Binance On-Ramping Troubles
Recently I had a payment to Binance rejected and returned back to my account (less their fee), which I thought was strange as according to their last communication, the payments are ok to make until the 25th Sept.
Although they mention they are just changing their provider, it seems they don't have a new one yet. Not only that, they also will not allow people to convert EUR fiat balances to crypto in the future, which seems strange. So you could only buy crypto at fixed prices with fiat in future. One of the things I liked about Binance were the fiat markets.
On-ramping without SEPA bank transfers could now be more expensive with Binance by a factor of 10-15 times depending on how much you are depositing. Although they still seem cheaper than some of the non-SEPA competitors fees.
In the meantime I have been looking for some alternative solutions and got a couple of recommendations that I am testing out. I usually don't like to have lots of accounts and doing lots of KYC and remembering usernames and passwords.
Anyhow, so I initiated a couple of test payments of 100 EUR and unlike to Binance, the payments via bank transfer have arrived the next day and I could buy the crypto at pretty good rates that I had not expected.
I was testing the prices offered against Live Coin Watch and they were bang on the money which was pretty good. The only bad thing is that Binance have a pretty liquid Hive market and this was good to on-ramp directly there and buy Hive. Now I will need to add an extra step before doing that, although I do like the new services so far, it is good to add some extra options to onramp.
Are you affected by the removal of SEPA payments by Binance?
Credits:
All images are my own unless stated.
Let's connect : mypathtofire
Yay! 🤗
Your content has been boosted with Ecency Points, by @mypathtofire.
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
I don't use Binance (you already know that) but this sounds and looks very strange... there's obviously something going on, and we don't know what.
I resent another transaction and it seems to have gone through this time. But I think Binance are facing some regulatory pressures in the EU now.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
Thanks for your support team.
Well, that sucks... The last time I was buying BTC (2-3 years ago), I had similar problems that my deposit failed... But, I think it was a different problem as at that time, I suppose Spain was messing things up and forbidding people from buying crypto in general...
It looks like the battle continues...
Yeah I think the battle continues, but I was surprised the other providers worked and it is still possible to on/off ramp.
That's how things are starting to look in the US. Not many on ramps or off ramps to crypto. It's pretty much Coinbase and Crypto.com. It is kind of sad how we are going down this road. There is some good news though that I will be writing about on Friday.
Yeah I was thinking they tightening the noose like in the US. We also have crypto.com and now I have these other 2 luckily. Looking forward to your Friday Finance/Food update :)
I don't know if I will have any food to include this time. I'm running out of stuff! It's gonna be a long winter if I can't find more content between now and then!
Are there any good restaurants you could visit? A few take-away places even?
I'm not sure. We are going to be on the road this weekend quite a bit I think. Probably next weekend I might have a chance. We have a bigger trip on the horizon which will hopefully supply me with a bit of content. It's a ways away yet though.
I feel you Bozz. I hope you manage to put something together.
Wow didn't knew you could buy hive directly from binance. I can only buy usdt I think then convert to hive.
yes they have a Hive market there.
!DHEDGE & !BEER as an extra.
Thanks!
View or trade
BEER.Hey @mypathtofire, here is a little bit of
BEERfrom @qwerrie for you. Enjoy it!Did you know that <a href='https://dcity.io/cityyou can use BEER at dCity game to buy cards to rule the world.
This post has been selected for upvote from our token accounts by @qwerrie! Based on your tags you received upvotes from the following account(s):
- @dhedge.bonus
- @dhedge.leo
- @dhedge.ctp
- @dhedge.pob
- @dhedge.cent
@qwerrie has 9 vote calls left today.
Hold 10 or more DHEDGE to unlock daily dividends and gain access to upvote rounds on your posts from @dhedge. Hold 100 or more DHEDGE to unlock thread votes. Calling in our curation accounts currently has a minimum holding requirement of 100 DHEDGE. The more DHEDGE you hold, the higher upvote you can call in. Buy DHEDGE on Tribaldex or earn some daily by joining one of our many delegation pools at app.dhedge.cc.
Did you create the article thumbnail on your own?
Yes, I drew it myself quickly! lol
I thought so! I knew from your posts that you were taking up drawing. Looks pretty good for a quick sketch, and right on point!
Thanks. I try to add a personal touch.
Wow!
I have seen people complain about this a lot of times and it is very crazy but it has never happened to me
Why does that happen?
It is sad
Yeah I cant understand it. They called me earlier very bizzarely from an unknown number too.
I do not use Binance myself but I know a lot of other Hivers do, all of this might also be a contributor to Hive losing value in addition to the bear market as Binance is such a big market for Hive, thanks for sharing Steve and enjoy your day.
!ALIVE
@mypathtofire! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ flaxz. (4/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Thanks Erik. Yeah it will be more inconvenient if it is harder to access Hive's biggest market. Have a great day too!
Yes that is true, but maybe we will have more options down the line because of it.
!BBH
@mypathtofire! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @flaxz. (15/50)
o.o nope cuz i have no money to onramp lol. just whale problems as usual ~
Everyone needs to on and off ramp bro!
o.o that only works if u have money
I will wait for hive-engine to develop a card like a credit card with which we can make crypto payments all over the world 😜
!LOLZ
!PGM
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
lolztoken.com
They both measure wait.
Credit: reddit
@mypathtofire, I sent you an $LOLZ on behalf of bencwarmer
(3/8)
ENTER @WIN.HIVE'S DAILY DRAW AND WIN HIVE!
Im sure there is a proposal for this somewhere.. lol
Without KYC 🤣
Of course :D
Binance is not the only CEX messing around with removing SEPA payments and allowing only credit / debit card payments. I expect more on-/off-ramp options to come to Hive as we move forward.
Yeah, it seems things getting trickier. Looking forward to in ramp easier.
Seems you guys are having the same issues with Binance as we are. From the summer it is now a nogo from the UK.
Sorry to here that Ed. I do not recommend to try yield.app. either, they charged me 20€ to withdraw 100€ of bitcoin.
WOW! That is crazy, I used to use CEX and only used Binance as HIVE was listed there, so now back to CEX which is UK based.
Really weird... I got also a notification that they will change BUSD for FDUSD.
yeah its really weird. I used Swissborg today though and it was pretty good.
I will check that. I could imagine that Binance has to do it because of some new regulatory rules.
At least zero fees for BTC/FDUSD for a while.
Support for BUSD will be discontinued in February 2024 because of SEC's actions. I suppose FDUSD will be their new stablecoin they will support instead of BUSD.
Okay... thanks
Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below
View or trade
BEER.Hey @chaosmagic23, here is a little bit of
BEERfrom @isnochys for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.How does the FDUSD rate as a stable coin?
It's a new one from June 2023, backed 1:1 by USD or liquid assets, from what I read, and it's issued by a Hong Kong firm, instead of a US-based one. Exactly what Binance said they would do. Except it's still US-pegged, they initially said they might peg it to another currency in the world but looks like they gave up on that rather silly idea. So, most likely, it's Binance's stablecoin, just like BUSD was. The difference is it doesn't have any history and it isn't issued from a US-based jurisdiction.
Thanks. Another smart move from Binance.
Your post has been promoted with 1 ALIVE (burned by @youarealive) on We Are Alive And Social thanks to publishing your post in the We Are Alive Tribe Community using Ecency.
!ALIVE
!LUV
Made in Canva
@mypathtofire, @iamalivechalleng(5/10) sent LUV. | connect | community | HiveWiki | NFT | <>< daily
! help(no space) to get help on Hive. Info@mypathtofire! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ iamalivechalleng. (5/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Thank you for burning ALIVE tokens and supporting the We Are Alive Tribe, you have earned 1 tickets for our weekly ALIVE Burning Contest.
!ALIVE
!BBH
!LUV
Made in Canva
Follow our Curation Trail
@mypathtofire! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ aliveprojects. (17/30)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
@mypathtofire, @aliveprojects(7/10) sent LUV. | connect | community | HiveWiki | NFT | <>< daily
! help(no space) to get help on Hive. Info@mypathtofire! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @aliveprojects. (7/20)
You've been curated by @plantpoweronhive! Delegations welcome!
Thanks for your support
I wasn't aware they removed SEPA payments. It doesn't affect me personally, since I refused to KYC my Binance account and I can't deposit or withdraw anything from there.
Yeah it is a pain with no sepa payments, but I have found a few alternatives now and some P2P ones that I will test out.😉
Some P2P options will probably be viable alternatives. I will be interested in your findings.
I think so too. I will do a write up about them soon.
I dont go to the external market much, but I tend to do it via Nexo - I find it pretty good. You cant buy HIVE there, but I tend to buy LTC and then move it to hive engine, and then sell it there for HIVE. Works for me. Can provide a recommendation link for Nexo if needed.
!LOLZ
!PIZZA
lolztoken.com
He could never reach the city limit.
Credit: reddit
@mypathtofire, I sent you an $LOLZ on behalf of hoosie
(2/10)
ENTER @WIN.HIVE'S DAILY DRAW AND WIN HIVE!
Nexo is pretty good, I have used them a bit before. They seemed to have survived some scares pretty well.
$PIZZA slices delivered:
@hoosie(7/15) tipped @mypathtofire