Binance Australia Halts AUD Fiat Deposits

Binance Australia reassures users, says they’re actively searching for a new option to keep AUD deposits and withdrawals available.

Binance Australia, the Australian branch of the largest cryptocurrency exchange, announced on Thursday that it has temporarily suspended its services involving the Australian dollar (AUD). They explained that this decision was prompted by actions taken by one of their external payment service providers.

Binance Australia Users on High Alert.

Binance Australia informed its users that their third-party payment service provider has indicated that bank transfer withdrawals will also be affected temporarily. However, the cryptocurrency exchange reassured users that they are making diligent efforts to find a new provider to ensure uninterrupted AUD deposits and withdrawals.

As per the announcement, users in Australia can still purchase and sell digital currencies using their credit or debit cards. Binance assured that their peer-to-peer (P2P) marketplace will continue to function normally, and the remaining funds are secure and protected (SAFU).

This information is for general knowledge only and should not be considered as advice for investing or making financial decisions.

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