Cryptocurrency Exchange Binance Binance has repeatedly helped Ukraine amid the military conflict with the Russian Federation. In the early days, Binance set up an emergency relief fund with the goal of providing refugees with a safe haven far enough away from the conflict. In addition, the company has personally allocated $10 million for humanitarian aid and is cooperating with the Ministry of Digital Development on issues such as sanctions compliance, identification of Ukrainian users, and educational initiatives.
Account Registration: binance.com
Card Order Page: https://www.binance.com/uk-UA/cards/
Tips for getting a Binance Refugee Card for Ukrainians:
1. https://www.binance.com/uk-UA/blog/charity/faq-binance-card
2. Frequently asked questions https://www.binance.com/uk-UA/blog/charity/faq
In April 2022, another option was announced to support Ukrainians who found themselves far from home. Today, the editors of cryptomais.com will talk about such a solution as the Binance Refugee Card for refugees from Ukraine.
Tips for Getting a Binance Card for Ukrainian Refugees
Many Ukrainians are now in the European Economic Area (EEA) countries. Thanks to the new solution, they will be able to freely convert and spend their cryptocurrencies in stores that accept online payments (there are more than 60 million of them). Be aware that refugees who contact organizations on the websites and apply for a Binance Crypto Card it depends also 75 BUSD per month for three months, which corresponds to the level of charitable assistance recommended by the Office of the United Nations High Commissioner.
Order and use the card – book for Ukrainian refugees. But all the conditions listed below must be met.
Tips for receiving the Binance Refugee Crypto Card:
- To create account at the stockbroker.
- Full KYC, which includes facial verification and provision of a Ukrainian passport. You will need to indicate your Ukrainian address, as on your ID card, and enter your full name in Latin, as on your international passport.
- Add a phone number from any EEA country to your Binance profile (Security section). Please note that after changing the number in the settings, trading functionality will be limited for the next 24 hours.
- If your name was previously indicated in Cyrillic, you need to change it to Latin and five days later start applying for the card.
- Go to “Finance” -> “Card” section Binance View".
- Click Get Started. The Binance Refugee Card is available to European citizens and Ukrainian refugees in Europe. Start the application process – check if the card initials are correct, click “Next”.
- Set a PIN code that only you will know. Like any bank card, it serves to confirm transactions when withdrawing funds from ATMs or paying for purchases in offline stores.
- Enter the address where you currently live in the EEA – the physical Binance Card will be sent there. Please double-check all the information provided.
- Agree to the terms and conditions of the product and complete your order. After placing your order, you will immediately receive a virtual card that you can use online, and the physical card will be delivered later.
The demand for cards is high, so delivery takes at least two weeks, and in some cases (depending on the state to which the card is being sent) it can take up to eight weeks. In any case, if it has been 45 days and you have not received the card yet, there is a risk that it may be lost during delivery.
Using the Binance Refugee Card
To start using your Binance Card, you need to top it up. It’s simple – transfer assets to the card account from your wallet by clicking “Top Up” on the card page. Enter the amount and confirm the action. You can select priority currencies for debiting, i.e. deposit multiple cryptocurrencies, and specify the sequence of their debiting when paying with a card.
Binance Card Limits for Ukrainian refugees:
- Virtual card – 500 EUR per day
- Physical card – 2,000 EUR per day for purchases and 200 EUR for cash withdrawals
Commission rates:
- Payment and withdrawal transactions – up to 0.9%
- The initial issuance of the card is free, renewal costs 25 euros.
- There are no fees for account closure or inactivity for one year.
Additionally, cashback ranging from 0.1% to 8% is offered, the amount of which is determined based on how much BNB the user has in the exchange wallet.
How to pay with Binance Refugee Card at online stores:
- Go to a website that supports card payments.
- Select the product you wish to purchase, fill in the requested information and select the bank card payment option.
- Copy the card information from the Binance website and fill in the fields in the online store.
- Confirm payment and wait for confirmation.
- Once you receive a physical card, you can pay with it in offline stores using a POS terminal in the same way you normally do with a bank card.
- Details of all transactions are on the card page and can be viewed by logging into your exchange account.
Card details – number, CVV code, expiry date – are opened by clicking the “Show details” button. To view them, your phone number must be verified. Also on the map page you can “Freeze” or “Unfreeze” it at any time.
Frequently asked questions
Conclusion
The main goal that Binance wants to achieve by issuing the Binance Refugee Card cryptocurrency card for refugees from Ukraine is to support people who find themselves in difficult conditions by providing them with a simple and convenient payment instrument with which they can spend cryptocurrencies where they currently live. In this, Binance follows its strategy of actively participating in humanitarian initiatives. The exchange cooperates with many non-governmental organizations, including Palyanitsa, Rotary Club Kyiv International, Truhoma, PIN (People in Need), iSans.