VISA and Mastercard Payments back on Binance

Binance, the leading cryptocurrency exchange globally, has reinstated the option for users to purchase cryptocurrencies using Mastercard.

According to a June 6 post on X, Binance has resumed enabling cryptocurrency transactions via bank transfers with Mastercard debit and credit cards to ensure “smooth transactions.”

On Binance’s platform, users can now utilize Mastercard for crypto purchases, with limits set at a maximum of 5,000 euros (approximately $5,440) for euro-based transactions and up to $20,000 for purchases in U.S. dollars.

The homepage of Binance now features the option to buy crypto with credit cards. Source: Binance The exchange aims to incorporate more regulated fiat payment providers in the future to facilitate easier cryptocurrency purchases. A Binance representative shared with Cointelegraph:

“Binance is committed to meeting the highest compliance standards. After a thorough review of Binance’s stringent controls and procedures, Mastercard decided to permit Binance-related transactions on its network.”