How Does Binance Card Work And What Benefits Does It Bring?
The Binance card is an example of a crypto card, which allows users to buy virtually anything with cryptocurrency. Let’s find out how it works and what benefits it brings to users.
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. It acts in the same way as the prepaid crypto debit cards mentioned above.
Binance card is available only to users from selected countries, including: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
How to apply for a Binance Card
Getting a card is simple if you’ve already got a Binance account and live in an eligible country. You will need to complete all relevant KYC and AML processes before successfully applying for a Binance Card.
To order your card, make sure you’re logged in and go to the Binance Card page. You can also navigate to this page by hovering over [Finance] on the Binance homepage and clicking [Binance Visa Card].
Next, click [Get Started] followed by [Order Card]. You’ll now see some KYC information and an agreement to confirm.
After confirming, you will land on the Order Card page. Here you can choose the format of your name to appear on the card. Once you have confirmed your choice, click [Continue].
Benefits of using Binance Card
Apart from allowing you to spend your crypto in stores, restaurants, and VISA acceptors worldwide, Binance Card also has some unique benefits and perks.
1. Zero Fees – A Binance Visa Card is free for any Binance user. There are no Binance administrative, processing, or annual fees, but you may occasionally be subject to third-party fees.
2. You can keep holding your crypto – There’s no need to exchange your crypto into fiat in preparation for purchasing something. Binance converts it exactly when you need to, which means that your crypto can still earn possible market gains.
3. Up to 8% cashback – Depending on your BNB monthly average balance, you will get up to 8% cashback on all your purchases. This cashback is given to you in BNB in your Binance account.
4. Safe funds – Your crypto funds are SAFU and protected by Binance. Binance has a high level of safety and uses robust security standards.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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