Binance To Accept Credit Card Payments for Cryptocurrency Purchases Using Simplex Processor
By Mark Lemon – Cryptocurrency Dealer
The global cryptocurrency exchange, Binance, has added the option to buy crypto using credit card with the help of the payment processor Simplex. The company’s CEO, Changpeng Zhao has said the company “want to provide Binance traders with fast and easy access to crypto, in the most secure way possible.” He would like his customers to have the opportunity to buy digital assets with a credit card, then they will be able to start Bitcoin trading within minutes.
Zhao went on to say, “the crypto industry is still in its early stages and most of the world’s money is still in fiat.” He is aware that fiat gateways are vital for the growth of the financial ecosystem particularly with buying and selling Bitcoin. Now in partnership with Simplex, Zhao has stated that for mainstream users, credit card payments are a key factor in the expansion of crypto in general.
In the press release it said that using a credit card, you are now able to buy Litecoin, Ethereum, Bitcoin and Ripple (XRP). Binance has also launched its Bitcoin over the counter trading desks to support larger transactions in January 2019, which offers services for trades worth around 20 bitcoins and more.
The company’s website says that the credit card purchase time to buy cryptocurrency takes around 10 to 30 minutes to reach your wallet. Their fees range from 3.5% per transaction or 10 US dollars depending what is higher and accepts Visa and Mastercard. Don’t forget you can still buy crypto UK from our platform by using the following link here.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards