What is Binance Card on Binance?

Key Points

• Binance Card is a contactless payment card that allows users to spend cryptocurrencies directly at merchant locations worldwide.
• It is issued in partnership with Mastercard and supported by the Binance Pay ecosystem.
• The card offers cashback rewards and zero transaction fees for crypto payments.

What is Binance Card

Binance Card is a physical debit card that enables users to seamlessly convert their cryptocurrencies into fiat currency and make purchases at over 90 million Mastercard-accepting merchants globally. It is powered by the Binance Pay ecosystem and allows users to manage their card and crypto portfolio from within the Binance app.

How to Get a Binance Card

• Sign up for a Binance account if you don't already have one.
• Complete KYC verification by providing personal information and identity documents.
• Apply for the Binance Card by providing additional information such as your address and contact number.
• Once approved, your Binance Card will be physically delivered to your registered address.

Using Binance Card

• Load your Binance Card with cryptocurrencies from your Binance account.
• Make contactless payments at any Mastercard-accepting merchant.
• The card will automatically convert your cryptocurrencies into fiat currency at the prevailing market rate.
• You can also use the Binance Card to withdraw fiat currency from ATMs.

Benefits of Binance Card

• Convenience: Spend cryptocurrencies directly at merchant locations without the need for manual conversions.
• Cashback rewards: Earn cashback in the form of cryptocurrencies for every purchase made with the card.
• Zero transaction fees: No charges for crypto payments, making it cost-effective to use.
• Security: Binance Card uses advanced security measures such as chip-and-pin technology and follows industry-leading security protocols to protect user funds.

Troubleshooting Binance Card

• If your Binance Card is lost or stolen, report it immediately to Binance and Mastercard to freeze the card and prevent unauthorized use.
• In case of any issues with the card, contact the Binance Support team for assistance.

FAQs

• Q: What cryptocurrencies are supported by Binance Card?A: Binance Card supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Litecoin (LTC), and many more.
• Q: Can I use Binance Card to pay for online purchases?A: Binance Card is currently only compatible with physical payments at Mastercard-accepting merchants. Online payments are not yet supported.
• Q: Are there any limits on how much I can spend with Binance Card?A: Binance Card has spending limits that vary depending on the user's account level and the applicable regulations in their jurisdiction.
• Q: What countries is Binance Card available in?A: Binance Card is available in over 20 countries, including the United Kingdom, France, Italy, Germany, and many more. The list of supported countries continues to expand.
• Q: How do I activate my Binance Card?A: Once you receive your Binance Card, you can activate it within the Binance app by entering the activation code provided on the card.