Binance has announced the addition of Czech Crowns (CZK), Bulgarian Leva (BGN), and Romanian Lei (RON) fiat gateways. Having established itself as one of the world’s leading cryptocurrency exchange, Binance keeps strengthening its ecosystem by providing the best features and user-friendly experience to its wide customer base.
— Binance (@binance) January 9, 2020
With the introduction of new gateways, the Binance customers will be able to use their Visa cards for the purchase of BTC, ETH, BNB, and XRP using CZK, BGN, and RON. This has made the exchange expand its operations to a new set of customers dealing in with the newly listed fiat monies. The exchange users will be able to enjoy quick purchases over the network without having the need to deposit the currencies beforehand.
Steps To Access The New Service
The users have to follow a few simple steps to enjoy Binance services:
- Visit the “Buy Crypto” page of the trading platform.
- Select the necessary amount of fiat currency as per your choice and click next.
- Now, choose the “Add a new card” option to link the Visa card.
- After the linking of the card, the users will be able to purchase their desired cryptocurrency tokens.
The Recent Takeaways of Binance Collaborations
The dedicated team of Binance exchange has been keen to expand the business operations by infusing various fiat currencies into the network. The addition of fiat currencies helps the exchange to reach out to more and more customers in a convenient manner. Also, the users get the golden opportunity to trade in their favorite digital currencies in lieu of their fiat money.
In October 2019, Binance added its first fiat currency trading pair focused towards Nigerian customers. The exchange included Nigeria’s native currency Naira (NGN) to the system. To induce more customers, the exchange announced a zero-fee deposit for up to 36,000 NGN for the newly registered customers who deposited NGN via Flutterwave.
To further facilitate crypto trading with fiat currencies, Binance collaborated with Paxful, a leading P2P crypto marketplace. The partnership was aimed to integrate the “Virtual Bitcoin Kiosk” into the network, which allowed the customers to purchase digital currencies using more than 167 fiat currencies. Through the partnership, Binance lent support to an array of fiat currencies, including the Russian Ruble, Vietnamese Dong, Indonesian Rupiah, Mexican Peso, Canadian Dollar, Euro, Argentine Peso, British Pound, Colombian Peso, etc.
Marking the beginning of 2020, Binance collaborated with Thailand’s renowned digital asset exchange, Satang Corporation, to initiate the Thai Baht fiat channel allowing customers to buy crypto from the fiat.
It seems that Binance is all set to enter into various strategic partnerships in 2020 with some of the leading payment interfaces to expand its operations by introducing more and more fiat channels in its ecosystem.