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Binance, one of the worlds largest crypto exchanges, has just announced that they have enabled the purchase of cryptocurrency via debit an...

You can now pay for crypto with a credit or debit card on Binance

Binance, one of the worlds largest crypto exchanges, has just announced that they have enabled the purchase of cryptocurrency via debit and credit card.
Through a new partnership with payment processing firm Simplex, Binance now allows customers to buy crypto on Visa and MasterCard debit or credit cards.
Card purchases can be made when buying Bitcoin (BTC) Litecoin (LTC), Ethereum (ETH) and XRP.
Binance details the ‘benefits of using a debit or credit card’ including:
·  Fast: Average 10-30 mins for cryptocurrency to reach your wallet
·  Low Fees: only 3.5% per transaction or 10 USD, whichever is higher
·  Convenient: Visa and MasterCard accepted
The community rejoices... and questions.
Many crypto aficionados took to Twitter to congratulate Binance, with many signaling this as the end of Coinbase…
However, not everyone was thrilled after reading the small print:
Actually, maybe not so good.... Minimum buy is 1 and minimum is $50 worth of
View image on Twitter
Which newbs are going to deposit 1 while ??
$50 minimum I understand but 3,500 minimum to buy BTC ๐Ÿค”
See Del Rypto's other Tweets
Simplex is horrible. I do not trust them after they did not release my BTC for more than a week after paying. This happened to many others as well. They even placed fake reviews on their site to drown all the bad reviews. Their support is non-existent either.
See bit-khoi's other Tweets
So 1000 XRP is EUR 284.83 and if I buy from Wirex is EUR 276.77. I better buy from Wirex.
See Oddslot⚡️'s other Tweets
3.5% per transaction or 10 USD, whichever is higher. So if I want to buy $50 I'm going to pay $10 fees?
See Cryptonite's other Tweets

Binance recently unveiled its fiat-to crypto jersey exchange allowing British and EU residents an on/off ramp directly into cryptocurrencies.