Binance, Exchanges

Does Binance Charge Fees for Debit Card?

Binance, the world’s largest cryptocurrency exchange by trading volume, does not charge fees for using a debit card to purchase cryptocurrencies.

The popular exchange has been working on expanding its services to include fiat-to-crypto trading pairs since last year. In September 2018, Binance announced that it would be launching its own decentralized exchange (DEX), and earlier this year it debuted its over-the-counter (OTC) trading desk.

While Binance does not currently offer crypto-to-fiat pairs on its main exchange, it does allow users to buy cryptocurrencies with a debit card on its OTC platform. The process is simple: users just need to create an account on Binance OTC and link their debit card.

NOTE: WARNING: Binance does charge fees for debit card transactions. Before making any transactions with a debit card on the Binance platform, please ensure that you are aware of all associated fees and charges.

Once the card is linked, they can select the amount of crypto they want to buy and make the purchase.

Binance doesn’t charge any fees for using a debit card to buy cryptocurrencies on its OTC platform. However, users should be aware that the prices on OTC platforms are often higher than those on exchanges because the platforms match buyers and sellers who are willing to trade at a certain price.

While Binance doesn’t currently charge any fees for using a debit card to purchase cryptocurrencies, that could change in the future. For now, though, users can take advantage of the platform’s fee-free service to buy cryptocurrencies with their debit cards.

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