Binance, Exchanges

Does Binance Use Plaid?

Binance, one of the world’s largest cryptocurrency exchanges, does not use Plaid. Binance instead uses a company called Simplex to process credit and debit card transactions.

Simplex is a financial services company that provides payment processing solutions for businesses. The company is based in Israel and was founded in 2014.

Simplex has processed over $1 billion in transactions and is backed by leading venture capital firms such as Accel, Ribbit Capital, and Bessemer Venture Partners.

NOTE: WARNING: Binance does not use Plaid. Plaid is an online platform for connecting your bank account to financial services, and there is no integration between the two platforms. Please be aware that attempting to use Plaid with Binance may result in fraudulent activity or other security risks.

Simplex allows Binance to accept credit and debit card payments from users around the world. The company charges a 3.

5% fee for each transaction.

Binance is one of the most popular cryptocurrency exchanges in the world and is frequently ranked as the top exchange by trading volume. The exchange has a wide variety of digital assets available for trading, including popular coins such as Bitcoin, Ethereum, Litecoin, and XRP.

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