Binance is teaming up with payment processing provider Simplex to enable more people to buy Bitcoin (BTC), Ethereum (ETH), XRP and other cryptocurrencies using their local fiat currency.
With Binance’s new partnership, the crypto exchange giant now accepts payments in 15 new currencies.
- Pound sterling (GBP)
- South Korean won (KRW)
- Russian ruble (RUB)
- Australian dollar (AUD)
- Swiss franc (CHF)
- Czech koruna (CZK)
- Danish krone (DKK)
- Norwegian krone (NOK)
- New Zealand dollar (NZD)
- Polish z?oty (PLN)
- Swedish krona (SEK)
- Turkish lira (TRY)
- South African rand (ZAR)
- Hungarian forint (HUF)
- Israeli Shekel (ILS)
With the addition of the new fiat currencies, Simplex is helping Binance users save money by eliminating bank fees and conversion rates that card companies charge. On average, Simplex users save between 2 – 3% on currency conversion by “facilitating affordable fiat-crypto and crypto-fiat swaps.”
In a statement, Simplex chief executive Nimrod Lehavi says,
“Having a multitude of fiat currencies to choose from allows everyone to enjoy a better experience when buying crypto.”
Binance also accepts direct credit and debit card payments using the euro (EUR), US dollar (USD), Japanese yen (JPY), and Canadian dollar (CAD).
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Gurudev
