Bitfinex Exchange Adds Option To Buy Cryptocurrencies Using Credit and Debit Cards
The cryptocurrency exchange Bitfinex has announced on Twitter that users will now be able to purchase cryptocurrencies using both debit and credit cards. This is very useful for individuals that want to use fiat currencies and have access to the crypto market.
Bitfinex Adds Credit and Debit Card Support
In a recent Tweet, Bitfinex announced a new method for users to purchase digital currencies on its platform. Customers will have access to Bitcoin (BTC), stablecoin Tether (USDT), Ethereum (ETH) and any other ERC-20 tokens with debit and credit cards directly.
This way, individuals will have the possibility to acquire digital assets in a fast and easy way. In general, these fiat on-ramps are very useful when and as the demand for cryptocurrencies grow. With a larger number of methods to enter the market, the price of virtual currencies could react faster to an increase in demand.
Bitfinex also recently partnered with the blockchain analytics firm Chainalysis. The main goal is to offer Anti Money Laundering (AML) solutions and be compliant with regulations in different jurisdictions.
From today, Bitfinex users will be able to buy cryptocurrencies with credit or debit cards 💳
— Bitfinex (@bitfinex) December 20, 2019
According to data provided by CoinMarketCap, Bitfinex is registered at a trading volume of $65.09 million in the last 24 hours.
This is not the first time that a large cryptocurrency exchange offered users the possibility of purchasing cryptocurrencies using credit and debit cards. In the past, Binance added support for crypto purchases using this method.
Meanwhile, the crypto exchange bitFlyer has also added a new functionality called “Instant Buy” that helps clients of their platform to buy digital assets using a wide range of local transfer methods including Sofort, iDeal or GiroPay. Credit and debit cards are also supported by this exchange.