Binance opens EU/UK fiat on-ramp! by bengy

View this thread on steempeak.com
· @bengy · (edited)
$18.76
Binance opens EU/UK fiat on-ramp!
<div class="text-justify">

<center>![](https://images.unsplash.com/photo-1535031936019-9d7b045a0bde?ixlib=rb-1.2.1&ixid=eyJhcHBfaWQiOjEyMDd9&auto=format&)</center>

<center>[Unsplash](https://unsplash.com/photos/L7-TIRNG62k)</center>


As we all know, it is always a sticking point for newcomers to crypto to find trusted on and off ramps for crypto to fiat exchanges. Most of us have a trusted exchange that we often use, either [Coinbase](https://www.coinbase.com/join/58034401fb82d963dcd35ef4) or [Bitstamp](https://www.bitstamp.net). Personally, I find that [Coinbase](https://www.coinbase.com/join/58034401fb82d963dcd35ef4) has rather high fees and is a more regulated exchange (requiring KYC). [Bitstamp](https://www.bitstamp.net) is the one that I use more often, but the withdrawal (to fiat) can also attract an unwelcome fee. 

Launched just yesterday was another option in the EU/UK from the trusted global exchange, [Binance](https://www.binance.com/?ref=18699956). 

https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmQgdKBYt2WqqK4iNvDmFsZHUJfu9t62Hz1JxHAwJ7SyoB/thealliance_pagebreak.png

# <center>[Binance Jersey](https://www.binance.je/?ref=35020826)</center>

[Binance Jersey](https://www.binance.je/?ref=35020826) is the new fiat on ramp from Binanace. Operating out of the tax jurisdiction of Jersey Islands (hence the name!), this new spin off currently has pairs for Euro/GPB to BTC/ETH (so four pairings). It requires the making of a new account (it is NOT the same account as the [normal Binance site](https://www.binance.com/?ref=18699956)), which I assume is a way to seperate out any regulatory problems. Everything will be familiar from the big brother Binance site, trading displays and settings. Even the KYC is the same, unverified accounts have up to 2 BTC worth of daily withdrawal limits, which should be enough for most people!

Try out the new [Binance Jersey](https://www.binance.je/?ref=35020826) on-ramp, they are also running a couple of contests for the KYC verifications if you choose to take that route. Personally, I would make an account in any case, just for the extra options when you need to convert fiat to crypto or the other way around!

### <center>[Binance Jersey](https://www.binance.je/?ref=35020826)</center>


PS: All the links are referral links, if you don't want to use the referral feel free to strip out the referral identifier. 


https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmQgdKBYt2WqqK4iNvDmFsZHUJfu9t62Hz1JxHAwJ7SyoB/thealliance_pagebreak.png


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Supporting a wide range of top tokens and coins, the [Ledger](https://www.ledger.com?r=7db72b914099) hardware wallet ensures that your private keys are secure and not exposed to either real world or digital actors. Finding a happy medium of security and usability, [Ledger](https://www.ledger.com?r=7db72b914099) is the leading company in providing safe and secure access to your tokenised future!

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</div>



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πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 272 others
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vote details (336)
@minnowsupport ·
<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by Bengy (also musicapoetica) from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows.  Please find us at the <a href="https://discord.gg/HYj4yvw"> Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p> <p>If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=102530.639667%20VESTS">50SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=205303.639667%20VESTS">100SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=514303.639667%20VESTS">250SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=1025303.639667%20VESTS">500SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=2053030.639667%20VESTS">1000SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=10253030.639667%20VESTS">5000SP</a>. <br><strong>Be sure to leave at least 50SP undelegated on your account.</strong></p>
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@entrust ·
re-bengy-binance-opens-eu-uk-fiat-on-ramp-20190117t102401809z
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πŸ‘Ž  ,
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vote details (2)
@brupvoter ·
re-bengy-binance-opens-eu-uk-fiat-on-ramp-20190117t102434718z
You got a 7.46% upvote from @brupvoter courtesy of @bengy!
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@lost-ninja ·
re-bengy-binance-opens-eu-uk-fiat-on-ramp-20190117t102436480z
You have been defended with a 25.00% upvote!
I was summoned by @bengy.
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@votejar ·
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You got a 14.29% upvote from @votejar courtesy of @bengy!
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@boomerang ·
This post has received a 5.6 % upvote from @boomerang.
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@edensgarden ·
re-bengy-binance-opens-eu-uk-fiat-on-ramp-20190117t104401546z
Thanks for using @edensgarden!
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@dailyupvotes ·
re-bengy-binance-opens-eu-uk-fiat-on-ramp-20190117t110257961z
You got a 11.11% upvote from @dailyupvotes courtesy of @bengy!

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@luckyvotes ·
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You got a 8.54% upvote from @luckyvotes courtesy of @bengy!
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@ssg-community ·
Thank you for your continued support of SteemSilverGold
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@steemitboard ·
Congratulations @bengy! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@bengy/votes.png?201901171546</td><td>You made more than 53000 upvotes. Your next target is to reach 54000 upvotes.</td></tr>
</table>

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To support your work, I also upvoted your post!


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@thegoliath ·
$0.15
I have a Binance account, nothing on there right now though. But it's good to see them opening up a new segment for people.
πŸ‘  ,
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@bengy ·
Fiat bridges are always welcome! The easier it is for people transition easily between fiat and crypto the better!
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@tattoodjay ·
I am not to experienced at buying and selling crypto and till now I have just used coinbase, so its good to hear of new options
πŸ‘  
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@bengy ·
Coinbase is also decent.... it is easy to use, however unless you use Gdax (Coinbase Pro) you are paying much higher fees!
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@tattoodjay ·
Yes I have read that when I ever need to try and exchange some crypto I will look into them 
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@theluvbug ·
<center>

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If you would like to possibly receive future support from @theluvbug 
then please make use of the #theluvbug tag.

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@nickyhavey ·
Well that is a new discovery - straight back in to the #powerhousecreatives with an absolute gem of a find!

Thanks for sharing this. What are the fees like in relative terms to Coinbase? I found out that Coinbase has also linked to PayPal now, which I did a week or two ago. Great news for getting the masses in to crypto!
πŸ‘  ,
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@bengy ·
Yes Coinbase is fee free to exit via PayPal. However, you might collect a fee from PayPal to your account. If you could keep it in PayPal.

This is the fee structure from Binance Jersey 

https://www.binance.je/fees.html
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@nickyhavey ·
Thanks for the tip there, didn't know about fees on PayPal for keeping stuff there but does make sense. Don't use it all that much

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@quillfire ·
@nickyhavey,

Hey mate. Just thought I'd say Hi. Hi. :-)

*Quill*
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@nickyhavey ·
Why hello there @quillfire πŸ‘‹

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@quillfire ·
@bengy,

Good info ... I did not know. So much happens in cryptoworld that keeping up is all but impossible ... like drinking from a firehose.

*Quill*
πŸ‘  
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@bengy ·
Lol, a firehose that has all manner of questionable water quality!
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