does binance offer a debit card

Binance offers a debit card called the Binance Card, enabling users to convert crypto to fiat or pay directly with supported cryptocurrencies with low fees and high cashback rewards.

Nov 02, 2024 at 05:55 pm

Does Binance Offer a Debit Card?

Yes, Binance offers a debit card called the Binance Card.

1. Features:

• Fiat and Crypto Support: Convert crypto to fiat or pay directly with supported cryptocurrencies.
• Low Fees: Zero monthly or annual fees, and low transaction and withdrawal fees.
• Global Acceptance: Use anywhere that accepts Visa cards.
• Crypto-Back Rewards: Earn up to 8% cashback in BNB on eligible purchases.
• Security: Protected by Binance's advanced security measures, including FDIC insurance for up to $250,000.

2. Eligibility:

• Binance account level 2 or higher
• Address in one of the supported countries (including the United States, Europe, and others)

3. How to Apply:

• Go to the Binance Card page on the Binance website or mobile app.
• Click "Apply Now" and follow the instructions.
• Provide your KYC information and wait for approval.

4. Usage:

• Once approved, you will receive a physical Binance Card by mail.
• Link it to your Binance account and convert crypto to fiat or use supported cryptocurrencies for purchases.
• Manage your card and track spending through the Binance app.

5. Fees:

• No monthly or annual fees: Free to use and hold.
• Transaction fees: Variable fees depending on the transaction type and currency, typically around 0.1-0.99%.
• Withdrawal fees: Flat fee of $1.59 for ATM withdrawals and $0.50 for withdrawals from banks.

6. Note:

• Binance Card is currently in limited rollout and may not be available in all regions.
• It only supports certain cryptocurrencies, including BTC, BNB, ETH, and BUSD.
• The Binance Card is a debit card, not a credit card, and you cannot spend more than the available balance in your Binance account.