How to Simply Buy Cryptocurrencies on Binance Using Credit Card using 5+1 Steps

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As stated on their website, Binance announced a partnership with leading payment processing company Simplex, enabling users to buy cryptocurrencies with their credit cards directly on Binance.com.

Simplex is a FinTech 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, Binance is supporting broader use and accessibility of cryptocurrency worldwide.

Well, I did not believe until I saw it live. The feature is live now at https://www.binance.com/en/creditcard/.

Remember that you can also use Fiat (USD, GBP, and EUR) to buy altcoins at Binance Jersey – an extension of Binanc.com.

 

But before we see how to buy cryptocurrencies on Binance using a credit card, let’s talk about Stablecoin – USDS. This is the guide on it.

Have you had any success in your holding coins? If no, then, see these coins for insight. And lastly, you can use any of these tools to automate trading – beat the market using a twist.

 

Restricted Countries List On Binance For Credit Card Purchase

Afghanistan

China (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.

All right. I am confidence that you know more about the Top Blockchain Countries and Usages in part. Now, let’s see how to purchase on Binance using your credit card.

 

Buying Cryptocurrencies on Binance Using a Credit Card in 6 Steps

 

#1. Click Funds, select Simplex, then choose the token 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 cryptocurrency, Total Charge is the Payment amount including charge for the cryptocurrency 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

More Reads: 

5 ways to play safe & win massively like the cryptocurrency whales

16 Most Disastrous Crypto/Bitcoin Price Predictions – 15 Whales Predict & fail.

 

So, that is how to buy cryptocurrencies on Binance using Credit cards. If you need more help on this, see how to buy at Luno and other places near you.

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Isuamfon Offiong

I am Offiong Isuamfon. I Value People 100% Over Profits. After being scammed my last BTC, I HAD to "Delete ALL my Articles" on 19th June 2018 to start ALL OVER AGAIN to protect Beginners against Crypto Vulnerabilities & Making Unsmart Investments in the Crypto/Blockchain Tech. More on meet-the-founder-page

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