Cryptocurrency Q&A
Is Binance no longer accepting USD?
Is Binance no longer accepting USD?
IncheonBeautyBloom
Sun Jun 30 2024
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5 answers
1182
Has Binance made a recent announcement indicating that they are no longer accepting United States Dollars (USD) as a means of payment or deposit? This seems to be a significant shift in their operations, as USD has traditionally been a widely accepted currency on the exchange. Are there any alternative currencies or payment methods that Binance is now recommending for users in the United States? Additionally, is there any official statement or explanation from Binance regarding this change, and how it might impact users who rely on USD for their trading activities? Clarifying these details would be crucial for traders and investors seeking to understand the implications of this potential shift in Binance's policies.
5 answers
PhoenixRising
Tue Jul 02 2024
However, with the recent transition, Binance.US has temporarily ceased accepting USD deposits and withdrawals.
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Nicola
Tue Jul 02 2024
This move is intended to be temporary, pending the establishment of stable banking partnerships that will enable the resumption of fiat currency transactions.
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DaeguDiva
Tue Jul 02 2024
As a crypto-to-crypto exchange, Binance.US will primarily facilitate transactions between digital assets, offering traders greater flexibility and efficiency.
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BonsaiGrace
Tue Jul 02 2024
Binance.US's transition to a crypto-to-crypto exchange signifies a significant shift in its operational model.
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Federico
Tue Jul 02 2024
Prior to June 13, 2023, Binance.US allowed users to deposit and withdraw US dollars alongside cryptocurrencies.
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