Binance Australia suspends users from using bank transfers for AUD deposits and withdrawals

2023-06-01 17:38:31

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ChainCatcher message, Binance Australia tweeted that it will no longer support Australian Binance users using bank transfers for AUD deposits and withdrawals. As of June 1, Binance has stopped all AUD trading pairs.

To facilitate withdrawals and trading activities after June 1, users can convert their AUD balance to USDT. Users can still buy and sell cryptocurrencies using credit or debit cards, and the P2P market of Binance Australia will continue to operate as usual.

Additionally, Binance Australia is seeking alternative providers to continue offering AUD deposit and withdrawal services to users. User funds are secured through the Secure Asset Fund for Users (SAFU), which provides protection for Binance users and their funds in extreme cases. (Source link)

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