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s a detailed, clear, and user-friendly guide on the types of bank cards that can be used on Binance, along with their requirements and restrictions.
Find out which bank cards work on Binance, the requirements, and restrictions to make your crypto transactions easier.
Which Bank Cards Can You Use on Binance?
Binance supports several types of bank cards for deposits and withdrawals. Below is a detailed list of the accepted cards and their requirements.
1. Types of Bank Cards Accepted on Binance
| Card Type | Supported by Binance | Accepted for Deposits | Accepted for Withdrawals |
|---|---|---|---|
| Visa Debit/Credit Cards | Yes | Yes | Yes |
| Mastercard Debit/Credit Cards | Yes | Yes | Yes |
| Maestro Cards | Limited | Yes (in some regions) | No |
| UnionPay | Yes | Yes (in some regions) | Yes |
2. Usage Requirements and Restrictions
Visa & Mastercard
- Countries Supported: Visa and Mastercard are available for users worldwide, but availability can vary by region.
- Requirements: You’ll need to verify your Binance account with KYC (Know Your Customer) to enable card transactions.
- Deposit Limits: Limits may depend on your account verification level and country.
- Withdrawal Process: You can withdraw funds back to your Visa or Mastercard card, but withdrawals may take 1-3 business days, depending on your bank.
Maestro Cards
- Availability: Available in selected regions, mostly in Europe and the UK.
- Limitations: While you can deposit funds from Maestro cards in some regions, you cannot withdraw funds directly to them.
UnionPay
- Regions Supported: Available in some Asian countries like China.
- Requirements: Same as other cards, you must complete KYC verification to use UnionPay for deposits and withdrawals.
- Limitations: Some regions may face restrictions on UnionPay transactions due to local regulations.
3. Card Verification & Other Important Notes
- KYC Verification: Before using any bank card on Binance, you must complete KYC (Know Your Customer) verification. This ensures the safety of your transactions and helps Binance comply with global regulations.
- Fees: Binance may charge small fees for card deposits and withdrawals, which can vary depending on your location and the payment provider. Always check before making a transaction.
- Transaction Limits: Transaction limits can depend on your verification level and the type of card you use. Higher verification levels allow for larger deposit/withdrawal limits.
- Bank-Specific Restrictions: Some banks may block or flag cryptocurrency-related transactions. If you face issues, contact your bank to ensure they allow transactions with Binance.
4. Conclusion: Which Card is Best for Binance?
For most users, Visa and Mastercard are the most widely accepted and convenient options on Binance. These cards are supported globally, easy to use for both deposits and withdrawals, and generally offer good transaction speed.