{"id":97653,"date":"2019-01-31T22:45:50","date_gmt":"2019-02-01T06:45:50","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=97653"},"modified":"2026-04-20T07:02:19","modified_gmt":"2026-04-20T06:02:19","slug":"binance-enables-credit-card-payments","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/binance-enables-credit-card-payments\/","title":{"rendered":"Binance Enables Credit Card Payments, Easier Access to Crypto Worldwide"},"content":{"rendered":"

Binance<\/a>, the leading cryptocurrency exchange by volume, has enabled users to purchase crypto via credit card<\/a> directly on the platform. The move allows for Binance\u2019s global user base to more easily purchase cryptocurrency.<\/p>\n

The new feature is enabled by Binance\u2019s new partnership with Simplex<\/a>, an Isreali-based credit card payments processing company. Using Simplex, users on Binance can use Visa or Mastercard to purchase Bitcoin<\/a>, XRP<\/a>, Ethereum<\/a>, Litecoin<\/a>, Stellar<\/a>, and NEO<\/a>.<\/p>\n

Changpeng Zhao, or CZ, the CEO of Binance had this to say about the integration:<\/p>\n

\u201cWe want to provide Binance traders with fast and easy access to crypto, in the most secure way possible. Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On Binance.com, you can now buy crypto with credit cards and start trading in minutes.\u201d<\/p><\/blockquote>\n

Meanwhile, Nimrod Lehavi, the co-founder and CEO of Simplex said:<\/p>\n

\u201cEasy and fast credit card payments, for mainstream users, is a key factor in wider adoption of crypto in general. We\u2019re thrilled to partner up with Binance and together enable a much better, fast and easy experience.\u201d<\/p><\/blockquote>\n

Difficulty Implementing Credit Card Payments<\/h2>\n

One of the reasons that some exchanges charge a high fee for processing credit cards, or refuse these payments altogether, is\u00a0chargeback risk<\/a>. In extreme cases, there are instances where fraudsters gain unauthorized access to a credit card and purchases crypto. Once the owner of the card regains control, credit card companies will issue a chargeback and sometimes pass the cost on to the merchant.<\/p>\n

Simplex solves this problem through \u201cguaranteed fraudless payment processing.\u201d Unlike some credit card companies, Simplex will absorb any costs related to chargebacks.<\/p>\n

Binance\u2019s Recent Traction<\/h2>\n

Recently, Binance has been on a spree of strategic moves. Binance recently launched two fiat-to-crypto exchanges, with Binance.je<\/a> supporting the trading of Euros and British Pounds with crypto, and Binance Uganda<\/a> supporting Ugandan Shillings. Binance\u2019s revamped Launchpad<\/a> successfully facilitated the BitTorrent ICO<\/a>, one of the largest of the year, and the exchange announced a\u00a0new DEX<\/a>\u00a0aimed at solving Ethereum's scaling issues.<\/p>\n

\u201cThe crypto industry is still in its early stages and most of the world\u2019s money is still in fiat. Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users,\u201d said CZ.<\/p><\/blockquote>\n

Unencumbered by stringent regulations or looming security threats, it seems likely that Binance will retain its position as a leading crypto exchange in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance, the leading cryptocurrency exchange by volume, has enabled users to purchase crypto via credit card directly on the platform. The move allows for Binance\u2019s global user base to more easily purchase cryptocurrency. The new feature is enabled by Binance\u2019s new partnership with Simplex, an Isreali-based credit card payments processing company. Using Simplex, users on […]<\/p>\n","protected":false},"author":29,"featured_media":24321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,39,60208],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nBinance Enables Credit Card Payments, Easier Access to Crypto Worldwide<\/title>\n<meta name=\"description\" content=\"Binance, the leading cryptocurrency exchange by volume, has enabled users to purchase crypto via credit card directly on the platform\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/binance-enables-credit-card-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Enables Credit Card Payments, Easier Access to Crypto Worldwide\" \/>\n<meta property=\"og:description\" content=\"Binance, the leading cryptocurrency exchange by volume, has enabled users to purchase crypto via credit card directly on the platform\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/binance-enables-credit-card-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-01T06:45:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-20T06:02:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/binance-growth-facebook.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mitchell Moos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Binance Enables Credit Card Payments, Easier Access to Crypto Worldwide\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mitchell Moos\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/binance-enables-credit-card-payments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/binance-enables-credit-card-payments\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/#person\",\"name\":\"Mitchell Moos\",\"url\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/11\/author-mitchell-moos.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/11\/author-mitchell-moos.jpg\",\"caption\":\"Mitchell Moos\"},\"jobTitle\":\"Contributing Analyst\",\"description\":\"Mitchell is a software enthusiast and entrepreneur. 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