Binance card cashback

binance card cashback

How does Binance card cashback work?

1. How does Binance Card Cashback work? Binance Card offers cashback for every purchase that you make with the card*. The cashback percentage depends on your card level, based on the amount of BNB holdings in your Binance wallets. Cashback is calculated on a daily basis for each settled** purchase from the previous date.

How much BNB Cashback can you get on Binance?

The level of cashback you will receive is going to depend on how many BNB tokens you hold on your Binance account. To receive the base level 1% cashback, you don’t need to hold any BNB. To receive the highest cashback tier (8%), you need to have been holding 6,000 BNB on Binance for the last 30 days.

What is the best way to use my Binance card?

Binance has the right to the final interpretation of whether the transaction is a subject of the reward (aka the Binance Cashback). We recommend you use your Binance Card directly for payments instead of using external e-wallets.

How does the cashback program work?

The cashback amount distributed each day equals the total amount of trading fees users actually paid the previous day, reflecting the application of the VIP discount and BNB discount; the liquidation fee and the delivery fee of the Futures are excluded from the cashback program.

What is the Binance card cashback policy?

Binance Card offers cashback for every purchase that you make with the card*. The cashback percentage depends on your card level, based on the amount of BNB holdings in your Binance wallets. Cashback is calculated on a daily basis for each settled** purchase from the previous date.

Is the Binance card worth it?

Binance Card cashback bonus One of the best parts about the Binance Card is that it offers a cashback bonus on your purchases. The cashback is paid in the form of BNB, the token used by the Binance exchange. The level of cashback you will receive is going to depend on how many BNB tokens you hold on your Binance account.

What is the cashback percentage for Binance staking?

The cashback percentage will depend on your card level, which is based on the amount of BNB staked at your Binance wallets. Binance will continue to add new benefits and perks to this program.

Where can I see the earned Binance cashback?

Where can I see the earned Binance Cashback? You can see the cashback rewards under [Transaction History] along with the original purchases. Cashback is calculated and transferred to your Funding Wallet after the purchase is settled (typically happens a few days after the purchase).

For example, if your BNB monthly average balance is 5 BNB, which is between 1 BNB (card level 2) and 10 BNB (card level 3), you are qualified for card level 2 and can receive 2% cashback on your purchases. 3. Where can I see the earned Binance Cashback?

How much BNB do I need to be qualified for cashback?

How do I use the Binance virtual card?

You can use the Binance virtual card to make transactions online. Simply enter your Binance Card details on the payment page when you checkout. You will receive an in-app notification or verify purchase email from Binance. Verify your 3D Secure Verification (3DS) as instructed.

How to buy Bitcoin on Binance?

After you have checked your id, go to “Buy / Sell” to buy your Bitcoin. The Bitcoin will be delivered to your wallet directly. Ironically, as you can’t get a Bitcoin use credit card on binance or debit card on sale, as the use credit card on Binance does not endorse a fictitious currency.

How do I open a Binance wallet?

Firstly, go to binance.com and log in to your account. You can also use the Binance mobile app for this. However, we’ll be using the desktop version of Binance in this guide. Once you’ve on Binance, click on “Wallet” on the top navigation bar.

How to withdraw GBP from Binance?

As of writing this article, there are only two ways on how to withdraw GBP from Binance currently available to us – Faster Payments and Bank Card (VISA) transfer. To withdraw, first navigate to Wallet -> Fiat and Spot and click on Withdraw next to your GBP balance.

How Do Cash Back Credit Cards Work? Every time you make an eligible purchase with your cash back credit card, your card issuer will pay you back a percentage of that transaction. But just as you don’t have to pay your credit card bill immediately, your cash back reward won’t necessarily pay out immediately.

What is an example of a cash back reward?

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