Bitfinex supports payments by credit and debit cards
Research on the most preferred online payment methods revealed that credit cards were the dominant option, followed by electronic payment and debit cards.
On the other hand, cryptocurrencies are still growing as a payment method and assets. Given that the industry is still in the early stages, growth is remarkable. With about $ 6 billion of daily transactions for Bitcoin alone, the size of the global blockchain market is expected to reach $ 57 million by 2025.
That said, the crypto ecosystem needs to grow exponentially to achieve the expected mass adoption.
As a crypto exchange, one of our efforts to grow the ecosystem is by building gateways between fiat and crypto. We are doing this by adding more payment options to encourage more people to buy cryptocurrencies on our platform.
Debit, credit, and debit card support on Bitfinex.
The rich access to credit and debit cards, along with the convenience they provide, will encourage people to explore the world of crypto further. What’s more, we believe it will also bring more people to embark on their first crypto journey.
Bitfinex is working with two different third parties to provide the new payment service to our users. Cryptocurrencies available for purchase include Bitcoin, Tether (USDt), Ethereum, and other ERC20 tokens.
We are confident that being able to buy Bitcoin with credit or debit cards on Bitfinex would become one of the most convenient ways to buy Bitcoin in the long run.
By embracing the payment methods that best suit the retail customers, Bitfinex is once again demonstrating a continued commitment to growing the crypto community.
Let’s bring more people to crypto and crypto to more people.
You can find details of the new credit and debit card support on our FAQ.