Binance Partners With Paymonade Streamlining Direct Crypto Selling

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As a seasoned crypto investor with years of experience navigating the volatile and ever-evolving digital asset landscape, I find myself increasingly impressed by Binance’s strategic moves to refine its offerings and cater to the growing needs of its user base.

Binance, a prominent cryptocurrency exchange, announced on Thursday an important update for its users. They’re simplifying their offerings on the platform by partnering with Paymonade, a highly-regarded crypto payment technology company. This collaboration allows users to sell cryptocurrencies directly using credit and debit cards.

Binance Offers Direct Crypto Selling, Refining Platform Offerings For Users

As per a statement released on October 24th by Binance, they are introducing a new feature enabling users to instantly sell cryptocurrencies using Visa or Mastercard credit/debit cards. This innovative service is made possible through their strategic collaboration with Paymonade.

As a crypto investor, I’ve found it incredibly convenient that this leading exchange now enables me to swiftly sell my cryptocurrencies for local currencies, which are immediately transferred to my bank card. This move by the exchange has simplified the process of converting cryptos, attracting users from around the world. However, before enjoying this service, it’s necessary to complete an account verification and pass Paymonade’s verification process.

Additionally, Binance announced that they will progressively make this service available to users worldwide. To clarify, if you’re a user, you can easily sell your cryptocurrencies. To do so, simply go to the ‘Sell Crypto’ section on their platform. Once there, choose ‘Paymonade (VISA/Mastercard)’, then click ‘confirm’ to submit your sell order.

To clarify, access to our crypto trading service won’t be immediate. Firstly, you’ll need to pass through our security verification process on our platform. Secondly, you’ll integrate your Visa or Mastercard card via the Paymonade page for transactions. Once these steps are complete, funds will be deposited onto your respective Visa cards, as per our announcement.

In essence, this action by the company seems to signal an intent to increase user attraction within the platform. By introducing fresh trading options, the exchange is solidifying its status as a significant figure in the market.

Recent Advancements Garner Further Attention

In the meantime, the platform has been constantly innovating other trade services, strengthening its standing in the industry. For instance, Binance has introduced numerous cryptocurrency token listings to cater to developing markets and expand the investment choices for its users.

According to CoinGape Media’s latest report, the exchange has added Simon’s Cat to its list of perpetual contracts, leading to a 40% price increase for CAT tokens. It’s worth mentioning that the token has already risen by about 65% overall. Meanwhile, in a separate development, the cryptocurrency exchange has removed four other cryptos from its platform, igniting conversations about market trends worldwide.

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2024-10-24 14:08