Leading exchange Binance has partnered with Advcash to offer deposits and withdrawals of Ruble (RUB) via the Advcash service. Subsequently, users can deposit RUB to their Binance wallet using their Advcash wallet, debit and credit cards.
No Transfer Fees For RUB Deposits
The service will further allow users to buy and sell crypto with RUB directly on Binance’s buy/Sell crypto page with a one-click buy/sell service. Users can buy Bitcoin (BTC), Ethereum(ETH) and Ripple(XRP) with Binance’s RUB wallet. Also, there will be no transfer fees when depositing RUB using Advcash Wallet.
Binance May Add Support for Ukrainian Hryvnia (UAH) and Kazakhstani Tenge (KZT)
Cryptocurrency exchange Binance could soon add support for Ukrainian hryvnia (UAH) and Kazakhstani tenge (KZT) for its direct fiat-to-crypto trading facility. Last month, Binance added support for Nigerian Naira (NGN) on Oct. 24 and Russian ruble (RUB) on Oct. 31.
The support for NGN was enabled with a partnership with U.S.-based payments tech firm Flutterwave. On the other hand, RUB has been integrated through AdvCash. Furthermore, it added these two currencies on its API on Sept. 24 and Oct. 29, respectively.
The third-party service which Binance would choose for UAH and KZT if they are added next is in close wraps. Binance continues to expand its fiat-gateway channel. Presently, it has six-channels- Koinal, Simplex, Paxos, TrustToken, Flutterwave, and AdvCash.
In a recent Twitter ask-me-anything (AMA) session, CZ said that adding fiat on-ramps around the world is of prime importance for lowering the entry barriers. He also said that users can expect more pairs very soon. Also, Binance enabled BNB P2P trading for Chinese crypto holders recently.
What will be Binance’s next initiative? Will the leading exchange soon add support for UAH and KZT? Let us know, what you think in the comments below!