Binance announces support for three additional fiat currencies thanks to the new partnership with Advcash as we are reading further in the latest binance news.
Advacsh, or Advanced cash, is a payment platform that combines crypto, fiat, and prepaid card features and has e-wallets in multiple currencies that allow for easy withdrawals and deposits no matter of their nationality. One of the world’s leading crypto exchanges Binance announces support yesterday November 8th that it has partnered with Advcash to offer withdrawals and deposits for additional fiat currencies.
Thanks to the new partnership, Binance will also support EUR, RUB and KZT and in addition to UAH which was already added to the exchange’s fiat support basket earlier. This will allow the users to own the above currencies to deposit in the exchange’s wallet via bank cards, Advcash’s own wallet, and credit cards. Once the funds find their way to the Binance wallet, the users will be able to purchase cryptocurrencies straight away with a single click.
According to binance’s announcements, the new decision will bring a number of benefits including the zero deposit fees for any of the four fiat currencies if the users decide to deposit them via Advash Wallet. Some of the other benefits include increased speed, and easy access as well as the ability to purchase ETH, BTC, and XRP directly. As mentioned, the users will be able to purchase cryptocurrencies with the newly supported fiat money with only a click. This is only possible because of Binance’s One-click buy and sell feature which will let the users buy or sell coins more conveniently than before.
According to the latest exchange, there is no need to review the complex charts and examine order types and all of the users have to do is take a look at the coins’ real-time prices and execute the trades directly. As mentioned, the main functions support only the purchase or sale of the top three largest cryptocurrencies including XRP, ETH, and BTC.
Also in the previous news, we found out that Binance may open a China office soon, a report claims. Even though the exchange has current offices in Shanghai, a move to Beijing will foster the growth and prove that Binance may be again opened to the regulatory climate in its domestic country.
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