binance Binance adds support for 15 new national currencies

[BTC Future 3946]

The popular exchange Binance announced a collaboration with Etana Custody, a fiat currency service processor, which I discussed on a previous post (link) and I suggest to read this as well.

The currencies that Binance now accepts for deposits are:

 

• United Arab Emirates Dirham (AED)
• Czech Koruna (CZK)
• Danish Krone (DKK)
• Hungarian Forint (HUF)
• Mexican Peso (MXN)
• Norwegian Krone (NOK)
• Polish złoty (PLN)
• Swedish Krona (SEK).
• euro (EUR)
• Australian dollar (AUD)
• Canadian dollar (CAD) 
• Swiss franc (CHF) 
• British Pound (GBP)
• Hong Kong Dollar (HKD)
• New Zealand Dollar (NZD)

 

Binance is certainly promoting adoption with this move and allows direct wire bank transfers from these national currencies as well. Definitely, a move aiming for adoption and for the facilitation of easier access to cryptocurrencies. It is significant that Binance now covers 170 countries worldwide and continues to add more fiat gateways.

 

Source

Edited July 7, 2020 by BTC Future

[Whited35 15285]

last time, I read an announcement from Binance about Indian currency. I really do not know what is currently happening in India about adoption of cryptocurrency but that was a great opportunity for Indian citizens to buy cryptocurrencies by using their local currency. Now it is interesting to see AUD and NZD in this list. I think Binance is now focusing to give a chance to citizens from different countries in this world to buy cryptocurrencies by using their own local currencies. 

[BTC Future 3946]

5 hours ago, Whited35 said:

I think Binance is now focusing to give a chance to citizens from different countries in this world to buy cryptocurrencies by using their own local currencies. 

They've also bought Swipe. With the money they are making they can certainly do all that. I think that they should give more attention to the Binance chain though. It was a good idea and they let people down not allowing it to be decentralized and not developing it further.

[DiamondBit 720]

This is very good about binance, it will make them have more users, trades between the currencies and crypto will be easy. And it will be so easy to send the currencies back to someone's bank.  This is a very good move by binance. 

[gourav789 2834]

yeah , I also see it because I used binance from longtime . I think you missed to mentioned INR becuase I roughly see that INR also available .

this is easyer to manage our Crypto fund in our local currency .

[BitcryptoHan 2557]

On 7/9/2020 at 11:39 AM, gourav789 said:

yeah , I also see it because I used binance from longtime . I think you missed to mentioned INR becuase I roughly see that INR also available .

this is easyer to manage our Crypto fund in our local currency .

There are still other currencies not listed there, the listed currencies are new ones that binance just list recently. INR is not a new currencies that has been just listed that is why he did not include it. 

[TheRaed 1247]

The greater the facilities the platforms for converting between fiat currencies and cryptocurrencies the more the process will be easier and will lead to an increase in the number of investors

[BTC Future 3946]

On 7/10/2020 at 7:46 PM, BitcryptoHan said:

There are still other currencies not listed there, the listed currencies are new ones that binance just list recently. INR is not a new currencies that has been just listed that is why he did not include it. 

Correct, these are the new fiat currencies Binance added. They already had INR listed in the past. Adding as many national currencies as possible will certain help in adoption and reduce cost to buy Bitcoin with fiat coming from these countries.

[Ridam 7455]

Binanace is doing ease for the customer and they are adding the national currency so that people from all over the world find easy for investing in Crypto. Lastly Indian and Indonesian currencies were added and now more countries currency gets added. I'm just waiting when mine country currency would get added there.

[Zaino34 0]

These are good features provided by this platform, we announce that this platform is one of the best platforms and this will help to increase the users of this platform and increase confidence in this platform in the future

[BTC Future 3946]

7 hours ago, Zaino34 said:

These are good features provided by this platform, we announce that this platform is one of the best platforms and this will help to increase the users of this platform and increase confidence in this platform in the future

Certainly Binance is doing a lot for adoption. I am very critical on a few things I don't like, but we have to agree that they are helping and striving to make cryptocurrencies widely adopted.

[Raqeebzy 6456]

Accepting new national/regional currency is a very giant step, I don't think any exchange accepts more than five native currencies that covers roughly 20-30 countries;170 countries is unavailable. Anyone still doubting the greatness of Binance compared to its competitors?. This has covered large part of Europe and even some part of Asia too. Binance is doing a lot in preparation for global cryptocurrency adoption. 

[BTC Future 3946]

On 8/20/2020 at 8:20 PM, Raqeebzy said:

Accepting new national/regional currency is a very giant step, I don't think any exchange accepts more than five native currencies that covers roughly 20-30 countries;170 countries is unavailable.

I think that eventually all exchanges will start accepting most national currencies. Indeed there are many people that have a problem with their national currency and have to use paypal with dollar or skrill and other forms to send back to their banks. 

Binance is certainly taking huge steps to ease adoption. Can't deny that. 

[Honny143 13612]

I think now binance exchange want spread their business worldwide, and want every country user buy are sell crypto to their own currency, that's why they accepting new country currency, recently they except Indian currency INR, now these 15 nation currency this step really increase their users.and binance achieved top position to compare to other exchanges.

[magd 5231]

This is a wonderful merging process between cryptocurrencies and the famous local currencies of countries that may help support the economies of countries and increase the number of customers who trust this platform and buy bitcoin and other cryptocurrencies.

[Marks33 535]

Wow this is a good development for binance because it will encouraged many people from different countries to invest in crypto using their local fiat currency. I think with this great step binance will gain more reputations or famous than other exchanges. 

Edited September 7, 2020 by Marks33

[yonkii 3205]

This is awesome! Binance made this and their exchange now will be able to accept money from all these countries. It will be very useful to them and maybe it will be a lot of work but they will be able to cope. This is very bullish for the future and now everybody knows that Binance will accept their money easily and they will not need to have trouble to find another exchange. It is my hope for yobit to accept all currencies too and we send and recieve to our bank our profits directly!

[Mella 3680]

I am happy to know about the binance to adds support for all these nations and the people that are live there can be exited about this too, because I am known many that want to use easy acces to the crypto and use the currency they are have not pay for change to dollar first and have the time and fees lost. So in my view the binance has did a good gift to all the national they are adds.

[Keibel 8]

binance is the best, since adding the P2P system it has become my favorite exchange, because I can change my dollars to my local currency, it has an incredible daily volume, but I feel that binance is an exchange especially for people who move large amounts of money

[chihab 29]

Dommage mon pays n'est pas toujours listes j'espère que on aura cette opportunité dans le futur proche parceque beaucoup de gens attends si informations avec impatiente

[Amiami 1362]

That is good news, it benefits both the inhabitants of each country and the merchants who use the Binance P2P platform to raise different capitals.

 

They also plan to enter more foreign currency in the coming months to occupy more market share.

[Liliz 529]

This is such a great step up idea for Binance,  as it would enhance the mobility and awareness of all what Binance has to offer to more country users. This is to help  buy crypto in a much more promising lower cost of fee and Binance is adding more opportunities to ensure that it is increasing the idea of adding more exchange fiat option. 

[Abdulrahman3 1252]

The introduction of fiat currencies to the list of cryptocurrencies is beneficial for customers who want to withdraw their money, but it is not beneficial in the long run, because it may reduce people's dependence on cryptocurrencies and make them return to trading fiat currencies even on cryptocurrency platforms, simply because they trust fiat currencies more because they are less Volatile than others.

[RoyalHouse01 9]

the exchange is the good one that is why it is been doing it and that is why they are adding the new currencies to the plateform and that is why it is been getting features that are the new.

[tienda 8776]

This it seems good for Binance adding 15 new national currencies. But the Binance users are able to withdrawal to their own bank account with these national currency?... Will be interesting when a such website exchange platform add the national currency, should accept also the withdrawal.