Step 1: Create a Binance account
The first step to obtaining a Binance Card is creating an account with the Binance exchange. If you already have an account, you can skip this step. To create an account, simply head over to the Binance website and select the ‘Register’ button on the top right-hand side of the page. From there, you will be prompted to enter your email address and a secure password.
Step 2: Complete KYC verification
In order to utilize the Binance Card, users must first complete a KYC (know your customer) verification process. This is a regulatory requirement that ensures that the person using the card is the rightful owner. To complete KYC, log in to your Binance account and select the ‘Account’ tab. From there, choose ‘Identity Verification’ and follow the prompts to upload the requested documents. This may include a copy of your passport or government-issued ID.
Step 3: Apply for the Binance Card
Once your KYC is approved, you can apply for the Binance Card. To do so, log in to your Binance account and navigate to the ‘Card’ tab. From there, select ‘Apply Now’ and follow the prompts. You will be asked to enter your shipping address, agree to the terms and conditions, and pay a one-time fee of $15. This fee covers the cost of printing and shipping the card to your location.
Step 4: Top up your card
Now that your card has been shipped, it’s time to top it up with cryptocurrency. To do so, log in to your Binance account and navigate to the ‘Wallet’ tab. From there, select the cryptocurrency you wish to use and choose ‘Deposit’. Follow the prompts to transfer the desired amount of cryptocurrency to your card. Once complete, your card will be loaded with the corresponding amount of funds.
Step 5: Start using your Binance Card
Congratulations, you now have a Binance Card that is ready to use. To use the card, simply swipe it at any merchant that accepts Visa. You can also use the card to withdraw cash from ATMs. The Binance Card currently supports five cryptocurrencies – Bitcoin (BTC), Binance Coin (BNB), Swipe (SXP), Ethereum (ETH), and Bitcoin Cash (BCH).
In conclusion, obtaining a Binance Card is a simple and straightforward process. By following the steps outlined in this article, you can start using your cryptocurrency to make purchases and withdraw cash with ease. The Binance Card offers a convenient solution for those who wish to utilize their digital assets in a more practical way.