Binance Starts Shipping its Bitcoin Visa Cards in Europe

Residents of the European Economic Area can now order Binance Cards—or complete a previously started delivery process.

2 min read

Dec 15, 2020

Cryptocurrency exchange Binance has started shipping its crypto Visa cards to customers in the European Economic Area, the company announced today.

Per the announcement, Binance Card will allow users to spend up to €8,700 and retrieve up to €290 at ATMs per day. Additionally, cardholders will be eligible for up to 8% cashback on their purchases—although you have to be a whale and hold a significant amount of Binance Coins to fully enjoy this offering.

Among other perks of its physical card, Binance listed the fact that it’s free and will have zero fees until 2021. Plus, the exchange claims it’s ostensibly the “coolest card in your wallet.”

Binance also announced that its physical cards now support Ethereum.

“Rather pay with your Ethereum profits? From now on, you can buy the things you love with Ethereum. Simply transfer Ethereum to your Card wallet and drag it above the other coins to make it the preferred payment asset,” the exchange noted.

As Decrypt reported, Binance acquired Swipe, a multi-currency digital wallet and Visa debit card platform, boosting its plans for a crypto debit card in July.

However, previous Swipe users have discovered today that their already existing card wallets are not compatible with Binance Card. The exchange later confirmed and explained this.

“Very sorry to say but it is not possible to have the Binance Card & Swipe as it has the same issuing bank,” said Binance Nederlands, adding, “Either stop with Swipe and switch or stay with Swipe!”

Bitcoin cashback rewards platform Fold has also begun shipping its physical crypto debit cards—similarly created in partnership with Visa. But for now, it’s only available in the US.

Get crypto news straight to your inbox--

sign up for the Decrypt Daily below. (It’s free).

Get Email!

Gary Gensler Is Leaving the SEC, But Robinhood Exec Dan Gallagher Doesn't Want the Job

Robinhood Chief Legal Officer Dan Gallagher isn’t interested in serving as the next chairman of the Securities and Exchange Commission (SEC), expressing content with his current role at the popular investing platform. "It is always an honor to have your name in the mix for an incredibly important job like SEC Chairman,” Gallagher told Decrypt in a statement. “However, I have made it clear that I do not wish to be considered for this position.” Gallagher’s statement follows SEC Chair Gary Gensler...

Dogecoin Rising as Bitcoin Nears $100K—But XRP and Other Alts Are Hotter

Bitcoin may still be trying to break the long-anticipated $100,000 per coin mark after a few close calls over the last day, but various altcoins are on the rise—including Dogecoin. One of them is Dogecoin, the seventh biggest coin by market cap. It hit $0.4126 early Friday afternoon, the highest mark seen in over a week, with its daily gain at nearly 7% at the current price of $0.4114. DOGE is now up almost 15% on the week. The original meme coin had slowed down its run in recent days after skyr...

Polymarket Blocks Users in France After Trump Betting Controversy

After weeks of escalating tensions between Polymarket and the French government, the popular prediction betting market opted to block France-based users on Friday—cutting out a major market for the site. Users attempting to access the site from France today found a new pop-up preventing them from doing so. “You appear to be located in the United States, France, or another related jurisdiction,” the new pop-up reads. “Trading is not available to U.S. persons, persons located in the United State...