Binance Card Review: A Full Guide
Cryptocurrency may have emerged as a revolutionary mode of money in the world but making transactions using crypto is still a challenge for users. In this article we will talk about the Binance card review; one of the amazing addition to the Binance platform that has brought great comfort and ease to the users of crypto.
- Binance crypto card has brought innovation to the way crypto transactions are processed before.
- Binance is constantly working on bringing new things to the users for their ease
- Both Non-Binance users and Binance users can easily set up their accounts.
- To order their physical Binacne debit card the user must place an order until then he can also use the virtual card.
Binance Card is not just an ordinary card it is a ‘Binance Visa debit Card’. It allows users to spend their Bitcoin, Ethereum, or any other crypto saving in day-to-day transactions. The card will convert the cryptocurrency that you’re using into fiat in real-time. Moreover, with everyday emerging trouble related to crypto Binance has been working hard on normalizing crypto adoption around the world. They are making this possible by introducing things for the ease of people.
In this Binance Card review article, we will try to cover every relevant information related to the Binance card benefits and more. Whether you’re a new crypto user or a seasoned you must look up Binance Card as it can be your gateway to a more seamless and convenient experience of spending your crypto.
What is Binance Visa Card?: Binance Card review
One of the largest Crypto exchanges in the world; Binance Launched the Binance Debit Card. The virtual and Physical VISA debit card by Binance allows its users to make purchases. Also, or withdraw money from the crypto wallets for everyday use.
On Binance Card comparison to other cards, we’ll find the feature that sets it apart from the rest. It is that the Binance crypto card only converts the crypto to fiat at the time of transaction. This makes it easier for users to spend their money on crypto in their time of need. In order to get their hands on the physical card the users may place an order. They can do that after registering an account with Binance Exchange.
Similar to a regular debit card, the Binance card is also a prepaid card. But in the case of a Crypto card, you must feed your account with cryptocurrency supported by Binance like USDT, BTC, SXP, ETH EUR, and more. Interestingly the card is eligible across 200 regions and territories in the world where Visa card is accepted.
Getting to the Binance Crypto Card review, this is one of the most beneficial inclusions. This has offered a seamless and convenient payment method for users. The conversion of crypto to fiat on spot makes it so much easier to make transactions. More so, the card is made of plastic with all-black and silver color shades.
Is Binance Card worth it?: Pros and cons
Despite the Hype around this card the question arises is it still worth it? well, we leave it to you to decide whether it is or not. In this Binance card review article you will find all of the pros and cons of the Binance Visa Card:
- Binance does not charge its users any additional charges, which makes using a Binance card an affordable option. Especially for users looking for lower transaction and processing fees for crypto.
- You can use this crypto-based visa card anywhere in the world where a visa card is accepted.
- Since Binance is one of the most secure crypto platforms. So you can be confident while processing any transactions through Binance cards.
- There is no need to exchange because the crypto converts to fiat from crypto as the transaction processes.
- You can also get up to 8% cashback depending on the monthly average balance of your Binance Coin (BNB). This cashback is credited to your Binance account.
- To achieve a maximum cashback of 8% on your purchases the user must maintain a minimum of 6000 BNB in their Binance wallet.
- The cashback rewards are mostly bound to BNB only another drawback to it.
- Depending on the country there are tax implications.
In our opinion, Binance Visa Card can a great option for those who are heavily invested in BNB. However, it might not be that much of a good option for beginners.
How to get a Binance Card?
Here’s how you can set up your Binance Card:
Step 1: Create a Binance Account
The first step is that you create your Binance Account, if you don’t have already one. To get Registered go to the website of Binance and select the ‘Register’ option. Then follow the instructions given by completing the KYC verification process.
Step 2: Apply for the Binance Card
After verifying your account go to the Binance card page on the website and apply for your card.
Step 3: Create a pin
When you apply for the Binance card you will be redirected to the order page. There you will choose the name that will appear on your card. Then set a 4-digit pin, and make sure your pin combination is secure and not easy to guess.
Step 4: Give your Delivery address
Your delivery address will get filled automatically with the one you registered on the exchange’s website. Though you may check for any missing information.
Step 5: Wait for Delivery
Read all of the terms thoroughly and once you agree to them you can start waiting for your card to be delivered. Till then you can even use your card virtually.
How to set up a Binance Card?
Here is how you set up your Binance card once you get it.
Setting up your wallet
To start using your Binance Card you’ll need to make a transfer from the Spot wallet to your Card wallet. You can transfer both fiat or supported currencies to your card wallet and then you can also choose the order in which you intend to be debited first.
Use your Binance Card
Once you’re done setting up your card you can use it at any place applicable easily. Moreover, you can also turn on auto top-up to ensure you never run out of funds in your account.
France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Denmark, Estonia, Finland, Italy, Latvia, Liechtenstein.
Binancce card only charges 0.9% of the transaction fees on ATM withdrawals and no other additional charges.
The cashback of 8% you get on based on every purchase you make with the card.
To sum up the Binance card review, you must know that this card is an innovation in the crypto world. You can set it up in a few easy steps and a straightforward process. This card has actually bridged the gap between traditional and digital currencies by making it easier for crypto transactions to convert into fiat. With various added benefits you can start using your card right away after you set it up.