- Withdrawals and deposits in US dollars can be made using SWIFT bank transfers, and there are no costs associated with deposits made through Binance, as well as through credit and debit cards, ApplePay and GooglePay.
- Users of Binance are provided with a fiat e-wallet by BPay Global. This wallet is intended to enable users to hold their own funds with a regulated company in global fiat currencies, including USD.
Binancethe global blockchain company behind the largest cryptocurrency exchange in the world in terms of trading volume and users, announced today that it would now allow its customers in over 70 countries to make direct deposits and withdrawals in USD.
Through BPay Global, a payment service provider licensed and regulated by the Central Bank of Bahrain and a member of the Binance Group, retail and corporate customers in eligible countries will be able to conveniently fund, store and convert USD to cryptocurrency from their fiat wallet and vice versa. Withdrawals and deposits in US dollars can be made using SWIFT bank transfers, and there are no costs associated with deposits made through Binance, as well as through credit and debit cards, ApplePay and GooglePay.
“After much anticipation, we are excited to offer our users direct entry and exit for USD, the most used currency for transactions around the world, catering to our diverse global user base and their needs,” said Binance VP of Fiat Thomas Gregory. “By providing broader USD services, we can further lower the entry barriers to low-cost crypto and enhance the user experience within our platform known for its world-class security.”
Users of Binance are provided with a fiat e-wallet by BPay Global. This wallet is intended to enable users to hold their own funds with a regulated company in global fiat currencies, including USD, and to spend those funds directly on the Binance platform.
The payment service provider BPay Global BSC (c) is a company registered in the Kingdom of Bahrain. The Central Bank of Bahrain has granted the company a license and authority to operate it as a side provider, also known as a payment service provider (PSP).
Binance, an industry-leading global blockchain ecosystem, is the driving force behind the largest cryptocurrency exchange in the world in terms of trading volume and registered users. Through its industry-leading security, transparency, trading engine speed, investor protection, and unmatched portfolio of digital asset products and offerings, including trading and finance, education, research, social benefit, payments, institutional services, and Web3 capabilities, Binance has earned the trust of more than 290 million people in more than a hundred countries. Using cryptocurrency as the primary mechanism, Binance is committed to developing an ecosystem that includes cryptocurrencies to expand the freedom of money and access to financial resources for people worldwide. For more information, visit the website at https://www.binance.com.
