Binance Partners with Paymonade to Offer Fiat Off-Ramp

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As a seasoned crypto investor with years of experience navigating the digital asset market, I can confidently say that Binance’s latest features are a game-changer for everyday users like myself. The ability to sell cryptocurrencies directly with credit or debit cards is a significant leap forward in making crypto more accessible and user-friendly.

Through a recent partnership with Paymonade, the popular cryptocurrency exchange Binance has introduced a fresh feature enabling users to immediately sell digital currencies using credit or debit cards. This innovative service simplifies the process of converting cryptocurrency into traditional money for everyday users.

Binance Users Can Easily Convert Assets to Local Currencies

Users of Binance can now swiftly transform their digital assets into local currencies and instantly transfer the funds onto their bank cards, eliminating the need for intermediary transfers or external wallets. Upon selling their cryptocurrencies, the converted amount is promptly credited to the linked card, giving users immediate access to cash.

To mention, utilizing this fresh service presents a substantial upgrade for individuals seeking an uncomplicated method to swap their cryptocurrencies. Yet, prior to employing this service, users are obliged to undergo two categories of authentication. First, they must navigate through Binance’s standard account verification procedure to meet the platform’s conditions, ensuring compliance in the process.

Following this step, users should additionally go through Paymonade’s authentication process to enhance security. This dual authentication process serves to deter fraud and guarantees that only legitimate users have access to the service. Once users finish the authentication tasks, they will be able to elevate their withdrawal limitations.

As a seasoned trader who has navigated through various financial markets over the years, I find Binance’s service particularly appealing for high-volume traders like myself. The ability to make larger withdrawals and manage my crypto funds with greater flexibility is essential in this rapidly evolving market. Having experienced both the challenges of managing large volumes and the inconvenience of limited withdrawal options, I can attest to its value.

Binance Expands Trading Options for Users

A couple of weeks back, Binance unveiled its pre-listing spot trading service, a product of its Launchpool and Spot divisions. True to their word, this new feature enables users to buy digital assets prior to their official listing on the market. Unlike other crypto exchanges that use derivatives for pre-market trading, Binance stands out as the first platform to offer actual tokens for trade beforehand.

The service is advantageous for Binance users and token initiatives over the long haul. It lengthens the lifespan of these tokens and offers an initial market entry opportunity. As soon as the pre-trading phase commences, all users will be able to trade these specially labeled tokens.

Remember that the exchange has recently introduced Worldcoin (WLD) in its futures market by offering perpetual contracts. This move allows traders to multiply their investment up to 20 times, thereby increasing WLD’s credibility. Users can trade the WLD/USDT perpetual futures pair on Binance, meaning they can predict future price trends of digital assets without actually owning the asset itself.

The exchange has persistently broadened its upcoming product lineup, introducing an assortment of digital assets such as Filecoin (FIL) and NEO. By doing so, Binance is fortifying its status as a global leader, providing a diverse range of financial products to its 200 million users. Here are the details for both:

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2024-10-24 15:15