Tired of paying high fees for your BTC or ETH transfers? We’ve got you covered! Our engineers have just integrated Binance Smart Chain (BSC) payments for 10 new cryptocurrencies.
Now you can open the following accounts and enjoy BSC payments that cost $0.25 per transaction instead of $50 using traditional Ethereum ERC20 tokens:
DAI – Dai
DOT – Polkadot
XRP – Ripple
BAND – Band Protocol
XTZ – Tezos
ONT – Ontology
ADA – Cardano
ATOM – Cosmos
YFII – DFI.Money
EOS – Eos
The transaction cost is very affordable. Here are the SimpleFX payments time and fees estimations for BSC and ETH Networks for May 2021:
| BEP-20 | ERC-20 | |
| Deposit | free | free |
| USDT Withdrawal | $0.25 | $50 |
| Deposit confirmation time | 1 min | 15 min |
Binance is one of the major cryptocurrency exchanges and they are developing their own payments ecosystem to help their customers make cheaper and faster transfers. Read more about BSC and how to use it in our separate blog post.
At the moment we have over 50 different account types available. We are going to integrate more cryptocurrencies into SimpleFX, so you can easily invest your tokens in stocks, gold, silver, or any other assets.
BEP-20 payments have been available for SimpleFX USDT, BNB, and BUSD accounts since February, and we have noticed a growing interest from our traders. Next week we are going to introduce:
BTC
ETH
LINK
LTC
BCH
ZEC
ETC
Stay tuned!
When using BEP-20 transfers you have to be careful not to confuse them with the ERC-20 tokens. Make sure that you choose the right network for your SimpleFX deposits, and when withdrawing money, double-check if your wallet supports BEP-20 payments.
Enjoy the most economical transfers and invest your crypto! Money never sleeps 🙂
