• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Altcoins Technical Analysis
Nexo Logo

Fees Are “Ungodly”, Buy XRP at Binance Using Your Credit Card

Dalmas Ngetich by Dalmas Ngetich
3 years ago
in Uncategorized
Reading Time: 2 mins read
Advertisement
  • Ripple Prices under pressure but bullish
  • Buy XRP using your credit card at Binance
  • Transactional volumes are below average

Good news is Binance is opening up new demand corridors after finally allowing users to buy XRP and other cryptos using their credit card. Undoubtedly, this will help fuel demand and prop XRP prices that risk dropping below 30 cents.

Ripple Price Analysis

Fundamentals

The maverick founder of Binance, Changpeng Zhao has confirmed that indeed one can purchase XRP using their credit cards. If you remember well, buying digital assets via credit cards was something frowned upon by banks.

A friend of mine tried to buy xrp on Binance with a credit card last night and it wasn’t available yet. Checked this morning and it is now live. You can purchase XRP with your debit or credit card. 3 for $1 but not for long baby! #xrparmy #xrpcommmunity https://t.co/hP0c4VGGRd

— XRP to the Nations (@XRPcryptonation) February 11, 2019

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

During the last leg of a bull run that saw asset prices more than quadruple, investors, as well as speculators armed with nothing more than a superficial knowledge of what they were getting involved with, didn’t hesitate to spend everything they had not to miss out.

While others sold their personal belongings including houses, others decided to use their credit cards. Unaware of how volatile prices were at that time, JP Morgan and UK’s Lloyd Bank took it upon themselves, barring their customers from buying crypto using their credit cards. That soon became the norm.

Nonetheless, Changpeng Zhao and Simplex are ready to change this narrative. Aside from fees which some say are “ungodly,” users can now buy XRP using their credit card.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Sorry Binance, I usually recommend your exchange. I cannot recommend your direct purchases with credit card. The fee is ungodly. That same BTC if purchased $4000 would yield $140 in fees! VS.. @UpholdInc at the same purchase and market rate would yield $42 in fees.

— V20 Cappin (@Projectsunltd) February 12, 2019

Candlestick Arrangements

Ripple

Meanwhile, prices are on a recovery path—that’s from what we can see. Even so, we shall take the cautious route and, in a wait-and-see approach, steady up for a massive, high-volume breakout above significant resistance and buy trigger line at 34 cents.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

The level is a minor resistance line defining the tops of the double bar bull reversal pattern of Jan 13-14. It also marks the highs of Jan 30 while simultaneously flashing with the all-important 61.8 Fibonacci retracement level anchored on Dec 2018 high low.

From the chart, it is clear that we have a double bottom thanks to the rejection of lower lows in late Jan and early Feb. Since we are bullish, drawing guidance from price surges of late Sep 2018, the only time we shall consider taking buy opportunities is when there is sufficient evidence from the chart. That is when prices race above 34 cents as laid out in previous trade plans.

Technical Indicators

Prices are ranging inside Feb 8, high-volume bar. Coincidentally, the same bar is oscillating inside the conspicuous bar of Jan 30. With abnormal volumes of 49 million according to data streams from BitFinex, the only confirmation that will sync with our assertion is when prices print above 34 cents complete with above average volumes exceeding 15 million—our recent averages and 49 million of Jan 30.

Tags: BinanceRipplexrp
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

bitcoin bear

Bearish Signal: Why Bitcoin Miner Sell-Offs May Continue

3 hours ago
bitcoin

Bitcoin Surge Towards $24k As CPI Report Show Inflation Cooling

3 hours ago
Crypto Bitcoin BTC BTCUSDT

Money On The Sidelines: Crypto Traders Accumulate Highest Buying Power In Two Years

7 hours ago
Ethereum

Ethereum Open Interest Nears All-Time Highs Ahead Of Merge

7 hours ago
Monero

Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

8 hours ago
TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

9 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Frontnode announces future support for additional cryptocurrencies (Bitcoin, Ethereum, Cardano, XRP, Dogecoin)

August 10, 2022

Hackless Pioneers B2B & B2C Security Tool for DeFi, Saving Nearly $500,000 for Clients

August 10, 2022

RoboApe and Solana: The Best Cryptocurrencies for Supporting dApps

August 10, 2022

Chronoly.io Presale Tokens Are Selling Out Fast, Hex Coin (Hex) And Filecoin (FIL) Suffer Loses

August 10, 2022

8 BEST Cloud Mining Sites of 2022

August 10, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.