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Binance offers zero fees for cryptocurrency buyers using EUR, GBP and AUD

Image by Binance

Sun, 01 Mar 2020, 11:56 am UTC

Crypto exchange Binance announced that it is waiving the fees for customers who are buying cryptocurrency using EUR, GBP, and AUD via Banxa on the Buy Crypto page.

Meanwhile, fiat-to-crypto gateway solution Banxa is offering a permanent fee reduction to 0% for most of its payment methods on Binance making it more affordable for users to deposit cryptocurrency using their choice of payment methods.

Binance users from Australia, U.K., and Europe Union can now deposit fiat currencies for free using the following:

  • POLi for Australian users
  • iDEAL for Dutch
  • Faster Payments Bank Transfer in the United Kingdom
  • SEPA for users in the European Union

Meanwhile, Binance also announced this week that it listed COTI on its platform for free. Binance has also open trading for COTI/BNB, COTI/BTC, and COTI/USDT trading pairs starting Feb. 26. However, it has only listed ERC20 and BEP2 COTI tokens.

Binance will also reward users with a percentage of their COTI deposits based on the time and position of their deposits amongst all COTI deposits. The users are allowed to make multiple deposits in different tiers and will be rewarded based on the corresponding percentage of each tier.

Binance also supports Hong Kong dollars (HKD) deposits and withdrawals following its partnership with one-stop payment platform Epay. The HKD will be deposited into the users’ Binance wallet, users will be able to buy and sell crypto with HKD with the platform’s one-click buy/sell service feature that allows users to buy and sell digital currency more conveniently by providing real-time price data to execute trades directly without the charts and complex order types.

Epay supports HKD, EUR, and GBP fiat currencies. It also accommodates SWIFT CODE, Wire Transfer, SEPA, Fasapay, PM and other E-currency deposit and withdrawal services.

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