Announcement for Withdrawals and Deposits from Binance: Which Users Will Be Affected?

Cryptocurrency exchange Binance confirmed on Monday that it is temporarily suspending US dollar bank transfers from Wednesday.

Binance Suspends Deposits and Withdrawals in US Dollars

Binance made the official announcement of the development as follows:

“We are writing to inform you that we will suspend USD deposits and withdrawals as of February 9, 2023 01:00 Turkey time. After this time, USD withdrawal functionality will be temporarily disabled and deposits sent to Binance USD accounts will be rejected and returned to the sender. It is important to note that balances and other platform functions were not affected.

We are working to resolve this administrative issue as soon as possible and will let you know as soon as we can resume USD deposits and withdrawals.

We apologize for any inconvenience this may cause.”

A spokesperson for the company also made a statement on the subject. “We are temporarily suspending USD bank transfers as of February 8,” the spokesperson said, noting that only 0.01% of monthly active users use USD bank transfers.

It has been reported that users have been notified of the situation.

“Meanwhile, all other crypto trading, including wire transfer, credit card, debit card, Google Pay and Apple Pay, and crypto trading via our Binance P2P marketplace, using one of the other fiat currencies supported by Binance (including the Euro), the spokesperson said. methods will not be affected,” he added.

*Not investment advice.