The international cryptocurrency exchange Binance has implemented the ability to make direct deposits and withdrawals in US dollars (USD) for users in over 70 countries worldwide. The new service is available through payment provider BPay Global, which is licensed by the Central Bank of Bahrain and is part of the Binance ecosystem.
This is reported by Business • Media
Enhanced Deposit and Withdrawal Options
Now Binance users can fund their accounts and withdraw funds in USD using SWIFT bank transfers, bank cards, as well as through Apple Pay and Google Pay. Importantly, Binance does not charge any fees for deposits via SWIFT, making this method even more attractive for retail and corporate clients.
This innovation allows clients in eligible countries to work directly with US dollars: depositing, storing, converting to cryptocurrencies, and conducting reverse transactions. All these actions take place through Binance’s fiat electronic wallets, which ensure the storage of funds in a regulated financial institution and their use on the platform for buying, selling, or exchanging digital assets.
“After a long wait, we are excited to offer our users direct solutions for USD deposits and withdrawals—the most widely used currency in global transactions. This meets the needs of our diverse global audience,” said Thomas Gregory, Vice President of Fiat at Binance.
BPay Global – A New Level of Security and Convenience
BPay Global provides a reliable fiat electronic wallet for Binance clients. Users have the opportunity to store their funds in a verified and regulated institution, as well as seamlessly use them for cryptocurrency transactions on the platform itself.
Exchange representatives emphasized that Binance’s mission is to expand financial freedom for people around the world by providing access to digital finance and using cryptocurrency as a key tool in this process.