons why you might want to use Binance Card to spend your crypto. Here are some of the benefits of using Binance Card:

• Convenience: You can use your crypto for everyday purchases without hassle. You don’t need to switch between different platforms or services. You can simply use your Binance account and wallet to manage your funds and payments.
• Flexibility: You can choose from over 80 different crypto assets and multiple fiat currencies to pay with. You can also adjust the spending priority of different crypto assets according to your preferences and goals.
• Security: Your funds are protected by Binance’s security features and encryption. You also have full control over your own crypto assets as you use your own wallet. You can also freeze or unfreeze your card anytime if you lose it or suspect any fraud.
• Rewards: You can earn cashback in BNB for every purchase you make with Binance Card. The cashback percentage ranges from 0.1% to 8%, depending on your card level and BNB holdings. You can also enjoy other perks and discounts from Binance’s partners and merchants.

Conclusion

Binance Card is a crypto debit card that allows you to pay with crypto anywhere that Visa is accepted. It converts your crypto into fiat at the point of sale, saving you time and money. You can also benefit from using Binance Card by enjoying convenience, flexibility, security, and rewards.