Binance is extending its commission-free deposit promotion

Binance, one of the largest cryptocurrency exchanges in the world, with more than 22 million crypto-traders, announced the extension of the promotion of zero fees for deposits via SEPA and FPS transfers. Details below.

Correction attracts buyers

Cryptocurrency exchanges have recently experienced a real siege from customers who want to expand their portfolio with virtual assets (or increase the exposure of the existing portfolio). The interest grew due to the large sell-off of most popular cryptocurrencies. In April this year Bitcoin broke historical highs and was valued at over 60. USD. This, however, only increased the ranks of believers in BTC's long-term success, but did not necessarily encourage them to buy at a record-high rate. However, a correction of over -50% in just one month is already such an incentive.

Effect? In the period of the greatest sell-offs, cryptocurrency exchanges had a problem with handling a mass number of deposit deposit transactions, what we wrote about In this article. Forex brokers offering to trade on crypto-fiat pairs also had a problem handling transactions and were forced to temporarily suspend trading. Now, after about 2 weeks, the situation is extremely stable.

Zero commission on deposits until July 31st

Binance Exchange offers payments by means of, among others payment cards. These transactions are quick to execute, but unfortunately have a fairly large commission (1,5%). That is why many people choose to donate via SEPA (Single Euro Payments Area), i.e. by European transfer made only in euro, or FPS (Faster Payments) only in pounds sterling. The posting time is 1-2 business days, but as a result of the promotion, the transaction is completely free (Polish banks also often do not charge any fees or they are very low).

The promotion is valid until 31.07.2021/XNUMX/XNUMX. You can make a deposit using the above-mentioned methods by choosing an option:

• for EUR - Buy Crypto> Bank Deposits> Bank Transfer (SEPA),
• for GBP - Buy Krypto> Bank Deposit> Faster Payments.