The Binance card is a step towards integrating crypto to everyday use in our society.
Well, as you guessed right, the Binance card is a debit card own by the world’s most popular exchange,
The card was announced on the 15 th of December, 2020 and shipping began in the same period.
Unfortunately, this card isn’t available for all regions but many European countries can count
Countries you can use Binance card include:
Croatia, Belgium, Bulgaria, Austria, Czech Republic, Denmark, Estonia, Finland, France, Germany,
Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta,
Netherlands, Ukraine, Poland, Portugal, Republic of Cyprus, Romania, Russia, Slovakia, Slovenia, Spain,
Sweden, UK, and Norway.
At any time you can check the updated list of countries here.
How to Order for the Card
First, you have to create a Binance account if you don’t have one. The next step is qualifying for the
card. To qualify, you need to be KYC (Know your Customer) level 2 verified. This isn’t some sort of batch
given for being a long-time or active member it just shows how identifiable you’ve made yourself to
Binance. And nothing to worry about as many other financial services are adopting the procedure.
So, how do you get verified?
To be verified open the Binance app, go to menu, and click verify. You’ll be asked to upload a valid ID of
your own together with a proof of address (a utility bill will suffice). It might require more for some
After being KYC level 2 verified, click here to go to Binance card order page then click “Order Card” at
the bottom of the page. Immediately a virtual Binance card is created for you. That’s the first piece that
complements the physical Binance card it can still be funded but of what use when you don’t have the
Back to the physical card, there is no time frame for receiving it as it differs according to your location.
Before we go further you should know the physical card cost $15. After receiving the card you have to
activate it which you can do by navigating to your Binance card dashboard and clicking “Activate”.
How the Binance Card Works
As so many would assume that funds in the Binance account are automatically accessible by the card it’s
not actually the case. The card is empty initially until it’s funded only through the Spot wallet.
Key customization is setting the order of currency you want to start using and the currency that follows
after the above is exhausted. There are other tweaks that can make using the card interesting do well to
Currencies Supported: EUR, BUSD, BTC, SXP, and ETH.
Even though we would so much like to see people paying for services and goods with crypto but that’s
not the case here.
The card converts your cryptos to fiat at the point of sale. The seller doesn’t accept crypto as payment in
the real sense. Yet again, the whole aim of integrating crypto into our daily transactions hasn’t moved a
step further things are still where they were.
We’re all curious to see what happens with this in the near future.