In this post I want to share with you my impressions about the newly issued Binance Card through my real story of how I started using it .Why? Because I think you must try it out, it's really another good service from the really well known exchange Binance.When I first red the Binance announcement regarding the card, I remember I felt excited: in my mind there was the feeling of a great innovation coming to us, expecially for the fact that you are able to store cryptos in it. My funny/romantic story with the Binance Card starts in mid September 2020: I was at see with my girlfriend here in Italy next by Rome, and we were planning to have lunch at a restaurant on the beach. But unfortunately I did forgot my physical wallet and she had no money with her. -.-" !!What I've done? I had received an email by Binance some day before, telling me I was now elegible for the Card (Italy was not supported yet, now yes). So with my smartphone I logged in on the desktop exchange version, and I remembered those 3 important facts:Submitting request for the Binance Crypto Card is totally free . Really.In a matter of microseconds, you will have at your disposal a "Virtual Card", that is: a card number, expire date, CVC code and name of cardholder, so that you are immediately able to make online purchases.You can connet this Virtual card to Google Pay/Android Pay/Apple Pay in few minutes on your smartphone, and use the NFC ( Near Field Connectivity) of your smartphone to pay in any physical shop that accepts Visa contactless payments, all around the world.The real plastic card will arrive at your adress in 2-3 weeks, also at no cost. (but you can already use the card as a virtual one).This took 5 to 10 minutes more or less. Then, how to fund the Card? This is another good feature of the Binance Visa Card:Turning back to the story, at the end of the lunch I've asked for the bill, I had to pay 36 € . An online conversion tool told me this was around 42 $ at the time.I took a bit of my Bitcoin from Spot Wallet, 43 $ worth, and moved them to the Card Wallet, no more no less, up to 8 decimal digits (that is, at the Satoshi precision :-) ) and after a coffee (always a coffee at the end of a lunch) I paid contactless with the smartphone via Google Pay.Tada! It worket! I have to be honest with you, I was a bit afraid that something could go wrong.... but absolutely no.Few minutes later, I checked on Binance account, the transaction showed up, telling me exactly what happened, here is a screenshot of the overview of the Card Wallet:What's interesting is also the low fees : 0.9 % of the net amount you have to pay, and the conversion of your crypto to Eur or Usd is made just at the LAST instant before the transaction occur. Read again, NOT depending on some "stake" amount as in other platforms; here, all the BNB on you account, those on Spot, Futures and Margin wallets, but also on Staking and Savings products, will count toward your avarage 30 days BNB holding. From the table above, by just owning 10 BNB (wich could be very well staked or on order to sell) you can get 2% cashback, sent to your Card Wallet as BNB coins.
$BNB #Write2Earn #VisaCards #VisaCard #bnbstake #staked