Binance adds credit card support

Leading cryptocurrency exchange Binance has announced a partnership with payment processing company Simplex. The partnership has enabled one of the most awaited features on the exchange – trading crypto with debit and credit cards directly. This move will allow more Binance users to access cryptocurrencies across the globe conveniently. 

Changpeng Zhao, CEO of Binance, said in the official release:

Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On, you can now buy crypto with credit cards and start trading in minutes.”

With Simplex, Binance users can now buy Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) directly through Visa and Mastercard. Binance users can further trade more than 150 different coins available on its platform.

Nimrod Lehavi, Co-Founder and CEO of Simplex, added:

“Easy and fast credit card payments, for mainstream users, is a key factor in wider adoption of crypto in general. We’re thrilled to partner up with Binance and together enable a much better, fast and easy experience,”

Binance has been extremely aggressive towards its expansion plans recently and has set up two fiat-to-crypto exchanges, one in Jersey Island and the other one in Uganda

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