It is now possible to buy bitcoin and other cryptocurrencies easily on Binance, even with euros and other fiat currencies.
Binance provides a wide variety of fiat currencies with which you can make purchases easily and quickly, in a very cheap way, using both credit/debit cards and SEPA bank transfer.
In order to use this function, it is sufficient to click on the button “Buy now”, after registering and completing the identity verification procedure.
The purchase can be made using EURO, or dozens of other fiat currencies, and it is possible to buy bitcoin and a myriad of other cryptocurrencies, including ETH, XRP, BCH, ADA, and others.
The cost of such card purchases is unusually low. In fact, Binance charges only 1% commission for these purchases, while other exchanges usually charge 3% or more.
It is now also possible to withdraw euros, or other fiat currencies, from Binance to your bank account, by SEPA bank transfer, or to a Visa card.
To access this functionality, simply click on “Withdraw” within the spot wallet.
Both procedures are very quick and easy, and are easily accessible from the menu items “Buy Crypto”, or “Wallet / Wallet spot”. There is also a short guide with video tutorials on how to do this.
Compared to other exchanges, Binance offers a really wide range of trading pairs, as well as fiat currencies with which to buy.
Hence, after buying cryptocurrencies, e.g. paying in euros, it is possible to exchange them for hundreds of other cryptocurrencies, in thousands of trading pairs, including BTC/USDT, ETH/USDT, ETH/BTC, and many more.
Furthermore, the exchange is very easy to use thanks to the Lite version of the App, which can be activated directly within the App once installed. The Lite version allows for a more streamlined, easier and faster operation, but still makes it possible to return to the full operation of the App at any time.
Another interesting feature is the possibility of easily staking the cryptocurrencies held within the spot wallet, thanks to a quick and very simple procedure, in order to obtain returns thanks to DeFi.