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Title: Binance card fees Post by: Chlotide on July 24, 2020, 08:18:29 PM Hi guys, I recently saw that Binance started providing debit cards that you load with crypto from your Binance account and use it like any other card in your pocket.
But could not find out anything about the fees they charge. All I could find is that (they say) there is no monthly or annual fee for the card so I guess there would be a fee per transaction. Anyone knows a bit more about it? Thanks Title: Re: Binance card fees Post by: jackg on July 24, 2020, 08:25:56 PM All I can find is this: https://card.binance.com/en
Not sure if it's been released yet. Coinbase charged 4.99 eur/gbp for the card and 2.5% rates and I think a lot of other places did similar - ecoin when it existed and crypto.com now)? Title: Re: Binance card fees Post by: BitMaxz on July 24, 2020, 08:34:50 PM That's good news that Binance exchange can provide a debit card(Binance card). They have both Virtual on beta and physical and I think it's already available in some countries.
Anyway, about the fees according to their blog "We don't charge any monthly or annual fees." so it means you can use the Binance card without fees. You just need to pay a one-time cost of 15 USD. I found this from here https://www.binance.com/en/blog/421499824684900479/Introducing-the-Binance-Card-Shop-and-Pay-With-Crypto-Anywhere-in-the-World Title: Re: Binance card fees Post by: Chlotide on July 24, 2020, 08:47:03 PM Not sure if it's been released yet. Seems you may be right. I skimmed that link before but somehow did not fully read the first paragraph... july and august only for spanish and french users. The rest sign up for more info... I'll wait and see than. Anyway, about the fees according to their blog "We don't charge any monthly or annual fees." so it means you can use the Binance card without fees. You just need to pay a one-time cost of 15 USD. In order to issue physical cards they must partner up with some banks. And I really doubt the only fee is a flat $15 in these circumstances. Seems we'll get the answer after the "closed beta" with spain and france :) Thanks guys Title: Re: Binance card fees Post by: bL4nkcode on July 24, 2020, 08:50:56 PM Didn't find any details except from above post regarding their charge, for more info you can check it here https://www.binance.com/en/support/articles/ed89f6797ae943ad87841e58591eb229
As what I understand users from France and Spain will be the first to avail to order the card while anyone can register https://card.binance.com/en to avail if the card is available on your country. |