Binance has just announced the offer of zero fees for the users that will buy cryptocurrencies using Euros, British Pounds and Australian dollars as we are reading more in the following Binance news.
The users in the European Union, the United Kingdom, and Australia will be able to purchase crypto on the Binance platform with their national currencies with zero fees. The fiat payment solution provider Banxa offered to reduce the fees to 0% for most of the popular payment methods and this is expected to make it more affordable for all of the Binance users to deposit cryptocurrencies as per the exchange.
The largest crypto exchange also established a partnership with the Australian-based Banxa at the start of this year in order to expand its fiat on-ramp services. The CEO of Binance Changpeng Zhao commented:
“More than 99.9% of the global money supply is still in fiat and we need to continue building bridges to enable easier flow into crypto.’’
POLi for the users in Australia, SEPA for the users in the European Union and IDEAL for the users in the Netherlands, are all free as of now. The users in the UK will be able to use the Faster Payment Bank transfer with zero fees as well. At the start of February, the exchange added support for more than 15 national currencies through its partnership with the platform Simplex. This is a very important step for the exchange which seems to have set a new goal on global dominance among the crypto exchanges. After launching Binance US back in 2019, another company that is focused on the US market is trying to capture other growing markets in Australia and Europe.
As you probably know, there have been several ways to buy Bitcoin in the UK. One of the best ways is via Binance Jersey, the fiat-to-crypto currency platform for buying crypto in the UK and the rest of Europe, as well as other fiat currencies in the area such as the British pound and the Euro. As a major economy, the UK is ahead of the curve when it comes to crypto-related activities. The Binance UK news show that the interest in buying cryptocurrency is big and buying Bitcoin (BTC) has become a common action in the country.
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