Does Binance accept British Pounds (GBP)?

Deposits and withdrawals in British Pounds (GBP) using both the Faster Payments service and bank cards are currently unavailable to Binance’s UK customers. Binance’s site currently displays a message that both GBP payment channels are “suspended.”

What happened to Binance pound (GBPUSD=X) deposits & withdrawals?

Binance has announced that British pound ( GBPUSD=X) deposits and withdrawals on the crypto exchange will cease from 22 May. Binance said: “We regret to inform you that our GBP fiat partner, Skrill Limited, has informed us that it will stop offering GBP fiat services, namely deposits and withdrawals via Faster Payments and card, to Binance users.”

Can you open a Binance account with a GBP deposit?

From Monday, Binance users will be unable to open accounts on the exchange with GBP deposits. However, existing users will still be able to access their GBP balances, according to Decrypt. A Binance spokeperson said: "This change affects less than 1% of Binance users.

Are faster payments & bank card withdrawals suspended on Binance?

Faster Payments and bank card withdrawals in GBP are currently suspended on Binance for UK customers. Earlier this week, the FCA issued a consumer warning against Binance Markets Limited. Deposits and withdrawals in British Pounds (GBP) using both the Faster Payments service and bank cards are currently unavailable to Binance’s UK customers.