binance.US now accepts debit cards

[Tipstar]

US users of binance.US now can buy bitcoin and other cryptocurrencies with debit cards. It could really challenge the established bitcoin buying services that takes a large fees from US customers. Though some of the banks are not happy with their debit cards being used to buy bitcoins.

https://cointelegraph.com/news/binanceus-now-lets-users-buy-cryptocurrency-with-debit-cards

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[joniboini]

What is the service provider? Is it Simplex? If that's a yes, then the fee is still relatively high. I don't think this is that different from existing options as they use ACH and Wire transfer too.

[CryptoBry]

US users of binance.US now can buy bitcoin and other cryptocurrencies with debit cards. It could really challenge the established bitcoin buying services that takes a large fees from US customers. Though some of the banks are not happy with their debit cards being used to buy bitcoins.

This is another good option that Binance is presenting to its growing US-based customers. Using debit cards can means more convenience and more access, though someone above can be questioning the fees involved but I am hoping they are still competitive. We understand that in past few months, the use of debit/credit cards was spurned by many banks, that is why today the easing of this facility should be taken as a good step favoring the users or consumers. We are hoping that other big and small cryptocurrency exchanges can secure the same service for their growing clientele as well.

[Kyraishi]

Anyone else feel like Binance is going through a sprint of developments? I've never seen them announce so much new features and expansions in a weeks time, with this and the recent news about them expanding into China, it's a good time to hold bnb.

I'm not sure if this will even accomplish anything, it's been a day and we've already seen banks ban their customers from buying BTC... I'm going to assume we are going to see more to follow and bank wires still seem like the best option here.

[Pearls Before Swine]

This is another good option that Binance is presenting to its growing US-based customers.

I agree, and this makes me regret that my state is no longer eligible for binance's services, since there is no other way for me to buy bitcoin with a debit card anymore.  Coinbase isn't an option for me, unfortunately and there is a single bitcoin ATM near me that's out of service.

But I am happy for those in the states who *will* be able to use this service, and I'm glad at least that binance is offering it, regardless of whatever the fee is.

[bittraffic]

There is no point in banning the use of debit cards to buy BTC anymore when people can just buy BTC however they like. It could be a lengthy process but if acquiring BTC is what a person wants for his investment, its going to happen no matter what. Funds transferred from a bank account. as they suggest. But then anyway its now more convenient to buy BTC now that binance is offering it. 

[hello_good_sir]

Aren't the only accepted payment methods on Binance (currently), debit card and wire transfers? It seems most of the customers are crypto to crypto traders and aren't that big with crypto-currencies.

There are huge fees. From another new's article, I found that they usually need to wait 10-20 minutes, as well as there being a 3.5% transaction fee if you choose to use a debit/credit card - and you'll only be able to buy Bitcoin, Ripple, Ethereum and Litecoin.

Not as big news as I thought - banks are still being too restrictive.

[cotton ball]

US users of binance.US now can buy bitcoin and other cryptocurrencies with debit cards. It could really challenge the established bitcoin buying services that takes a large fees from US customers. Though some of the banks are not happy with their debit cards being used to buy bitcoins.

https://cointelegraph.com/news/binanceus-now-lets-users-buy-cryptocurrency-with-debit-cards

Binance US have revolution after listing in United state and citizen of US have use legal exchange market for trading and investing, now Binance US adopt for accept debit card make friendly for US citizen to make deposit to Binance US account, they will be easy what to make deposit to invest their favorite coin and keep hold for long time without worried which way can invest in binance US.

[Darooghe]

Another option for using fake money to buy real money in US, that's a really good news and i feel better now. this is a road map for destroying FIAT. first step, make people use their fiat cards to buy crypto. then People have to file for bankruptcy because they can’t afford to pay back the fiat on the credit card, therefore Banks are destroyed along with fiat because no one is paying their debts. Finally Crypto becomes mainstream form of currency and Binance becomes the bank of cryptocurrency. In my Opinion, buying crypto with credit is the real way to long bitcoin and short the banks, and it would force banks to accept crypto to satisfy their loan payments.

[BigBoom3599]

Another option for using fake money to buy real money in US, that's a really good news and i feel better now. this is a road map for destroying FIAT. first step, make people use their fiat cards to buy crypto. then People have to file for bankruptcy because they can’t afford to pay back the fiat on the credit card, therefore Banks are destroyed along with fiat because no one is paying their debts. Finally Crypto becomes mainstream form of currency and Binance becomes the bank of cryptocurrency. In my Opinion, buying crypto with credit is the real way to long bitcoin and short the banks, and it would force banks to accept crypto to satisfy their loan payments.

Please don't long Bitcoin with your credit card, that will not end well. Whatever you think Bitcoin's future is, having real life debt is no joke. Not paying of your debt isn't really an option, and banks will not tolerate it and persue you in every legal way possible. Don't invest more than you can afford, ever. Even if you 100% believe that banks will die and Bitcoin will take over. You can not predict the future, you never know what can happen. The whole blockchain space is still in experimental fase. Remember that

[joinfree]

US users of binance.US now can buy bitcoin and other cryptocurrencies with debit cards. It could really challenge the established bitcoin buying services that takes a large fees from US customers. Though some of the banks are not happy with their debit cards being used to buy bitcoins.

https://cointelegraph.com/news/binanceus-now-lets-users-buy-cryptocurrency-with-debit-cards

Binance is really doing a great job by expanding its borders to increase the awareness and adoption of cryptocurrencies. One thing that i am concerned most is that i hope the team really plays their cards well to ensure that they don't fall into the trap of the US SEC to bring about any law suit. Because from the published news you can see clearly that some banks don't approve of the use of debit cards to purchase cryptocurrencies but i know CZ really knows what he is doing and i wish him the very best!

[ChrisPop]

Every fiat deposit gateway that these big exchanges are a contribution to the funds pouring into the cryptocurrency market. Investors are looking for ways to easily "import" their fiat currencies into valuable assets and the fact that they can now buy BTC with debit cards is a big up for me. I don't know what are the fees though. If it is below 1% that's acceptable, if above I would look for other ways.

[jootn2kx]

US users of binance.US now can buy bitcoin and other cryptocurrencies with debit cards. It could really challenge the established bitcoin buying services that takes a large fees from US customers. Though some of the banks are not happy with their debit cards being used to buy bitcoins.

https://cointelegraph.com/news/binanceus-now-lets-users-buy-cryptocurrency-with-debit-cards

Binance has seen some crazy development in 2019. It must be its best year yet. Of course, that doesn't say much since it is only 2 years old, but still.

[Willitivity]

Since the launching of binance US, the developments on that front has been impressive and remarkable. This will sure open up more opportunities for people to invest into cryptocurrencies by eliminating the need for 3rd party BTC vendors. Also, been on the US market it will sure drive up more users.

[Wintersoldier]

Anyone else feel like Binance is going through a sprint of developments? I've never seen them announce so much new features and expansions in a weeks time, with this and the recent news about them expanding into China, it's a good time to hold bnb.

I'm not sure if this will even accomplish anything, it's been a day and we've already seen banks ban their customers from buying BTC... I'm going to assume we are going to see more to follow and bank wires still seem like the best option here.

No government will have the power to stop their people if the majority even the politicians see the good side of the crypto. Well, the adoption of Binance to debit cards in order for the users to accumulate bitcoin and other cryptocurrency is a milestone that will induce huge market adoption of people to crypto. Thus, creating more future especially when they are receiving discounts while trading using the BNB coin. I myself will consider holding BNB, but as of the moment, providing credit card information for me is quite risky. So there's a need for observation first.

[buwaytress]

Not sure what you mean by some banks not being happy. Binance US is licenced over there, lots of people have been using US cards to buy Bitcoin for years, absolutely no risk as far as being open about using it and using it at legitimate and compliant places.

Not a fan of corporates at all, especially in this business of Bitcoin, not helping users use, just getting people to speculate. But got to admit, Binance really showing Coinbase and co just how global business should be done though.

[Palider]

This is a good step for crypto currency adoption. First the ATMs and now the Credit Cards. Maybe next time the banks? We are finally seeing people gradually adopt bitcoin and crypto currency through Binance. It will be a great help to get people to buy bitcoin faster, hopefully in my country, too.