The collaboration between Singapore Gulf Bank (SGB) and Binance Bahrain enables direct and instant transfers in US dollars for users of Binance Bahrain.
Benefits: 1. Direct transfers in US dollars Transfer of US dollars between Singapore Gulf Bank accounts and Binance Bahrain through banking services. 2. Instant processing
BBK (Bank of Bahrain and Kuwait) signs a historic Memorandum of Understanding (MoU) with Binance, the largest blockchain ecosystem in the world, to become the first bank in the Gulf Cooperation Council (GCC) countries to join the Binance Link program.
This partnership aims to achieve the first of its kind "Crypto-as-a-Service" integration in the region, which is pending final regulatory approval from the Central Bank of Bahrain (CBB).
Key aspects of the initiative: • Integration: Bank of Bahrain and Kuwait will integrate Binance's "Crypto-as-a-Service" solution (White Label) directly into its mobile banking application using APIs. • Customer Experience: Customers will be able to trade and manage crypto assets seamlessly through a dedicated dashboard in the BBK Mobile app, combining their traditional and digital investments on one platform without the need for a separate account on Binance. • Strategic Goal: This collaboration enhances the Kingdom of Bahrain's position as a leading regional hub for innovation in crypto assets and supports BBK's commitment to digital transformation and its "embedded banking" strategy.
How to use Gulf Singapore Bank on Binance Bahrain Step one: Click on Add Funds Step two: Select USD as the payment currency Step three: Select Online Banking (SGB) Step four: If you have an account with SGB Bank, select Yes, Continue
Step five: Add your personal account number with SGB Bank
Many people do not know this information, residents of the Gulf Cooperation Council (except for the UAE) can officially hold two accounts with Binance!
The first account: Binance Global The second account: Binance Bahrain
CZ burned four cryptocurrencies that he had previously acquired, with significant total values. These currencies are:
• 45.5 million coins of TUT, valued at 1.95 million dollars. • 10 million coins of BROCCOLI, valued at half a million dollars. • 798 million coins of BROCCOLI, valued at 1.1 million dollars. • 180 million coins of MUBARAK, valued at 350 thousand dollars.
The process of burning cryptocurrencies is an operation in which an individual or a group of individuals permanently removes a portion of the circulating coins, thereby reducing the total supply of the currency.
Funding/Deposit Methods for Binance Bahrain Account:
1. Deposit local currencies, such as Bahraini Dinar, Kuwaiti Dinar, Omani Rial, and UAE Dirham * Deposits are made via bank transfer to the Binance Bahrain account at the bank, and then the balance will appear in your Binance Bahrain account Note: There are no fees from Binance for deposits via bank transfer
2. Deposit by purchasing via debit card, any card that supports Visa or MasterCard or Apple Pay
3. Deposit by internal transfer from another account in Binance
4. Deposit by transferring cryptocurrencies from another platform or external wallet
Steps to obtain all your Binance account information
Binance provides a service to obtain all your account information such as registration time, and all transactions (all trades, all deposits and withdrawals, and also all person-to-person trades). The steps are as follows: 1. Click on the "Binance logo" on the homepage, then click on "Settings".
2. At the bottom of the page, click on "Privacy Center".
If you are traveling to the Kingdom of Bahrain and you are a Binance user - there is great news for you.
Binance users traveling to Bahrain do not need to exchange currency, because Binance transactions are accepted in Bahrain and payment is made via Binance Pay.
In 2023, a partnership was formed between Binance and EazyPay.
Through this partnership, you can pay in retail stores directly via Binance without any fees! You can shop at most retail stores such as:
- Jasmi's, Burger Land, Lumi, and many more. - Lulu, Carrefour, and the most famous supermarkets. - Adidas, Sharaf DG, and Doz and Derby cafes.
The method to switch and change between the global Binance account and the Binance Bahrain account is as follows:
Click on the Binance logo on the homepage, then click on the profile, and at the bottom of the page, you can see the feature to switch between accounts.
Note: You must open an account with Binance Bahrain or global Binance using a different email address first. #binancetips #binancebahrain
Binance Bahrain and Beyon Money - Citizens of Saudi Arabia 🇸🇦 can use the deposit method with Beyon Money > Reduced deposit fees > Direct and instant deposit > Alternative for Person-to-Person (P2P) service
Registration steps with Binance Bahrain! > Register via email/phone number > Specify the country of residence > The important step is to select "Binance Bahrain"