Binance suspends Australian dollar withdrawals

The cryptocurrency exchange announced the suspension of its Australian dollar services

Binance Australia, a cryptocurrency exchange, announced the suspension of its Australian Dollar (AUD) services after its local payment service provider, Zepto, stopped supporting the exchange.

On May 18, Binance Australia tweeted that PayID AUD deposits were suspended and bank transfer withdrawals would also be affected “due to a decision made by our third-party payment service provider”.

“We understand from our third-party payment service provider that bank transfer withdrawals will also be affected and we will notify users once this is confirmed”, they said.

Binance stated that they are working to find an alternative provider so that they can continue to offer Australian dollar deposits and withdrawals to their users. The option to buy and sell cryptocurrency using credit or debit cards remains available, they added.

K. Tovar

Source: Cointelegraph

(Reference image source: Joshua Hoehne, Unsplash)

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