Binance Ruble Deposit Launched

Tue, 11/05/2019 - 14:43
Vladislav Sopov
Binance, top-tier centralized exchange, launches Russian Ruble fiat gateway. Through AdvCash payment provider, the Chinese giant offers direct deposits and withdrawals.
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Following a recent Moscow visit by Binance's CEO Changpeng Zhao, Binance started to offer direct deposits and withdrawals of Russian Rubles. Users can now transfer money with their debit cards, credit cards, or from AdvCash accounts, which acts a new payment service

Binance Ruble: Major Benefits

One can trade seamlessly in Russian Rubles on Binance without the hassle of fees, especially when it comes to making deposits. The system also does not charge a fee for buying or selling cryptocurrencies for Rubles in a "one-click buy or sell" option. As for today, users are able to purchase BTC, ETH, and XRP using this instantaneous function.

Trading with a Key Market

This move by Binance perfectly falls into the context of Zhao's warm rhetoric about the prospective Russian market. At the recent meetup in Moscow, Zhao called Russia "...key market, one of the most active markets in the global blockchain space", and characterized Russia's upcoming crypto bill as "a good thing for the industry".

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)

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