Binance Users Can Now Buy Crypto Using Debit Cards in 5 New Fiat Currencies

Published at: April 10, 2020

Cryptocurrency exchange Binance is enabling citizens in five further countries to buy cryptocurrency using Visa debit and credit cards with their national fiat currencies.

The new service, announced April 10, will extend card support for the Colombian peso, the South Korean won, the Kenyan shilling, the Kazakhstani tenge and Peru’s neuvo sol.

At launch, a total of five cryptocurrencies are available for purchase: Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), XRP, Binance USD (BUSD) and Tether (USDT).

A busy month

Binance’s announcement — evidently a positive step for its international user base — follows shortly after the exchange was yesterday prompted to respond to allegations by one of its users that the exchange had illegitimately blocked access to his account containing close to $1 million in crypto.

The accusation, framed as alleged embezzlement on behalf of the exchange, was rebuffed by Binance. It clarified that South Korean authorities had called for the user’s assets to be frozen as they had allegedly received 3,995 Ether (ETH) through a listing fee scam. The exchange later shared evidence with Cointelegraph that appears to contradict the user’s claims.

Binance has also this month announced its acquisition of stalwart crypto data site CoinMarketCap. The exchange’s CEO, Changpeng Zhao, stressed that the site will continue to maintain its independence under the terms of the deal.

Tags
Business
Cryptocurrency Exchange
Binance
South Korea
Kenya
Kazakhstan
Peru
Colombia
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