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ismet celik 2019-11-10 01:58:33

Yesterday, Binance announced support for three additional fiat currencies thanks to a new partnership with Advcash.

 

Advcash, or Advanced Cash, is a payment platform that combines prepaid cards, crypto, and fiat features. It has e-wallets in multiple currencies, which allow for easy withdrawals and deposits, regardless of nationality.

 

BINANCE EXPANDS ITS SELECTION OF SUPPORTED FIAT CURRENCIES

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Binance supports fiat deposit NEWS

BINANCE NOW SUPPORTS EURO, RUBLE AND KZT FIAT DEPOSITS

ALI RAZA · @ALIR1272 | NOV 09, 2019 | 07:04

 

Yesterday, Binance announced support for three additional fiat currencies thanks to a new partnership with Advcash.

 

Advcash, or Advanced Cash, is a payment platform that combines prepaid cards, crypto, and fiat features. It has e-wallets in multiple currencies, which allow for easy withdrawals and deposits, regardless of nationality.

 

BINANCE EXPANDS ITS SELECTION OF SUPPORTED FIAT CURRENCIES

binance futures trading on mobile android app

 

One of the world’s leading crypto exchanges, Binance, announced yesterday, November 8th, that it has recently partnered with Advcash, to offer withdrawals and deposits for additional fiat currencies.

 

Thanks to this new partnership, Binance will now also support EUR, RUB, and KZT, in addition to UAH, which was already added to the exchange’s fiat support basket earlier. This will allow users owning the above currencies to deposit in the exchange’s wallet via bank cards, credit cards, or Advcash’s own wallet.

 

Once the funds find their way to the Binance wallet, users will be able to purchase cryptocurrencies directly, with a single click.

 

 

According to Binance‘s announcements, the new move will bring a number of benefits, including zero deposit fees for any of the four fiat currencies if users deposit them via Advcash Wallet. Other benefits include increased speed, easy access, as well as the ability to buy BTC, ETH, and XRP directly.

 

ABOUT ONE-CLICK BUY/SELL FUNCTION

As mentioned, users will be able to buy cryptocurrencies with their newly supported fiat money with a single click. This is possible due to Binance‘s One-Click Buy/Sell feature, which lets users buy or sell coins more conveniently than ever before.

 

According to the exchange, there is no need to review complex charts and examine order types. All that users need to do is take a look at the coins’ real-time prices and execute trades directly.

 

As mentioned, the function only supports the purchase or sale of the top three largest cryptocurrencies, BTC, ETH, and XRP.

 

What do you think about Binance’s new ‘fiat currency support’ move? Let us know your thoughts in the comments below.

 

Images via Bitcoinist Media Library

 

The Rundown

 

Binance Expands its Selection of Supported Fiat Currencies

About One-Click Buy/Sell function

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Tags: binance, btc, crypto, ETH, XRP

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bitcoin coinbase confirmations BITCOIN EXCHANGE

BITCOIN DEPOSITS ON COINBASE WILL NOW REQUIRE ONLY THREE CONFIRMATIONS

ALI RAZA · @ALIR1272 | NOV 09, 2019 | 06:34

 

 

 

 

Coinbase has just released a new announcement, stating that it will reduce the number of confirmation requirements for four crypto assets on its platform.

 

The United States’ largest crypto exchange, has brought in some welcome changes to its platform. Coinbase has just announced that it has changed the confirmation requirements for four different cryptocurrencies, including Bitcoin, Ethereum Classic, Zcash, and Litecoin.

 

Coinbase wallet USDC

 

WHAT CHANGES DID COINBASE INTRODUCE?

Until now, Coinbase had strict confirmation requirements for each of the aforementioned assets. Most of these conditions were put in place over a year ago. Back then, the exchange did not have a consistent approach that informed users of each coin’s confirmation requirement.

 

This led to situations where some assets ended up having overly-conservative confirmation requirements, while others did not have enough. Three out of four assets listed above were among those that had a higher number of confirmation requirements than necessary, as the exchange admits in its new statement.

 

Bitcoin, for example, required 6 confirmations up to this point. Now, Coinbase is cutting that number in half, with the new requirement being only 3. ETC required 5676 confirmations, and now, Coinbase is ready to reduce that number to 3527. In the case of ZEC, the number of necessary confirmations so far was 18. From now on, however, it will only be 12.

 

 

LTC, on the other hand, needed 6 requirements so far, but now, Coinbase believes that this number should be twice as high, and so the number was increased to 12. In other words, BTC, ETC, and ZEC will now see much faster deposits, but in the case of LTC, the process will last somewhat longer than it used to. Coinbase believes that this is necessary in order to reduce the risks and prevent issues such as 51% attacks impacting the exchange’s customers.

 

The changes come as part of Coinbase’s constant efforts to ensure the best possible customer experience, without sacrificing the security of the platform and users’ funds. As such, the exchange is always open to making new adjustments, as long as they can maintain their extremely high security standards.

 

Do you trade on Coinbase? What do you think about the exchange’s decision to change the number of requirements? Let us know your thoughts down in the comments.

 

Images via Shutterstock

 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 

 

 

Tags: bitcoin, coinbase, crypto, crypto exchange, cryptocurrencies

 

 

 

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