Binance.US said it encouraged its customers to “withdraw their USD” by 13 June but warned that because of elevated volumes, withdrawal might take longer than usual to process. Please be aware of phishing sites and always make sure you are visiting the official website when entering sensitive data. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses. Risk warnings: Cryptocurrency trading is subject to high market risk. Check out our Telegram, Twitter, Instagram, Whatsapp and Facebook channels and meet thousands of other local Binancians! It’s more fun to continue your crypto journey when you have a friend. All foreign exchange conversion rates are determined by the bank you utilize, and there may be additional fees incurred by these institutions for processing Swift transactions.įor more information contact the local forex department of your bank. The funds will now reflect in your account within 1-4 business days. Once you have indicated these details, confirm the withdrawal.
Step 4: You will now be prompted to input the account details of the bank account you wish to withdraw the funds to. Now simply input the amount of USD you wish to withdraw to your bank account, from your available BUSD balance. Step 3: Select Withdraw, and select USD as the currency (shown below). Step 2: Navigate to the Wallet tab at the top of your screen, and select Fiat and Spot from the drop menu (shown below). Step 1: Ensure the amount you wish to withdraw us available in the form of BUSD in your Spot Wallet. Once your deposit arrives, it will be credited to your fiat and spot wallet as BUSD, and can be viewed under fiat deposit history( as shown). Ensure that you include the unique reference number. Step 4: Complete the deposit using the banking details provided to you. Step 3: Select Silvergate Bank (SWIFT) and input the amount (in USD) that you would like to deposit, and select continue Step 2: Navigate to the “Buy Crypto” dropdown menu, and select USD as the currency, you will now see Bank Deposit - Swift Bank Transfer.
Step 1: Ensure you have completed the KYC on your Binance account To utilize the new option, follow the simple instructions below: If you need any assistance with the transaction, the local forex division of your bank will be able to easily assist - but in most cases this can easily be done yourself via your online banking portal.
Please note that all forex conversion rates are determined by the financial institution you use and not by us.
Here you will be able to withdraw any BUSD balance you have in your Binance account - as fiat (ZAR) into your local bank account. Over the next few days we will make withdrawals available to you. You can easily perform international bank transfers using most banking apps and online banking options - however, if you have never sent money abroad, you can contact the forex department at your local bank for assistance.ĭeposits made early in the day and during normal banking hours are usually reflected on the same day. As an example - if you send us $1,000.00, your account will be credited with 990 BUSD. The new channel will act as both a fiat on- and off-ramp, allowing you to deposit and withdraw funds to/from your Binance account using your local bank account.Īny user can utilize the new channel, provided they have completed KYC.ĭeposits will need to be made in USD via a Swift transfer to our Silvergate bank account in the U.S, and you will be credited with BUSD at a 1:1 ratio. We have just launched a brand new fiat funding option for Binance users in South Africa.
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