By Tobi Loba
Binance, the arguably largest cryptocurrency exchange by trading volume has in a couple of hours ago announced that it now allows users to bind their Visa cards and purchase Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and the Ripple’s digital token XRP with Russian Ruble (RUB) on its trading platform.
In order to access this service right away, users of the exchange can visit the “Buy Crypto” page on the trading platform. Followed by the selection of an amount of Russian Ruble (RUB), then click next to “Add Card”.
The above process will bind the users’ Visa cards. As soon as the Visa card is added, users of the exchange will be opened to the opportunity to purchase the digital tokens such as BTC, BNB, ETH, and XRP directly using Russian Ruble (RUB).
The leading crypto exchange reported the new development via its official website and shared it with its teeming followers on Twitter.
#Binance Adds Russian Ruble $RUB Instant Buyhttps://t.co/ldo2pUcZwb pic.twitter.com/ndKaUQWz9u
— Binance (@binance) February 5, 2020
Binance exchange furthered by reiterating that RUB is a fiat currency, so, it does not represent any other cryptocurrencies. Also, there is a possibility for users to complete their cryptocurrency purchases in less than a minute without needing to deposit first.
Additionally, Binance shared that the support for Mastercard and more cryptocurrencies will be added later.
In conclusion, the exchange warned that cryptocurrency trading is highly risky, due to the high market price volatility. So users are advised to trade responsibly. Binance also promised that it will keep up its effort of choosing high-quality coins for users to leverage.