Binance Card Fees and Limits | Binance Support (2024)
1. How to check my Binance Card limits?
You can view your Binance Card limits in the Cardholder Agreement, or from the Card Dashboard.
[Today’s Spendings] refers to the spending you made today
[Today’s Withdrawal] refers to the amount of ATM withdrawals you made today
The daily spending limits for your Binance Card are as follows:
Category
EEA Card
Refugee Card
Virtual Card
Purchases
870 EUR
500 EUR
Physical Card
Purchases
8,700 EUR
2,000 EUR
ATM withdrawals
290 EUR
200 EUR
Amount per contactless transaction: 50 EUR (across Europe)
Accumulated amount of contactless payments: 150 EUR. When you reach the accumulated contactless payment limit, you need to make a Chip & PIN transaction to reset it, and you will be able to use contactless payment again.
2. Binance Card Fees
Item
Fee
The first issuance of the virtual or physical card
Reissuance of the physical card**
25 EUR
Inactive account (12 months)
Account closure
Foreign transaction fee (non-EUR, within Europe)
0% per transaction
Foreign transaction fee (non-EUR, outside Europe)
2% per transaction
ATM withdrawal fee (EUR)
0% per withdrawal
ATM withdrawal fee (non-EUR, within Europe)
0% per withdrawal
ATM withdrawal fee (non-EUR, outside of Europe)
2% per withdrawal
*Please note that third party fees, network fees and a conversion spread may apply. You can check the costs/conversion rate applied for each transaction on your Binance Card in your account.
** Replacement for the Binance Refugee Card is currently not supported.
3. What are the actual costs of using the Binance Card in different countries?
The card is denominated in euros. If you make a purchase or an ATM withdrawal in any other currency, it will convert the euro amount using
the exchange rate set by Visa on the day they process the transaction. Please note that this rate may differ from the one on the actual date of the transaction.
The exchange rates are applied by third parties in the payment network but are usually lower than the fees applied by banks.
4. Which countries are within Europe and will not be charged ATM withdrawal and foreign transaction fees? Please refer to the table below to see which countries belong to Europe.
Description
Countries
Countries within Europe using EUR
The Aland Islands, Andorra, Austria, Belgium, Croatia, Estonia, Finland, France, French Antilles, French Guiana, Germany, Greece, Guadeloupe, Holy See (Vatican City State), Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Martinique, Mayotte, Netherlands, Portugal, Republic of Cyprus, Reunion, San Marino, Slovakia, Slovenia, Spain
*Please note that Contis UAB does not issue Binance Cards in the UK, Gibraltar, Isle of Man, Jersey, or Guernsey. If you’re an existing Binance EEA user who performs transactions/withdrawals in these countries, you won’t be charged any ATM withdrawal and/or foreign transaction fee.
If your country is listed in the table above, you will not be charged for ATM withdrawal and/or foreign transaction fees when withdrawing or spending with the Binance Card.
Please refer to the examples below if you are still unsure of the fees for each country.
Transaction types for EUR currency users:
1. French user spends or withdraws EUR in France - no fees.
The Binance Visa Card charges no issuance or monthly fees and only charges up to a 2% transaction fee for transactions and ATM withdrawals7. Note that ATM operators may charge an additional fee. The card supports 14 cryptocurrencies, including Bitcoin and Ethereum.
For users trading in altcoins, the Binance withdrawal limit is based on the value of BTC. There are no fees on USD deposits or USD withdrawals made via ACH. You can also deposit up to $7,500,000 via bank wire or withdraw up to $1,000,000 via bank wire.
Cryptocurrency exchanges charge a small fee for credit or debit card transactions. This is usually higher than other popular payment methods like bank transfers. At Binance, we charge one of the lowest fees of up to around 2%. Any additional fees will come from the bank and credit card provider's side.
Binance has significantly lower fees than Coinbase. On most trades, the platform levies a 0.10% fee. For bank transactions, it charges 0.10 percent, and for all credit or debit card purchases, it charges up to 2.10 percent.
Binance.US deducts a 25% to 35% service fee from earned staking rewards, which is reflected in the estimated rewards rate for each staking asset. Our standard service fee is 25% for ETH; 30% for ADA, ATOM, DOT, SOL, and XTZ; and, up to 35% for other assets.
Users with basic account verification will be able to withdraw crypto valuing up to 0.6 BTC per day, while KYC-verified customers can withdraw crypto valuing up to 100 BTC per day. Binance charges a flat withdrawal fee to be paid by users when they move their cryptocurrency out of Binance.
Mastercard will no longer offer Binance-branded cards in Latin America and the Middle East, which let customers user their crypto to purchase goods, Binance said Thursday. Visa ended a similar card tie-up with Binance in Europe in July, a spokesperson for the company told Bloomberg.
- **Cold Storage:** A significant portion of user funds is stored in cold storage (offline), which helps protect them from online attacks. Storing cryptocurrency in Binance is generally considered safe, as they take security seriously and have implemented various measures to protect users' funds.
Bank transfer (ACH) is a popular and easy payment method for US-based users of Binance to deposit funds into their accounts. Currently, Binance customers can deposit (and withdraw) up to $5,000 each day without any fees. However, it's always best to check Binance's website for the latest information.
Binance has different trading limits for different users, based on their verification level and other factors. Verified users can have higher limits than unverified users. In general, the basic account limit for new users is set to 2 BTC per day.
And don't forget, Binance has a minimum amount you can withdraw for each fiat currency. For EUR, it's a minimum of 10.00 EUR with SEPA bank transfers, and for USD, it's at least 50.00 USD with SWIFT bank transfers. If you want to see the full list of Binance's fiat currency withdrawal fees, just go to their website.
**Trading Fees**: Binance charges a trading fee for converting BTC to USDT. The standard fee is 0.1% per trade, but this can be reduced if you hold and use BNB (Binance Coin) to pay for fees.
The Binance crypto card was an excellent product. It made it simple for crypto holders to spend their digital assets in everyday establishments like shops. The card could be topped up via crypto or fiat, offered cashback rewards, and supported ATM withdrawals.
Zero fees: The Binance Card has no annual fees or transaction fees, making it a cost-effective solution for crypto users. Security: The Binance Card comes with advanced security features, including 3D secure and real-time transaction alerts, ensuring that users' funds are always safe and secure.
In addition, the card can be used to withdraw cash from ATMs around the world. Using the Binance Visa card is a convenient way to convert cryptocurrency into fiat money and use it for purchases or cash withdrawals.
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