Last Update June 27th, 2023. Faster Payment System (FPS) is a real-time settlement service designed to connect banks with electronic payment systems.
Faster Payment System is also a popular method of payment for buying and selling bitcoin on a number of marketplaces.
If you are buying or trading bitcoin in high volumes with Faster Payment System our recommendation is to use Binance for your trading needs.
Where To Buy Bitcoin With Faster Payment System
| Company | Fees | Countries Supported | |
|---|---|---|---|
 | Binance | Free | All countries |
Table of Contents
How To Buy Bitcoin With Faster Payment System
Binance
| Website: | binance.com |
| CEO: | Changpeng Zhao |
| Headquarters: | Malta, European Union |
| Founders: | Changpeng Zhao, Yi He |
| Founded: | 2017 |
| Customer service: | Knowledge Base |
Binance is a first-rate exchange for experienced traders who are looking for a respectable cryptocurrency marketplace to perform real-time trades.
With over 166+ cryptocurrencies available, both beginners and advanced traders have a myriad of tools and pairs available to them within one powerful trading platform. Through Binance P2P, more than 700 payment methods are supported.
Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more.
Pros
- Trustworthy management
- High volume exchange
- Low fees
- A large number of cryptocurrency pairs
- Global support
Cons
- Few payment options
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
What Is Faster Payment System?
Launched in 2017, Faster Payment System (FPS) gives banking customers the ability to make payments across banks and e-wallets easily and efficiently, using only a mobile number or email address. The Faster Payment System operates 24 hours a day, 7 days a week.
Payments made using the Faster Payment System are available for the recipient immediately.
How Faster Payment System Works
Where Is Faster Payment System Supported?
All banks and e-wallet operators located in Hong Kong can participate in the Faster Payment System (FPS).