Binance Launches I / O Money in Hryvnia

Binance Launches I / O Money in Hryvnia
CONTENT

  • Users can withdraw hryvnia

  • Buying cryptocurrencies with fiat money will become easier

  • The exchange develops crypto lending

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Binance, the leading cryptocurrency exchange in terms of trading volume and number of users, announced the connection of a new fiat gateway SettlePay for depositing and withdrawing Ukrainian hryvnia (UAH).

Binance Launches I / O Money in Hryvnia

The addition of a new fiat gateway will allow users to deposit and withdraw hryvnia through their Binance wallet using Mastercard and Visa bank cards. 

“The main advantages of the new fiat gateway are low commissions for depositing and withdrawing funds in UAH – only 1%, as well as speed. It takes no more than a few seconds to process a transaction, ”said Gleb Kostarev, director of Binance in Ukraine..

Once hryvnia is available in the Binance wallet, users will also be able to buy and sell BTC or USDT for hryvnia directly using the BTC / UAH and USDT / UAH trading pairs..

Earlier, BeInCrypto reported that Binance P2P added support for the Ukrainian hryvnia. Now users of the exchange can sell and buy cryptocurrencies directly for Euro (EUR), Malaysian ringgit (MYR) and Ukrainian hryvnia (UAH). On the Binance P2P online platform and in the Binance mobile app, users can exchange these currencies for Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), as well as BUSD and USDT stablecoins without commission..

Binance Launches I / O Money in Hryvnia

Cryptocurrency Lending from Binance

 

Also, BeInCrypto previously wrote that the exchange launched two more lending products. Loans in BUSD and USDT tokens are now available to users. The coins will be available for a 30-day term loan. At the same time, the annual interest rate for BUSD tokens will be 15% per annum, and for USDT – 12% per annum. The lot size is 100 USDT or BUSD.

P2p lending is one of the easiest and most affordable ways to make money on cryptocurrencies. The user simply lends his own assets at a certain percentage. At the same time, the size of the interest rate will be controlled by the platform itself, which is used by the lender and the borrower..

Note that the risks in such activities are minimal, since when issuing a loan, the lender always receives a security amount that must compensate for possible damage. As a rule, the collateral amount is 70% of the loan amount. In addition, the borrower is required to maintain the liquidity of his asset if it falls in value. Thus, p2p lending can be an excellent way to earn money not only for exchanges, but also for private lenders. You can find out about other types of earnings on cryptocurrencies here.

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