Binance Exchange Launches Crypto-Fiat Debit Cards

The largest crypto exchange Binance has confirmed the release of a cryptocurrency debit card in partnership with Swipe.Relevant information appeared on the official website of the company, but eventually disappeared. It is reported by The Block.

The publication managed to save a fragment of the FAQ section on the Binance website. This fragment contains a detailed description of how the card will work.

To order a card, the user needspass 2 level verification KYC. Based on the information, the product will not be available in some countries, but a specific list has not yet been named. The owner can use the virtual version of the card while the delivery of the physical medium takes.

Among the features of the card were also namedthe ability to exchange cryptocurrencies for fiat in real time. This means that users can pay for purchases with digital assets using this card anywhere in the world.

The spendable limit is formed on the basis ofthe market value of all assets in the owner’s account in the amount of. Due to this, the user can pay for purchases even if he does not have enough savings in one cryptocurrency. Cardholders can choose the priority order of spending in digital assets.

It will also be possible to transfer funds tocard directly from the Binance trading account. Payments will be instant, funds can be spent immediately after crediting. Also, cardholders will be able to withdraw cash from ATMs.

Everything else became known that Binancegot her own emoticon on Twitter with the company logo. Due to this, Binance Coin (BNB) became the third cryptocurrency after BTC and CRO, which received its own emoji in the popular social network.

We also recall that in April the exchange issued a Binance Card debit card that supports only BTC and BNB.

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