Yesterday, Binance announced support for three additional fiat currencies thanks to a new partnership with Advcash.
Advcash, or Advanced Cash, is a payment platform that combines prepaid cards, crypto, and fiat features. It has e-wallets in multiple currencies, which allow for easy withdrawals and deposits, regardless of nationality.
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Binance Expands its Selection of Supported Fiat Currencies
Thanks to this new partnership, Binance will now also support EUR, RUB, and KZT, in addition to UAH, which was already added to the exchange’s fiat support basket earlier. This will allow users owning the above currencies to deposit in the exchange’s wallet via bank cards, credit cards, or Advcash’s own wallet.
Once the funds find their way to the Binance wallet, users will be able to purchase cryptocurrencies directly, with a single click.
According to Binance‘s announcements, the new move will bring a number of benefits, including zero deposit fees for any of the four fiat currencies if users deposit them via Advcash Wallet. Other benefits include increased speed, easy access, as well as the ability to buy BTC, ETH, and XRP directly.
About One-Click Buy/Sell function
As mentioned, users will be able to buy cryptocurrencies with their newly supported fiat money with a single click. This is possible due to Binance‘s One-Click Buy/Sell feature, which lets users buy or sell coins more conveniently than ever before.
According to the exchange, there is no need to review complex charts and examine order types. All that users need to do is take a look at the coins’ real-time prices and execute trades directly.
As mentioned, the function only supports the purchase or sale of the top three largest cryptocurrencies, BTC, ETH, and XRP.
What do you think about Binance’s new ‘fiat currency support’ move? Let us know your thoughts in the comments below.
Images via Bitcoinist Media Library
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