With the evolution of the cryptocurrency ecosystem, the function of cryptocurrencies has exceeded being an investment or speculation tool to become a real payment method used in daily life. The Binance platform has provided a practical link through tools like the Binance Card, enabling users to spend their balance directly without needing to convert it into traditional cash.
1. What is the Binance cryptocurrency card?
It is a physical payment card issued by Binance in collaboration with the Visa network, allowing you to pay at millions of stores worldwide, whether online or directly at POS. The amount is deducted directly from your Binance account, using cryptocurrencies like (BTC), (ETH), ($BNB ) or even (USDT).
2. How much does it cost to obtain the card?
Issuance fees: Often free, or with nominal fees (varies by country).
Delivery fees: In some countries, it does not exceed $20 to $25, and sometimes it is free in Europe.
Transaction fees: Usually, there are no fees when paying if the transaction is in the same currency. However, in the case of currency conversion, simple instant conversion fees may apply (between 0.1% and 0.9%).
3. What can you buy? And where?
Electronics: Through stores like Amazon (via gift cards), Newegg, Geekbuying.
Travel bookings: Websites like Travala accept direct payment in cryptocurrencies for booking hotels and flights.
Digital subscriptions: such as Netflix, Spotify, and video games through platforms that accept crypto payments or through gift cards loaded from your balance.
Food and drink: In some countries, local restaurants and shops have started accepting cryptocurrency payments using the card or through wallet apps.
Professional services: Freelance websites like Bitwage and Cryptogrind allow direct payment and transactions in cryptocurrencies.
4. Are there other alternatives to the Binance card?
Yes, there are other platforms that allow linking with Binance balance such as:
Crypto.com Card: Works on the same idea as Binance Card and supports a larger number of currencies.
BitPay: A card and electronic wallet that can be linked to Binance and converted for payment.
Binance Pay: An internal method between Binance users that allows you to send and receive currencies without fees.
5. Can the card be used locally in Arab countries?
In some countries like the UAE, the card is widely accepted, especially in hotels and major shopping centers. In countries like Morocco or Algeria, direct payment is limited, but the card can be used online normally.
6. Tips for usage:
Monitor the exchange rate before payment, as it may vary depending on the timing of the transaction.
Ensure that you have the correct currency in your balance (such as USDT$ or BTC$) to avoid automatic conversion fees.
Enable 2FA authentication on your account to protect transactions.
Use trusted apps that accept Binance Pay or Binance Card to avoid fraud.
Summary of the process:
Through Binance's modern tools, you can easily use your balance to pay your bills, shop, travel, or subscribe to digital services. The world is gradually shifting towards a decentralized digital economy, and paying from your Binance balance is no longer a dream but a reality available to everyone, starting from holders of ($BTC ) and ($ETH ) to stablecoin holders.
