Hong Kong-based top cryptocurrency exchange, Bitfinex, has announced its users can now acquire cryptocurrencies with their debit and credit cards.
The cryptocurrency exchange owned and operated by iFinex Inc. made this announcement via its official twitter handle on December 20.
From today, Bitfinex users will be able to buy cryptocurrencies with credit or debit cards 💳
— Bitfinex (@bitfinex) December 20, 2019
According to it, the exchange’s users can now purchase their preferred cryptocurrency directly with their debit and credit cards.
Users can buy directly Bitcoin, Etherum, USDT or any other ERC-20 tokens that are listed on the exchange. In short, the whole process has been significantly simplified.
The exchange further stated that the minimum purchasing amount is $25; the maximum depends on users’ credit/debit card limit. The exchange also offers multiple payment processor options.
Notably, Bitfinex is not the first crypto exchange to permit deposit via credit and debit cards. Binance exchange allows its users to purchase cryptocurrencies with various fiat currencies stored on credit and debit cards.
Bitfinex recent developments
Bitfinex, recently became more flexible, because it announced its supports fee-free small deposits. As earlier reported, its clients who deposit less than $1,000 equivalent don’t have to pay any extra charges.
In December alone, it has witnessed several developments. Recently, it struck a new partnership with Bitrefill, a famous crypto store. The new connection to allow the trading platform’s clients to shop with Bitcoin (BTC) over the Lightning Network.
The partnership will enable users to purchase over 2,000 different prepaid vouchers with BTC.
Bitfinex also became the first platform to fully integrate Bitcoin Lightning Network deposits and withdrawals.
Earlier this year, the crypto exchange opened up its professional standard trading option to everyone by removing the $10,000 minimum equity threshold.
The exchange explained that there had been an overwhelming demand coming from the community. To that end, Bitfinex also noted that it had been consistently working to advance its infrastructure and services.