![]() ![]() ![]() If you’re eligible, you can order a physical card or a digital card once you’ve registered an account with Binance Exchange and passed identity verification. While it’s not currently available in the U.S., the Binance Card is available for EEA residents. As Binance will only convert when you are making a payment, you can HODL your crypto assets until then. The Binance Card is a virtual and physical VISA debit card that allows you to withdraw money or pay for everyday purchases with the cryptocurrency holdings in your Funding Wallet. In this review, we’ll take a look at the Binance Card and cover all of the details on its features, fees, and usage below so that you can decide whether or not it’s right for your needs! We will also introduce the world’s first NFT card if you are looking for other crypto debit card alternatives. It also works similarly to a typical debit card (or credit card), in which you can make purchases and get cash from ATMs. The Binance Card is issued by Visa, so it’s accepted anywhere Visa is accepted. Regarding withdrawing fiat currencies, CEX.IO offers three fiat withdrawal options while Binance once again offers many more withdrawal options for the 26 fiat currencies that it supports.The Binance Debit Card is a crypto debit card that lets you convert your crypto assets into fiat with ease. However, both exchanges have different fees and requirements for each method. ![]() Cex.Io supports fiat deposits for USD, EUR, and GBP, while Binance supports an impressive 26 different fiat currencies. When it comes to depositing fiat currencies on the exchanges, both exchanges do a good job offering a range of fiat currencies and deposit methods. Binance charges a spot maker fee of 0.1% and a spot taker fee of 0.10% which is quite a bit lower than CEX.IO maker and taker fee of 0.15% and 0.25%. In terms of trading fees, both exchanges offer competitive rates that can be lowered even further with higher trading volumes. When it comes to the signup process and KYC requirements, both CEX.io and Binance requires their users to verify their identity through a KYC process before they can trade on the platform. Cex.Io offers support for over 130 cryptocurrencies and has over 4 million registered users around the world, while Binance is available in 186 countries and has a massive userbase of over 120 million registered users. In conclusion, Cex.Io and Binance are two of the most popular cryptocurrency exchanges in the market today, each with its own unique features and services to offer. Withdrawing Ethereum has a higher fee on CEX.IO at 0.006 ETH versus 0.000768 ETH on Binance. ![]() For example, withdrawing Bitcoin on CEX.IO comes with a 0.0005 BTC fee, while on Binance it's 0.0002 BTC. When it comes to withdrawing cryptocurrencies on both exchanges, there are different fees involved depending on the blockchain. If you withdraw with SEPA you pay way less as the fee is only 1 EUR. You can expect to pay a 1.8% withdrawal fee for fiat withdrawals made with Visa or Mastercard. Now let's look at Binance's fiat withdrawal methods which among other include USD via SWIFT, EUR via SEPA, and GBP via Faster Payments (FSP). If you prefer to use a credit or debit card, you can expect to pay a commission of up to 1.8%-3%. The fees for fiat withdrawals are 2.99 USD or EUR and 2.99 GBP for Faster Payments. While the withdrawal fees for fiat currencies can be high on some exchanges, CEX.IO keeps things relatively affordable with a range of options. When it comes to withdrawing fiat currencies from exchanges, it's important to weigh the options and consider the fees involved.ĬEX.IO offers three fiat withdrawal options with SWIFT or Wire Transfer for USD, EUR via SEPA and GBP via Faster Payments. ![]()
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