By Solomon Odunayo
Binance, the arguably largest cryptocurrency exchange by trading volume has a few hours ago announced the addition of Czech Koruny (CZK), Bulgarian Leva (BGN), and Romanian Lei (RON) fiat gateways.
Users of the exchange can now use Visa Cards to buy Ripple XRP, Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) with the aforementioned national currencies.
Binance exchange published this new development on its official website on 9th January 2020, which was also hinted via its twitter handle.
#Binance Adds Czech Crowns (CZK), Bulgarian Leva (BGN) and Romanian Lei (RON) Fiat Gatewayshttps://t.co/87Yq1mwKFz pic.twitter.com/ZPCJS06Xw5
— Binance (@binance) January 9, 2020
How to Access the Service
In order to duly access the service, the users of the exchange can visit the “Buy Crypto” page. Followed by the selection of the amount in fiat currency.
Then click next, followed by clicking “add new card” to properly bind the Visa Card. Once the procedure of adding the Visa Card is properly followed as instructed, users will then be able to purchase digital tokens such as Ripple XRP, Binance Coin (BNB), Bitcoin (BTC), and Ethereum (ETH).
What Users Must Take Note
The three new currencies (CZK, BGB, and RON) added are fiat currencies. They do not represent any other cryptocurrencies. The exchange makes it possible for users to complete their cryptocurrency purchases in a very short interval, making the rule of “deposit first” unnecessary.
According to the report, the support for Mastercard and more fiat currencies are underway. Stay tuned.
Binance Futures Launches LTC/USDT Perpetual Contract With Up to 75x Leverage
About 24 hours ago, Binance Futures announced its move to launch its sixth perpetual contract, LTC/USDT. The trading of this pair was scheduled to commence on 9th January 2020 at 08:00 AM (UTC).
According to the binance exchange, users are opened to choose between 1-75x leverage.
Additionally, in order to prevent market manipulation, Binance will implement a pricing limit of ±1% on the mark price in the first 15 minutes after trading starts.
Waring: Be aware that Futures trading is highly risky. There is possibility of great losses and significant gains. Also, be aware of a huge price volatility. There is possibility that all margin balance in your futures wallet be subjected to liquidation.