- Withdrawals and deposits in US dollars may 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 meant to enable users to keep their own funds with a regulated company in worldwide fiat currencies, including USD.
Binance, the global blockchain firm that is behind the biggest cryptocurrency exchange in the world in terms of trading volume and users, made the announcement today that it would now allow its customers in over 70 countries to make direct deposits and withdrawals in USD.
Through BPay Global, a Payments Service Provider that is licensed and regulated by the Central Bank of Bahrain and is a member of the Binance Group, retail and corporate customers in countries that are qualified will have the ability to conveniently fund, store, and convert USD to cryptocurrency from their fiat wallet and vice versa. Withdrawals and deposits in US dollars may 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 happy to offer our users direct on- and off-ramp for USD, the most used currency for transactions around the world, which caters to our diverse global user base and their needs,” said Binance VP of Fiat Thomas Gregory. “Providing wider USD services allows us to further lower entry barriers to crypto with low costs and enhances 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 meant to enable users to keep their own funds with a regulated company in worldwide fiat currencies, including USD, and to spend those funds directly on the Binance platform.
The Payment Services Provider BPay Global B.S.C (c) is a company that is registered in the Kingdom of Bahrain. The Central Bank of Bahrain has granted the Company a license and the authority to govern it as an Ancillary Service Provider, also known as a Payment Service Provider (PSP).
An industry-leading global blockchain ecosystem, Binance is the driving force behind the biggest cryptocurrency exchange in the world in terms of trading volume and registered users. Through its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings, including trading and finance, education, research, social good, payments, institutional services, and Web3 features, Binance has earned the trust of more than 290 million people in more than one hundred countries. Through the means of cryptocurrency as the primary mechanism, Binance is committed to developing an ecosystem that is inclusive of cryptocurrencies in order to expand the freedom of money and access to financial resources for people all over the globe. For more details, please visit the website at https://www.binance.com.