tl;dr
Binance has partnered with Paymonade to allow users to sell crypto directly to credit and debit cards. This service enables seamless conversion of crypto holdings to local currencies, deposited directly into the user's bank card. Users need to complete account verification and pass Paymonade’s proce...
Binance has partnered with Paymonade to allow users to sell crypto directly to credit and debit cards. This service enables seamless conversion of crypto holdings to local currencies, deposited directly into the user's bank card. Users need to complete account verification and pass Paymonade’s process to access this service, which will be gradually rolled out globally.
Leading crypto exchange Binance has streamlined offerings on the crypto trading platform by partnering with Paymonade, a top-notch crypto payment technology solution, to facilitate direct crypto selling for users. Notably, the trading platform now permits users to sell crypto directly to credit and debit cards.
According to an official announcement by Binance dated October 24, the crypto exchange is announcing a service that allows users to sell crypto directly to credit/debit cards (VISA/Mastercard). This service allows users to seamlessly sell and convert their crypto holdings to local currencies, which are then deposited directly into their bank’s card. However, users first need to complete account verification and pass Paymonade’s verification process to avail the abovementioned service. Further, Binance notified that the service is to be gradually rolled out to users across the globe.
For context, a user can sell cryptocurrencies directly to a debit or credit card by navigating to the ‘Sell Crypto’ page on the platform. Thereafter, the user can select ‘Paymonade (VISA/Mastercard)’ and click ‘confirm’ to place a sell order. However, as mentioned above, the service will only be available after security verification on the crypto trading platform and after integrating one’s Visa or Mastercard card via the Paymonade page. Once done, users can receive funds in their respective Visa cards, the announcement concluded.
Meanwhile, the exchange has continued to revolutionize other trade offerings for users, further solidifying its positioning within the sector. Notably, Binance recently rolled out a stockpile of crypto token listings in an effort to tap into emerging markets and offer its users enhanced options regarding the same. CoinGape Media reported the exchange to have rolled out Simon’s Cat perpetual listing recently, urging a 40% pump in CAT price. Notably, the token has gained roughly 65% to date. Simultaneously, in another mover, the crypto exchange delisted four cryptos, sparking further market discussions globally.
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