The Binance Credit Card in 2022

The Binance Credit Card in 2022

Cryptocurrencies are currently more popular than ever before. This is mainly due to the enormous price development. Anyone who invested in bitcoin at the end of 2018 had to pay just around 3,500 US dollars to have a coin transferred to their digital wallet. 

At the end of 2020, the price was then over 25,000 US dollars – on November 10, 2021, it was 69,000 US dollars. If you got in even earlier, around the middle of 2016, you could already buy a Bitcoin for around 500 US dollars.

However, there is not only Bitcoin. Even if Bitcoin is considered the “mother of all cryptocurrencies” and has the highest market capitalization, there are other interesting digital currencies. 

For example, Ether, the cryptocurrency of the Ethereum platform, is number 2 in the ranking of top cryptocurrencies by market capitalization. And there is also the number 3 in the ranking, Binance Coin, the cryptocurrency of the crypto exchange Binance.

Binance, a crypto exchange founded in 2017, has been on the fast track for quite some time and is number 1 in the ranking of exchanges with the highest volume. This is also due to the fact that over 200 cryptocurrencies can be found here, which can then be invested in. But Binance is not only a crypto exchange, it now also offers another way to work with digital money with the Binance credit card.

Information about the Binance VISA Card

  • The Binance credit card or Binance VISA Card has been available since September 2020
  • Cashback rate is a maximum of 8%
  • Cryptocurrencies are only exchanged for euros when they are purchased with the Binance VISA Card, not when they are first loaded onto the Binance credit card

The Advantages and Disadvantages of the Binance Credit Card


  • Google Pay support
  • Samsung Pay support
  • Staking is optional
  • Cashback rate of maximum 8% (depending on Binance Coins held)
  • Direct crypto to fiat payments are available


  • Almost all benefits accrue only in conjunction with the Binance Coin
  • No Apple Pay support

The Company Behind the Binance Card

So, Binance is a cryptocurrency exchange and also still offers the possibility to pay directly with cryptocurrencies with the Binance Credit Card. The fact that the Binance credit card definitely offers its advantages, because it is free of charge or has fair conditions, is beyond dispute. But is Binance also recommendable when it comes to investing in cryptocurrencies or using a Binance trading bot for them?

The exchange was founded – as already mentioned – in 2017. While the market was in an upbeat mood at the time, the big ‘supposedly’ one-person crash then followed at the end of 2017, when bitcoin failed to crack the 20,000 US dollar mark, but instead crashed from over 19,000 US dollars towards 10,000 US dollars all at once, taking the entire market with it. 

However, crypto fans knew their time would come in the end, so they swore allegiance to the exchange coming out of Shanghai and were then also rewarded years later with a Bitcoin soaring, which among other things also drove the Binance Coin to dizzying heights.

Binance itself is available in different languages. The platform can be used in English, Russian, Spanish, French, Japanese, Korean and of course Chinese. It must be said that the site is designed in such a way that even with a very banal knowledge of English, users will have no difficulty using it.

This starts with the registration, continues with trading and ends with the Binance payout of the profit, provided that the market has been correctly assessed.

By the way, those who do not only want to be active via the browser version can also get the trading platform as software on their Windows device or also participate in mobile trading with the Binance app. 

The app is also available for Windows devices, but also for the iOS and Android operating systems and can then be downloaded from the respective Apple Store (Google Play for Android or Apple App Store for iOS).

The History of the Binance Credit Card

The fact that there is now also a dedicated Binance credit card may especially please fans of the Binance Coin. After all, many advantages only arise if enough has been invested in the Binance Coin or if it is predominantly used. 

The fact that Binance has its own cryptocurrency with the Binance Coin, as already mentioned, which also ensures a reduction in fees directly on the platform, shows that they are trying to convince people of the in-house cryptocurrency here. Looking at the price explosion, this also seems to have succeeded as well.

The Binance VISA Card has been available since September 2020. The virtual version of the Binance credit card can be used immediately after application, but those who want to make friends with the plastic issue have to be patient for around six to eight weeks.

The big advantage of the Binance credit card? It has its own wallet, i.e. its own digital wallet. It should be noted that the Binance credit card must be topped up in advance, i.e. the prepaid system is used here. 

In the course of the transactions, the payment amounts are converted into fiat or at the current market price. However, this actually happens only in the course of the purchase process and not already during the loading process.

The cashback rate, which is 8%, maybe particularly interesting. However, this percentage is only available if enough Binance Coins are held.

The Fees of the Binance Card

To know whether the Binance credit card is at all interesting for you, you should take a look at the costs. After all, using a VISA card can be quite expensive – but what about the Binance VISA Card?

  • Issuance of the Binance Card: 15 US Dollar
  • Withdrawal fee: individual – depending on the chosen cryptocurrency
  • Maximum withdrawal amount per day: 1,000 US dollars
  • There is no monthly service fee
  • There are no withdrawal or top-up fees
  • Binance waives transaction fees
  • There are no currency exchange fees
  • There is no minimum or maximum reload amount with the Binance Card
  • There is also no limit on the number of transactions

The Conclusion of the Binance Credit Card

Binance is not only the best-known and largest cryptocurrency exchange but also offers the possibility to pay with cryptocurrencies with the Binance credit card. The advantage of the Binance VISA Card? The fees are low and broken down in such a way that you don’t have to worry or fear about high costs that could arise in the course of using the Binance Card. The fee model is transparent – there are also no reports on the Internet about the Binance Credit Card constantly surprising you with new costs.

In addition to the Binance Card, there is also the possibility to invest or speculate with cryptocurrencies via the Binance exchange. Binance is definitely an interesting option for all those who like to work with cryptocurrencies, as Binance carries more than 200 digital currencies.

So, if you like to work with cryptocurrencies and are also looking for a provider that offers a credit card with attractive conditions and fair Binance fees, you should take a close look at Binance’s offer or opt for the Binance credit card in the end. There are no weighty reasons that speak against a Binance credit card.


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