Mastercard Lifts Restrictions on Binance: Use Payoneer & Other Cards To Buy Crypto

Mastercard had previously set restrictions on Binance, but these have now been lifted. Consequently, users can now use their Payoneer card as a payment method on Binance. This change solidifies Binance as a top fiat on-ramp for crypto, blending traditional payment methods with digital wallets for easy crypto purchases.

Key Takeaways:

1. Mastercard Lifts Restrictions: You can now buy crypto with Payoneer card on Binance.
2. Two Methods: Buy crypto directly with card, or via P2P trading.
3. User-Friendly Process: Simple steps explained how to use Payoneer and buy crypto.

Payoneer confirmed the news today with an email sent to their customers. Payoneer is renowned for its global payment services, enabling individuals and businesses to send and receive money worldwide. Although Binance doesn’t support Payoneer directly, users can still transfer money from their Payoneer account to Binance with ease.

How to Transfer Money from Payoneer to Binance

The simplest way to transfer money from Payoneer to Binance is by depositing funds with your Payoneer credit card to buy crypto.

Here’s a step-by-step guide how to buy crypto with Payoneer cards on Binance:

1. Sign into Your Binance Account: Start by signing into your Binance account via desktop or mobile. If you don’t have an account, open one with our link for a lifetime 10% trade fee discount, and complete the KYC process.
2. Buy Crypto with a Credit Card: Select the “Credit/Debit Card” option from the “Buy Crypto” drop-down menu on the Binance homepage.
3. Enter Fiat Amount: Choose your fiat currency and the cryptocurrency you want to purchase. Click “Continue”.
4. Enter Payoneer Card Details: Provide your card details and click “Confirm”.
5. Confirm Transaction: Review the order details and confirm the transaction within 10 seconds to lock in the rate.

Buying Bitcoin and Other Crypto with Payoneer

There are two main ways to buy Bitcoin and other cryptocurrencies with Payoneer:

1. Using Payoneer Credit Card: Follow the steps above to purchase crypto directly.
2. Peer-to-Peer (P2P) Trading: Use platforms like Binance P2P to buy crypto from other users. Log in to Binance, navigate to Binance P2P, find a seller, and use Payoneer to make the transaction.

Does Binance Accept Payoneer?

Binance does not accept Payoneer natively. Therefore, direct fiat transfers from Payoneer to Binance are not possible. However, users can use their Payoneer card to buy cryptocurrencies on Binance.

How to Buy USDT with Payoneer

To buy Tether (USDT) with Payoneer, use your Payoneer card following the steps detailed above. Alternatively, use Binance P2P to find a seller who accepts Payoneer.

Buying Crypto with Payoneer – Simple and Efficient

Transferring money from Payoneer to Binance is straightforward. By following the step-by-step guide, users can easily use their Payoneer funds to buy crypto via Payoneer card or on the Binance P2P marketplace.

Features:

95%

Review Score:

4.8 

Binance Review 

Sign Up 

You can discover the flexibility and convenience of using your Payoneer card on Binance today. Start trading now and experience seamless crypto transactions!