Binance to open Singapore fiat-to-crypto exchange in April

[jakelyson]

And Binance continues its expansion. That is good news to Singaporeans because they will have a better option in exchanging their cryptos. And sweet news to binance investors because binance is doing a very good job expanding.

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[Moshaid]

This is a very big step for binance and a good way of bringing new crypto mindset individuals to the crypto sector. Most people finds it difficult in buying bitcoin with their fiat currency due to the fact that no exchange supports such but only for usdt and the conversation rate is killing most people funds. But with this the singapore Crypto community will surely benefit from it. Imagine it's coming from binance again.

[Reid]

We need fiat to crypto exchanges because right now it is very difficult to get into the cryptocurrency world.
The fact that concerns me is how much would be the fee of this exchange of value. If it is high (which I think it will) then it will be not so beneficial for bringing many people to crypto.

I agree with Naida. It should not only br Singapore. There are also other places that are having the same problem. Better make it broad and let other countries participate in this new technology.

If I remeber that is asked mostly in this forum on how they can buy. It seems like they all want to invest with bitcoin but yet they cannot buy it.
It will be a big blast to the value of bitcoin if ever. Although there might be negative effects to sellers. Make the withrawal fees high to prevent getting in and out in a rush.

[rizkyhiw]

We need fiat to crypto exchanges because right now it is very difficult to get into the cryptocurrency world.
The fact that concerns me is how much would be the fee of this exchange of value. If it is high (which I think it will) then it will be not so beneficial for bringing many people to crypto.

I agree with Naida. It should not only br Singapore. There are also other places that are having the same problem. Better make it broad and let other countries participate in this new technology.

If I remeber that is asked mostly in this forum on how they can buy. It seems like they all want to invest with bitcoin but yet they cannot buy it.
It will be a big blast to the value of bitcoin if ever. Although there might be negative effects to sellers. Make the withrawal fees high to prevent getting in and out in a rush.

Maybe you are a little calmer on this trip because maybe Binance thought about exploring other countries in making new breakthroughs like that where Singapore is easily put into crypto, there is nothing Binance cannot have for every road map that facilitates for everyone, indeed now is entry access which may be for some people very complicated by making transactions several times, I hope this is a problem solver to attract all investors well and easily.

[akamit]

I dont see the reason why it hard to get into crypto currency like the early 2015-2016 where we have few crypto to fiat exchange site.

The answer to your question can be found in the second sentence of your post. Not all countries are friendly to crypto and have strict restrictions I know off.

It goid binance add the integration of the Singapore fiat into their payment system cause Singapore is also among the crypto friendly country

[Gaff]

We need fiat to crypto exchanges because right now it is very difficult to get into the cryptocurrency world.
The fact that concerns me is how much would be the fee of this exchange of value. If it is high (which I think it will) then it will be not so beneficial for bringing many people to crypto.

I agree with Naida. It should not only br Singapore. There are also other places that are having the same problem. Better make it broad and let other countries participate in this new technology.

If I remeber that is asked mostly in this forum on how they can buy. It seems like they all want to invest with bitcoin but yet they cannot buy it.
It will be a big blast to the value of bitcoin if ever. Although there might be negative effects to sellers. Make the withrawal fees high to prevent getting in and out in a rush.

Higher fees will accumulate when the price of bitcoin spiked bigger, because demands will also rise. If binance will have that expansion become stable, I guess it would bring more positive news around bitcoin community not just with Singapore but also to entire asian countries who been visibly following the footsteps of binance exchange. As per observations last year 2017 their transactions became more popular due to fast rising bitcoin price increase, so no wonder this brings more success to them once Singapore fiat exchange will be launch this April and so on.

[Siti Nurbaya]

A good step for Binance can receive fiat Singapore, making it easier for the Singapore community to use it.
Hopefully there will be many fiat from various countries that can be registered in Binance.

[Thanasis]

Singapore is one of the country which is trying to accept crypto as their main for of payment but not sure about the people because many Singapore citizens not aware of cryptos yet and also some group of people think it is not for the good people. Singapore is not a big country if government can advertise it properly then it will greatly helps the crypto adoption worldwide.

[breathlessz]

Singapore is one of the country which is trying to accept crypto as their main for of payment but not sure about the people because many Singapore citizens not aware of cryptos yet and also some group of people think it is not for the good people. Singapore is not a big country if government can advertise it properly then it will greatly helps the crypto adoption worldwide.

even so, we know that Singapore is a good business place. while many are pessimistic about cryptocurrency, binance shows its development in the crypto world, and this is certainly a positive sentiment for crypto growth

[Natalim]

Great news not only for Singapore crypto enthusiast but for the industry also.
Binance continues to spread awareness and increase their business operation in different part of the world, this could help to achieve real adoption.

Hopefully they will operate in my country soon, I believe our government are crypto friendly.

[Idoe]

We will see Binance's good development, Singapore is a developed country and as a strategic country in trade, it is indeed good to make Fiat Singapore included in Binance. With this system, it will certainly add to the community more alive.

[rafi035]

Binance is spreading to Singapore well for me and as investors will definitely be happy with being supported by fiat dollar SG this is a good development in the future.

[Indrawan77]

Its great to see how the government welcome and try to embrace the crypto currencies, this is going to help the economic and strengthen the crypto currencies foundation, and big applause to binance which is working hard to expand the market to every where, Asia is a good target to expand the crypto currencies

[incomefromcoins]

Binance opening fiat to crypto is very good news for binance coin and crypto community this adoption will bring billions of dollars to crypto as well as to binance coin as well

[carter34]

This is good for binance exchange. Binance has really shown that crypto and fiat can be used in convenient exchange for each other. This move will definitely have a positive impact on the coin and the holders too.

[sana54210]

First announced in September 2018, Binance Singapore will be a fiat-to-crypto exchange that would support the Singaporean dollar.


Full article here: https://www.unblock.news/market/binance-to-open-singapore-fiat-to-crypto-exchange-in-april

It is a welcome development; at least it will send lots of signal too to Singaporeans too about cryptocurrency, and still create lots of awareness through this system created that will make it easier for people to change their Fiat to cryptocurrency.

Gradually it will expand to other countries too where we have people that Bitcoin or cryptocurrency are of interest too. I am sure other exchanges have already grabbed this idea too and I am sure they will start planning to do same in whatever country they are domiciled, since I see that they like competition a lot in this crypto market.

[Adriano2010]

This is very good because is better to have more option and secure one to get in crypto and buy easy almost any coin from top when need and more and more people join the crypto market.

[Oceat]

Its great to see how the government welcome and try to embrace the crypto currencies, this is going to help the economic and strengthen the crypto currencies foundation, and big applause to binance which is working hard to expand the market to every where, Asia is a good target to expand the crypto currencies

Binance is expanding too quickly in their country and making a fiat-to-crypto exchange will be the first step for expanding their business. It's great that we have seen some good news about Binance, it will boost their name among other cities in China. Although their government is banning the crypto mining yet Binance is expanding their business in that country.

[betty11]

This is nice, binance keeps expanding, hope they are not going to contend with bitsdaq exchange in Singapore! Exchanging bitcoin to fiat in some countries conversion process is just too expensive and some persons find away around the excessive fee. I hope this will be cheap.

[indrakusumaindra]

First announced in September 2018, Binance Singapore will be a fiat-to-crypto exchange that would support the Singaporean dollar.


Full article here: https://www.unblock.news/market/binance-to-open-singapore-fiat-to-crypto-exchange-in-april

Quiet great news and seems like singapore is a great destination for binance to spread their wings. Singapore been really good and open to crypto businesses, i believe with binance open fiat to crypto in singapore it could make binance more popular and also make binance coin more precious.