Binance card is here!

Binance card is here!

By MadMaxx | Psycho Crypto | 27 Mar 2020


I'm personally not one to ever withdraw his crypto until a specified time or in a zombie apocalypse.

I love to trade and I make a decent amount off it. Withdrawing money that can make me a profit feels "off" to me.

However, if I could SPEND that money without ever seeing it reflect in my bank account, it'd be the nicest thing ever.

Enter Binance card. Binance realised that the fees and time involved in getting your crypto over to your bank account are usually high.

So why not just let users spend the crypto directly?

Well, there's a problem.

Only 0.1% of the world uses crypto. And because of that low adoption rate, only a handful of merchants support crypto payments. Your favourite merchant probably doesn't. 

So Binance did the wise thing. They created a DEx, but for fiat. It's a gateway, just like the DEx on the Trust wallet. The only difference is that this one converts crypto to fiat at the current rate.

It's also supported by Visa, and is a visa card itself. This means that you can pay over 46 million merchants with crypto without them even knowing.

This is one big step for mass adoption, and I simply love it.

To get the card, head on over to Binance.com and register for the card over there. It's really simple.

Just input your email and create a password and you're set!.

The card is only available in a few countries for now, but Binance is working really hard to make it available in all countries.

They're also working on a physical card that you can use in regular ATMs. Of course, this card would be linked to your Binance account, and you would be spending the money over there. You would be able to withdraw your crypto at ATMs without exorbitant fees.

To get the physical card, you'd need a one time payment of $15. Simply deposit $15 worth of BTC or USDT to your Binance card account, and you're set!

There are also no maintenance fees, which is more or less heaven for me!

Doesn't this sound like a great idea?

Let me know what you think down below!

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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