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Binance disabling Euro convert to crypto?

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by COINS NEWS 93 Views

Hey guys sorry if this is not supposed to be posted here but I just received this from binance

Please correct me if I'm wrong but do they say that if I top up euro I'll not be able to convert them into crypto? If yes why on earth I'd put money in binance if I'm not able to buy BTC and ETH?

Maybe I have misunderstood and if that's the case mods please delete the post but honestly this is what I understand (specific for the 31 of December Change)

"Fellow Binancian,

We are contacting you to let you know that we will be changing the provider for EUR deposits and withdrawals. Our current EUR fiat payments partner, Paysafe Payment Solutions Limited (Paysafe), will stop offering SEPA deposit services to Binance users from 25th September 2023.

Following this date, you will be required to use new banking details to make EUR deposits into your Binance Fiat wallet and may be required to accept new terms and conditions.

Additionally, starting from 31 December 2023, users will no longer be able to convert EUR fiat balances to crypto. After 31 December 2023, EUR withdrawals provided by Paysafe will only be possible via bank transfer.

There will be no impact for existing Binance users until 25th September. This does not affect your Binance Account or any other products or services available to you on Binance.com. No other Fiat deposit or withdrawal services will be affected at this time.

We apologize in advance for any temporary inconvenience this may cause as we transition to a new service provider."

submitted by /u/g_vasi
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