October 30, 2020

Binance US users will be able to buy bitcoin using debit cards

The US division of the Binance exchange has added the ability to purchase cryptocurrency using debit cards.

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Prior to this, users of the trading floor couldacquire crypto assets only with the help of ASN payments (made through the network of the Automated Settlement Chamber), that is, through ordinary bank transfers. Now, according to representatives of Binance US, user funds are insured by FDIC (Federal Deposit Insurance Corporation of the United States).

In addition, the company’s blog reports that inDuring the first 30 days since the launch of Binance US, the platform’s daily turnover reached $ 15 million. Today, the exchange supports 24 crypto assets and 40 trading pairs.

Binance US users will be able to buy bitcoin using debit cards

Trends in Binance US. Data: The Block

Representatives of Binance emphasized that they plan to expand the list of supported products in the coming months, designed to "reduce entry barriers for new users."

Recall, the launch of Binance US took place in September. At first, the exchange supported only a few crypto assets: Ethereum Bitcoin, XRP, Bitcoin Cash, Litecoin and Binance Coin.