Cryptocurrency exchange Binance has announced that it will be temporarily suspending U.S. dollar bank transfers starting on Wednesday, February 8th. According to a Binance spokesperson, the suspension affects only 0.01% of monthly active users.
The suspension of U.S. dollar bank transfers does not affect Binance.US, the U.S. division of Binance. 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 the Binance P2P marketplace.
The suspension of U.S. dollar bank transfers is a temporary measure and Binance is working to restore the service as soon as possible. Affected customers have been notified directly.
Binance is one of the world’s leading cryptocurrency exchanges and is committed to providing its customers with a secure and reliable platform for trading digital assets. The suspension of U.S. dollar bank transfers is a necessary step to ensure the safety and security of its customers.