cryptodailytrading.com

Binance Now Allows You to Buy Bitcoin and Three Major Altcoins with Credit Card

  • Alex Morris
    📰 News

    Binance is determined to prove who’s the number one exchange on the block by debuting credit and debit card payments


Binance Now Allows You to Buy Bitcoin and Three Major Altcoins with Credit Card
You may also like:
Contents

For those who are only dipping their toes into the cryptocurrency space, Binance can now serve as an entry-level option. The biggest exchange in the world by daily trading volume has just enabled credit and debit card payments for Bitcoin and three major altcoins – Ethereum (ETH), XRP (XRP), and Litecoin (LTC).

👉MUST READ Crypto Monster Binance to Launch Joint Stablecoin Trading Platform
Crypto Monster Binance to Launch Joint Stablecoin Trading Platform

Fast and cheap payments?   

The exchange’s press release states that the addition of the new payment option was possible because of a partnership with an Israel-based startup called Simplex. Cryptocurrency exchanges that collaborate with Simplex can seamlessly purchase digital assets via credit card.

The transactions will be conducted within minutes with a 3.5 percent fee. Both Visa and MasterCard are accepted on the exchange. Not all users, however, were delighted, with some complaining about high fees.


A blow to Coinbase

Binance users are now able to purchase XRP on the Binance exchange with fiat money, while Coinbase has yet to embrace the second biggest currency. Earlier, Binance also listed XRP as a base pair.

Coinbase remains the most popular exchange both with desktop and mobile users, but Binance’s foray into the fiat niche could put an end to its dominance. On Jan. 16, Binance also launched its EUR/GBP fiat exchange.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
👓 Recommended articles

Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
You may also like:
Contents

It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

👉MUST READ Bitcoin’s Price Rally Was Accurately Predicted by Anonymous 4chan Poster. $16,000 in October?
Bitcoin’s Price Rally Was Accurately Predicted by Anonymous 4chan Poster. $16,000 in October?

Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

👉MUST READ This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee
This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee

Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

'Bitcoin symbol and graph.Vector illustration.' image by 123rf https://ru.123rf.com/photo_69329295_bitcoin-symbol-and-graph-vector-illustration-.html?term=bitcoin&vti=njv6v7w01tymanucm1-1-82
Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!
👓 Recommended articles