As stated on their website, announced a partnership with leading payment processing company Simplex, enabling users to buy with their credit cards directly on .
Simplex is a company providing guaranteed fraudless payment processing solutions. Simplex processes credit card payments with a 100% zero fraud guarantee — in case of a chargeback, the merchant gets paid by Simplex.
Simplex’s HQ is located in Israel, with subsidiaries in the UK, US, and Lithuania. Simplex was founded in 2014, and today works with some of the largest crypto exchanges, wallets, and platforms.
Through the collaboration with Simplex, by accepting credit card payments for crypto, is supporting broader use and accessibility of worldwide.
Well, I did not believe until I saw it live. The feature is live now at
Remember that you can also use Fiat (USD, GBP, and EUR) to buy at — an extension of Binanc.com.
Restricted Countries List On Binance For Credit Card Purchase
Afghanistan
(Some of Chinese banks are not supported.)
Congo (Brazzaville)
Congo (Kinshasa)
Cuba
Democratic People’s Republic of Korea
Eritrea
Iran
Iraq
Ivory Coast
Kyrgyzstan
Lebanon
Libya
South Sudan
Sudan
American States not supported for Binance Credit Card Purchase
New York (NY)
Georgia (GA)
Connecticut (CT)
New Mexico (NM)
Hawaii (HI)
Washington (WA)
Binance/Simplex Fees & Limits
Simplex fee is 3.5% of the transaction with a 10USD minimum (flat fee).
Daily limit is 20k USD per user.
Monthly limit is 50k USD per user.
Minimum transaction: 50 USD.
Simplex fee is 3.5% of the transaction with a 10USD minimum (flat fee).
Daily limit is 20k USD per user.
Monthly limit is 50k USD per user.
Minimum transaction: 50 USD.
Note: Simplex payment processing is subject to local bank policies. Some issuer banks may decline charges on their own terms, regardless if users reside in a supported jurisdiction.
Buying Cryptocurrencies on Binance Using a Credit Card in 6 Steps
#1. Click Funds, select Simplex, then choose the name and currency you want to pay with. Currently, we only support USD and EUR.
➡ Check the notes and the handling fee before continuing the order.
#2. Confirm Order
Double check the order details. Base charge is the charge for the , Total Charge is the Payment amount including charge for the and the handling fee.
You want to read the disclaimer and click to agree the disclaimer.
#3. Verify personal information
Verify personal your information by filling the required information.
#4. Verify email and Phone number:
A verification code will be sent to your phone for Email Verification
Click on the Verification link in the email.
#5. Click on Continue
After the series verifications, go back to the webpage and click continue.
#6. Enter your CC details
Fill in the credit card info, must use your own card.
#7. Upload your document to verify your identity
Upload your document to verify your identity
It is a valid government issued ID
It contains an expiry date
It contains your date of birth
It contains your name
Document and the picture should be in color
The picture should be in high quality: make sure the photo is not blurry and the lighting is bright enough
All 4 corners of the document should be visible, for example- when you open your passport you will have 2 pages in front of you. Both pages should appear in the photo
It has to be in English
The photo should be in JPG format. PDF will not be accepted
The files must be smaller than 4 MB each
Your transaction will be processed as successful
So, that is how to buy on using Credit cards. If you need more help on this, see also how to buy at Luno
Published at Sat, 13 Apr 2019 03:14:14 +0000