Cryptocurrency exchange Binance has introduced Binance Card to allow users to shop using cryptocurrencies.

The Binance Card works like a regular payment or debit card issued by the bank.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

To use the card, users first need to top-up their card by transferring funds through the Binance Card App in the form of Bitcoin or BNB.

Binance has chosen Visa as its card issuer and the new card is accepted by over 46 million merchants online and offline across 200 regions and territories.

The card users can buy gifts, shop for groceries, and pay internet bill online using the Binance Card.

The card also eliminates the need to sell the cryptocurrency to pay bills.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Binance Card is currently available as a virtual card in a beta version.

A physical card will be launched in the next few weeks, first in Malaysia than in Vietnam and other countries for new and existing customers.

Customers can order the card for a one-time cost of $15, payable in the form of initial top-up from the crypto wallet to the Binance Card balance.

How it works

Users can use and control the new card within the interface of one app.

Dubbed Binance Card App, the app allows users to manage their funds, card security, and spending with only a few taps.

The app will be available soon, the company said in a release.