Binance, the world's largest cryptocurrency exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. "We are temporarily suspending USD bank transfers as of February 8th," a Binance spokesperson told CNBC. "Affected customer...
The SEC alleges that under CZ’s control Binance and Binance.US provided exchange services, clearing agency functions, and brokerage services to U.S. customers. In support, the SEC asserted Binance commingled marketing efforts with Binance.US for the products and incentives of both platforms, allo...
Deposits and withdrawals on Binance's platform will remain suspended but trading will be allowed. Binance also warned that "hackers may still control certain user accounts and may use those to influence prices." However, the company said that it will cover the incident "in full" and no users...
Binance.US announced late on Thursday that it would suspend dollar deposits on its platform. Similarly, it informed its customers that banking partners are preparing to temporarily halt the fiat (USD) withdrawal channels as early as next Tuesday. /jlne.ws/3J4g0NH Coinbase Crackdown Wid...
Binance.US Suspends All USD Deposits Following SEC lawsuit BinanceUS has announced a suspension of USD deposits and potential fiat (USD) withdrawal pause, effective from June 13, 2023. The reason? The SEC’s “extremely aggressive and intimidating tactics” in whathttp://Binance.UScalls an ideol...
Binance contested this representation by claiming that no “client funds” or “dollar deposits” were mixed, as any alleged mixing was only related to the conversion of USD into BUSD tokens within customers’ accounts. The accountant also tracked $494 million transferred to the Zhao-owned bl...
The news is another example of Binance.US struggling to maintain its fiat on-ramps and off-ramps as the exchange has halted some U.S. dollar operations over the past year. In June 2023,Binance.US suspended U.S. dollar depositsand notified its customers of an incoming pause to fiat withdra...
Binance has also had similar issues with fiat deposits and withdrawals. On June 1, Binance Australiaannouncedthat support for the Australian Dollar (AUD) would no longer be available. For continued access, all users would have to convert their AUD to USDT. At the time, Binance announced that ...
There is no fee charged for cryptocurrency or fund deposits. However, withdrawals come with a transaction fee that varies depending on the cryptocurrency and transaction amount.11 As of June 2023, Binance does not allow U.S. dollar deposits by global users. Deposits using 27 other fiat currencie...
Binance’s dashboard allows you to view charts, market trends, your portfolio, and your current and past trades. To manage your payment types, simply navigate to the account page and add any credit/debit cards and bank accounts you’d like to trade with. Making deposits and withdrawals is ...