The Binance Card is a new, crypto-based prepaid card that is currently available in select European countries. The card allows users to spend their cryptocurrencies anywhere that accepts Visa, with the added benefit of earning rewards in the form of Binance Coin (BNB) for every purchase made.
The card is currently available in France, Germany, Italy, Spain, and the United Kingdom.
The Binance Card is free to use and does not have any monthly or annual fees. There is a 0.5% fee for each transaction made in a foreign currency, and a 1% fee for each transaction made in BNB.
NOTE: WARNING: The Binance Card is not free. There are associated costs and fees that come with using the Binance Card, such as transaction fees, monthly maintenance fees, and foreign exchange fees. Before using the Binance Card, please read all terms and conditions carefully and make sure you understand all associated costs and fees.
There is also a 1% fee for each withdrawal from an ATM. Overall, the fees are relatively low compared to other prepaid cards on the market.
The biggest advantage of the Binance Card is that it allows users to spend their cryptocurrencies anywhere that accepts Visa. This is a major benefit for those who want to use their cryptocurrencies for everyday purchases but do not want to go through the hassle of converting them into fiat currency first.
Additionally, the card earns rewards in the form of BNB for every purchase made, which can be used to offset some of the fees associated with using the card.
Overall, the Binance Card is a great option for those looking for a prepaid card that allows them to spend their cryptocurrencies anywhere Visa is accepted. The fees are relatively low and there are no monthly or annual fees.
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