Binance Temporarily Suspends USD Bank Transfers Starting February 8th

Binance, one among the top cryptocurrency exchanges worldwide, announced that it will suspend USD bank transfers temporarily starting on February 8th. The company will make this decision with minimal impact on their users. However, they are working hard to get the service up and running again as soon as possible.

The CEO stated that only 0.1% of their monthly active users used USD bank transfers. However, they recognize that this could still lead to a poor user experience for those who are affected. To ensure that users have the best experience possible, the team is quickly working to resolve the problem.

It is worth noting that USD bank transfers are leveraged by only 0.01% of our monthly active users.

However, we appreciate that this is still a bad user experience and the team is working on quickly resolving this issue. https://t.co/heCfWIomAX

— CZ 🔶 Binance (@cz_binance) February 6, 2023

Binance does not restrict the use of any other means to buy or sell crypto. You can trade digital assets with credit/debit cards or wire transfers.

Binance users and their customers are not affected by the temporary suspension of USD bank transfer transfers. The company is determined to provide seamless trading experiences for all its customers and is working hard on resolving the problem as quickly as possible.