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Like CoinZoom and Crypto. Simplex provides the infrastructure that supports fiat onramps for many major cryptocurrency exchanges including Binance and BitMart, and supports deposits in a swathe of national fiat currencies. Defi platform Eidoo teamed up with Visa Europe member Contis in mid, with the result being a shiny new Visa crypto debit card.

Available in the UK and Europe, the card allows for the storage of fiat and crypto funds and acts as a useful bridge between the worlds of decentralized and traditional finance. Unlike the other options mentioned above, assets are stored in a non-custodial fashion as per the ethos of the defi movement, which stresses the importance of user autonomy.

The crypto card also utilizes smart contract-based atomic swaps and fiat-backed stablecoins issued by UK financial firm Moneyfold Ltd for transaction monitoring. Crypto has come a long way since bitcoin faucets and esoteric discussions on cypherpunk forums. These days, acquiring, saving, transferring and spending virtual assets is easy: all you need is a linked bank card and a smartphone.

Crypto exchange Binance now lets you buy Bitcoin with a credit card

As barriers to entry fall, expect more platforms to come to market and compete with the aforementioned players. The list of restricted countries is fairly small, but it does include some banks in China. For a full list, go here. On Binance.


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  • While convenient, directly purchasing cryptocurrencies with a credit or debit card is typically not the cheapest way to do it, and it seems that Binance's new service is no exception. CET A Binance spokesperson told me that the 3.

    5 Popular Debit Cards That Let You Spend Crypto

    The company updated its credit page to make this clearer. Binance is a strictly crypto-to-crypto exchange, meaning it doesn't offer trading pairs for fiat currencies, and you can't even send fiat to the exchange though the company did recently launch separate fiat-to-crypto exchanges for specific markets — Binance Jersey lets you buy crypto with pounds and euros, and Binance Uganda with Ugandan shillings.

    This makes the credit and debit card crypto purchases the only direct fiat gateway for the largest cryptocurrency exchange out there, and I reckon there will be plenty of users despite the unfavorable exchange rate.

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