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Binance card: 3 questions

Binance

Cryptocoins Exchanges / Binance 212 Views

Hello,

I've ordered the Binance card (Europe). I am contemplating utilizing it at degree 1, so I might put 1 BNB on it and hold that because the minimal. Nevertheless, earlier than I achieve this, I have some questions I hope you possibly can clear up.

  1. On their faq (Binance card fees and limits), it's said that there's as much as 0,9% transaction payment on purchases and withdrawals. But it isn't defined when these apply? If most transactions have a charge, that drastically reduces the rewards. For the free card with the primary degree, you might even be dropping cash because the transaction charges are probably greater than the zero.1% reward? How can I discover out extra about when these transaction charges apply and the way much they are?

  2. The standard cost technique is converting BNB to your native foreign money and then utilizing that. Does it not make extra sense to make use of a secure coin as commonplace? In case you are bullish on BNB or crypto, why would you spend it? I do know you possibly can change the precedence, so I am considering setting it to BUSD. What are your takes on this?

  3. The BNB required on the card for card ranges: does it has to take a seat there passively? Or are you able to stake it or one thing? Seems capital inefficient to only have it sit there doing nothing?

Thanks!


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