Binance Suspends Direct Withdrawals to USD Cards

Russian users of Binance reported that for several weeks they have not been able to withdraw funds to USD cards. The exchange cites technical reasons.

The site is working on integrating a new fiat gateway, but the timing of the withdrawal recovery is unclear.

“The integration process takes a long time. We will publish a separate notification as soon as the function for direct withdrawal of USD to the card is restored, ”Binance representatives said in a comment for Hodlmonks.

They emphasized that it is possible to withdraw USD through Payeer and Advcash systems.

The support service advises users to use a p2p platform, but this solution is not suitable for everyone.

As a reminder, Binance added support for the USD in October 2019 in partnership with Advcash. In December of the same year , trading pairs with the USD appeared on the floor .

In February 2020, Binance opened the possibility of buying cryptocurrencies from a Visa card for USD.

In September 2020, Roskomnadzor notified the stock exchange about the inclusion in the register of prohibited sites , but in January 2021 the court canceled this decision .

Earlier, the Ukrainian monobank suspended accepting SEPA payments from Binance due to the ban on the side of foreign intermediary banks.

Leave a comment