Binance Card is a Visa debit card that enables users to spend their Binance crypto holdings. It converts the digital assets to fiat money at the point of sale so that they can use the cash even in places where cryptocurrencies are not accepted. This card allows you to make payments using crypto that gets auto-converted and fiat. This review looks at the features of the card and its parent company. Get the Binance card now!
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Card Details
Cashback: 1-8%
Cashback Currency: BNB and BUSD
ATM limit: 290 EUR per day
Denomination Currency: EUR
Card Type: Physical & Virtual
Spend Type: Fiat & Crypto (Manual top-up)
Mobile Pay Support: Google Pay / Samsung Pay
The exclusive debit card from the world's largest exchange!
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Advantages with Binance Visa Card
+ The card supports payments with various popular cryptocurrencies.+ There are no conversion charges from e-currencies to fiat money.
+ Works with Visa, which is accepted around the world.
+ Has a virtual card that makes online payments easy and fast.
+ The card has straightforward rewards for its users.
Disadvantages
- Spending limits for the physical and virtual cards.- The card only accepts payments of up to 12 tokens.
- No as many innovative benefits as some other crypto cards.
- Pricey to get replacement if lost or damaged.
- Limited to only the EU, South America, and Bahrain.
About the crypto card
Binance Card accepts a variety of major and minor cryptocurrencies such as:
Binance Coin (BNB)
Bitcoin (BTC),
Binance USD (BUSD),
Solar (SXP)
Ethereum (ETH)
Avalanche (AVAX)
Shiba Inu (SHIB)
Ripple (XRP)
Cardano (ADA)
S.S. Lazio Fan Token (LAZIO)
Polkadot (DOT)
FC Porto Fan Token (PORTO)
Tether (USDT)
Santos FC Fan Token (SANTOS).
However, it's always good to double check before ordering as the above is of course subject to change.
It also accepts fiat currencies, including AUD, HKD, EUR, KZT, PEN, USD, NOK, RUB, UAH, TRY, and UGX. There is a charge for funding the card with fiat currencies.
While the country accepts users from around the world, some features are limited in some countries. Check the available features in your country. Binance has low trading fees, but the charges may vary depending on where in the world you are.
Countries Not Allowed: Australia, Canada, China, India, Israel, Japan, Mexico, New Zealand, Russia, , South Africa, Switzerland, Turkey, , United Arab Emirates, United Kingdom, United States
More about the rewards
There are a variety of cashback rewards that come in the form of the Binance Coin, otherwise known as BNB. Other cashback rewards come in the form of BUSD. However, compared to some other cards on the market these rewards aren't particularly extensive. However, BNB is a major coin and Binance is a highly popular exchange.
+ Up to 8% BNB rewards with every purchase, depending on your card level.
+ Up to 1,000 BUSD on making your first transaction.
+ 20 BUSD per referral that results in the signing up of friends
About the fees
You get charged up to a 0.9% fee to transact with the card. This includes payments and ATM withdrawals. You will also be charged $25 if you wish to replace your card. There are no charges for the first issue of the card or for being inactive for a year.
About the Crypto Card Company
Binance Card is issued by Binance Crypto Exchange, one of the leading exchanges on the internet. It was founded in 2017, having been developed by Changpeng Zhao. This decentralized crypto exchange was originally stationed in China. It has established one of the largest exchanges, offering over 150 cryptocurrencies around the world. The card just supports a few of them.
FAQ
How long does it take to get the Binance card?
You have a choice of a virtual or a physical Binance card. You get the virtual card immediately and start using it for online payments. However, the physical card may take up to 45 days to arrive, depending on the country. You will receive an estimate of the period within which you will get the card.
How much does it cost to replace a Binance Card?
Ordering a Binance card is free. However, you will be charged $25 to replace a damaged or lost card. The new physical card will take a similar number of days as a new card.
How safe is the Binance Card?
Binance Card has several features to ensure that it is safe. First, the card uses a chip and pin to ensure that anyone who comes across it cannot cash in the money. The virtual card has two-factor authorization on top of the pin for extra security. If you lose the card, contact Binance immediately to have it deactivated.
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Screenshot(s) from Binance Visa Card
