Crypto exchange Binance will suspend the deposit of US dollars temporarily starting on February 8, as per Monday’s announcement.
“We are temporarily suspending USD bank transfers as of February 8th,” a Binance spokesperson said, noting just 0.01% of monthly active users use USD bank transfers. “Affected customers are being notified directly.”
“In the interim, all other methods of buying and selling crypto remain unaffected, including bank transfer using one of the other fiat currencies supported by Binance (including euros), buying and selling crypto via credit card, debit card, Google Pay and Apple Pay and via our Binance P2P marketplace,” Binance spokesperson added.
In response to the announcement, the US subsidiary of Binance has responded that the move will not affect its arm.
Binance however did not state the reason for the move, however, the suspension may be because of the recent move by its bank partner Signature Bank, the bank which announced last month that it would no longer support crypto transactions below $1,000.
Signals for Bitcoin, ETH, and other trending altcoins on Binance, Kucoin, and Bybit exchanges are benefits you’ll get when you register for our ParadiseFamilyVIP.
Use PRO20% for your special 20% discount today as the promo expires soon. Click here to see reviews from our clients.
Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights, and also FREE market updates.
- My Binance Paradise – https://t.me/MCP_binance
- My KuCoin Paradise – https://t.me/MCP_KuCoin
