Binance Card Launches in Europe

[shata]

Binance card launched in Europe, enabling binance users to convert and spend BTC, BNB, SXP, BUSD to fiat. Binance card worked like traditional debit card powered by Swipe Plarform. Balance on the card will remain to be in the form of BNB coin until the point of sale which users can convert it into either cryptocurrency or fiat.

Source: https://www.binance.com/en/blog/421499824684900740/Binance-Card-Launches-in-Europe

[1715062718]

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[blockman]

Binance is impressive, as far as I can tell, this card that they are launching can be used the same as our bank cards for spending habits. In any shops where the card can be used. They are making it happen for those that are not yet convinced of using cryptocurrencies for spending.
And having that said, it's just the beginning of their expansion. Once they have this card in all of the continents, that's a very successful application of crypto thru the use of cards. I can't wait to have it in our region.

[Zotak337]

I'm not surprised about this news, if any team is capable in crypto haven it's definitely binance exchange team, this team can achieve any thing that seem impossible to achieve in crypto space, many projects who claimed to be a MasterCard kinda crypto payment have failed but not binance of course

[bigcash2011]

Binance card launched in Europe, enabling binance users to convert and spend BTC, BNB, SXP, BUSD to fiat. Binance card worked like traditional debit card powered by Swipe Plarform. Balance on the card will remain to be in the form of BNB coin until the point of sale which users can convert it into either cryptocurrency or fiat.

Source: https://www.binance.com/en/blog/421499824684900740/Binance-Card-Launches-in-Europe

It is good to see binance advancing ahead in this niche and i think if they kept this pace the time is near when binance will be considered as a one stop solution for everything crypto related and that will be massive achievement.
But in line with crypto concept i think binance needs to launch truly global crypto card that will be working in each and every country of the world.

[nicecrypto]

Waw! I have seen some of their Instagram post about the binance card never knew already available in some countries, am truly pleased to hear that, binance is one true exchange that I will be glade to have their card any day any time.
This company is too brilliant, they know how to expand their brand.

[aprilnot]

good news. but wait, what is the real function of this card. Can we withdraw money using this card?.  so it means binance will collaborate with several banks to be able to use their ATMs. or binance debit card can only be used for merchant payments only?

[NeuroticFish]

Interesting news, nice pages and basically no info.
* what are the fees and limits
* is the conversion rate going to be the spot rate or something different (hidden fees) like most of the others do
* how will be the Forex exchange get handled for the ones not in Eurozone (but still in EEA)?

[disconnectme]

People can criticise Binance for all their shortcomings but Binance is doing much more ot these space than any exchange. The way the keep enabling direct fiat entry into the space is almost responsible for the recent pump in Altcoins. Just look at CoinBase contribution to the space to see how far Binance has gone

[DarkDays]

Looks like a decent competitor to Coinbase card, Revolut and MCO's card.

There isn't any information on whether you need to register your personal details with the exchange to use the card (e.g. complete KYC/AML check).

If not, the this could be an absolutely killer tool for us that want to make the switch to pure crypto payments.

I've registered my interest, we'll see what they want in August.

[btc_angela]

Looks like a decent competitor to Coinbase card, Revolut and MCO's card.

There isn't any information on whether you need to register your personal details with the exchange to use the card (e.g. complete KYC/AML check).

If not, the this could be an absolutely killer tool for us that want to make the switch to pure crypto payments.

I've registered my interest, we'll see what they want in August.

Right, it looks like Binance is going after the Coinbase card which I will say is quite handy and well known in Europe for crypto enthusiast. And we all know how CZ's mind is, he always wanted to expand his business and trying to compete and test the market. Not enough info, but everyone should keep this one in the radar, definitely will be a good option for our EU crypto enthusiast.

[irixo10]

Binance really want to make cryptocurrencies to be easily accessible in every way possible and not only that, with this move it tends to challenge most platforms as well as traditional systems which is really good as well. Also, Binance has proved yet again to be the best exchange which keeps looking for more ways to explore every opportunity they can lay their hands on. To be frank, this is the type of innovative solutions most platforms should be looking into so that together, mass adoption of blockchain and therefore cryptocurrencies will be achieved.

[TimeTeller]

good news. but wait, what is the real function of this card. Can we withdraw money using this card?.  so it means binance will collaborate with several banks to be able to use their ATMs. or binance debit card can only be used for merchant payments only?

Here is the answer specific to your question regarding withdrawal of cash from Binance Card.

https://www.binance.com/en/support/articles/ed89f6797ae943ad87841e58591eb229



So the answer is yes, you can withdraw cash as long as you are in the region that supports cash withdrawals.
You can also check other detailed info from the above link how to activate your card and many others.
Binance seems to make their future clients life's easy by how they will handle this card transactions.
I hope they will not cover only Europe but other regions as well.

[Kemarit]

Binance really want to make cryptocurrencies to be easily accessible in every way possible and not only that, with this move it tends to challenge most platforms as well as traditional systems which is really good as well.

No doubt about that, they are really growing tremendously, US, Asia, Africa and EU are their target. But they also need to follow regulations in EU as we all know that they are still in the grey area as far as being a crypto friendly continent.

Also, Binance has proved yet again to be the best exchange which keeps looking for more ways to explore every opportunity they can lay their hands on. To be frank, this is the type of innovative solutions most platforms should be looking into so that together, mass adoption of blockchain and therefore cryptocurrencies will be achieved.

They have raise the bar so high that it is really hard to compete with them. The rest of the exchanges are really lagging behind. But we will see how EU will react it to.

[abel1337]

Also, Binance has proved yet again to be the best exchange which keeps looking for more ways to explore every opportunity they can lay their hands on. To be frank, this is the type of innovative solutions most platforms should be looking into so that together, mass adoption of blockchain and therefore cryptocurrencies will be achieved.

They have raise the bar so high that it is really hard to compete with them. The rest of the exchanges are really lagging behind. But we will see how EU will react it to.

Binance is really into it, There's no question why did Binance came up to the top and be the one of the best crypto exchange existing today. As an exchange they never fail us to deliver good quality of services, Keeping their self in the trend or creating trend like this. Exchanges should keep up to Binance by learning to adapt, innovate, and creating new features. I hope that Binance would be the standard of exchange.

Binance card launched in Europe, enabling binance users to convert and spend BTC, BNB, SXP, BUSD to fiat. Binance card worked like traditional debit card powered by Swipe Plarform. Balance on the card will remain to be in the form of BNB coin until the point of sale which users can convert it into either cryptocurrency or fiat.

Source: https://www.binance.com/en/blog/421499824684900740/Binance-Card-Launches-in-Europe

Sooner or later Binance card would spread all over the world, Ofcrouse big countries would be the first to experience it since it is expected to have their biggest fan base there.  The card seems sleek too and the features compare to other crypto card is quite nice.

[Anonylz]

People can criticise Binance for all their shortcomings but Binance is doing much more ot these space than any exchange. The way the keep enabling direct fiat entry into the space is almost responsible for the recent pump in Altcoins. Just look at CoinBase contribution to the space to see how far Binance has gone

A healthy criticism is always good for business, it makes them want to fix those shortcomings and do even more better, the important thing is knowing this shortcomings and willing to make necessary adjustments, binance has been an inspiration imo with the way they have managed to raise the bar of exchange, kudos to them for this achievement and their hard work, their innovation is impressive.

[Erumo]

Hope this wont be as exclusive as Coinbase cards, when only people from county list can have it, and other Europeans or World will have to wait their turn

Just checked support article - not a single word how much will be a monthly fee and how much this card will cost.

What is "KYC level 2 verified" ? Account can be verified or non-verified? What is level 2 ?

[Zeehaxan]

Binance card launched in Europe, enabling binance users to convert and spend BTC, BNB, SXP, BUSD to fiat. Binance card worked like traditional debit card powered by Swipe Plarform. Balance on the card will remain to be in the form of BNB coin until the point of sale which users can convert it into either cryptocurrency or fiat.

Source: https://www.binance.com/en/blog/421499824684900740/Binance-Card-Launches-in-Europe

Another great product from binance but i hope this crypto card will not have provider issues like other crypto based cards often have also i think Europe already has dozens of such card services so it was better if binance would have started their crypto card from some other region like Asia to offer this service and attract a huge userbase.

[KidTalent]

How can you not hold BNB in your portfolio?

CZ is aiming to dominate this space and his team are relentless in bringing out new features and products, they never stand still, never an empty promise, they just get it done.

BNB will enter the top 3 on CMC imo.

[rdbase]

Here is the tweet I just read about from swipe.
https://twitter.com/SwipeWallet/status/1282995939725189126

So they were not affected by the wirecard thing which many of these debtcards work from for providing their services to their customers?
If not then which company provides their debtcard services?
According to their twitter page they have been around since 2014 so am wondering why binance decided on partnering with them to provide their cryptocards? As I know they have spent along time to announce their cards so must of been doing their research on alot of different companies to settle on.

[@baoli]

Binance is doing well. Good to hear they can do that in Europe, meaning government in a way has given an a regulatory approval. This will strength other elements of the exchange