Binance Introduces Fiat to Crypto

Binance will add Fiat to crypto trading pairs

Binance, one of the most popular Cryptocurrency exchanges in the world, has plans to enable their customers to buy Cryptocurrency directly with fiat currency. The complicated process of buying cryptocurrency has been an obstacle for many potential investors. Instead of buying a currency like Steem directly, one must purchase Bitcoin or Ethereum first through companies like Coinbase. Once the Bitcoin is purchased, it must then be moved to an exchange to buy Steem or whatever cryptocurrency is desired. Throughout the entire process, the customer is paying fees and experiencing long delays before they can even begin to purchase the coin they are interested in. Recent moves by Binance may change this entire process.

Binance has moved their operations to Malta which is fast becoming one of the most “Crypto friendly” regions in the world. Originally headquartered in Hong Kong, Binance had major concerns over the often unpredictable regulations imposed on Bitcoin and the cryptocurrency markets by China.

Binance is working with local banks in Malta to set up fiat to crypto trading pairs. This action will enable investors to buy cryptocurrency directly with US dollars or Euros without having to go through Bitcoin first. The ability to buy directly with fiat is sure to bring in many investors as the entire process will be so much easier.

This development will be a welcome change to many who have experienced less than stellar treatment from the banking establishment. Early 2018 saw many banks ban credit card purchases of cryptocurrency. Some banks even imposed significant fees for debit card transactions as well. Coinbase also had a problem with merchant services double charging customers for many transactions.

The ability to buy cryptocurrency with fiat dollars and Euros will completely change the landscape of cryptocurrency investing. Get ready, Crypto is going mainstream whether the banks like it or not.

The Price of Bitcoin: What Does It Mean?

The much touted crash of Bitcoin deserves a bit of perspective. We have compiled a list of some of the most popular cryptocurrencies including several altcoins which we are invested in. The altcoins tend to follow Bitcoin which means the recent crash of Bitcoin has also caused many of the altcoins to crash.

Below you can see the current price of each coin followed by the historical price of each coin from 1 year ago.
At the time of this printing, the gains made by these coins even with the recent crash are quite impressive. If we were talking about the stock market these kind of gains would be almost unheard of.

The historical chart for Bitshares is from the spring because the coin was worth less than 1 cent as of a year ago. The current prices are from a live feed, so it will be interesting to see how these coins fare in a few weeks.

What is Bitcoin?

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin. Author of “The Internet of Money”, Antonopoulos has a unique way of explaining Bitcoin and the blockchain technology.