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Binance just lost their banking partner in Australia, bank deposits and FIAT withdrawals to banks fully disabled

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by COINS NEWS 37 Views

Binance have just taken a major blow in Australia, completely losing their banking partner here.

That means no deposits or withdrawals to banks. They are still able to use the VISA system for deposits and withdrawals to cards, and their (dodgy) P2P marketplace is still functioning, but this is obviously a massive blow to their operations here.

They're the primary exchange I use in Aus and I deposit only via bank, so for me I'll need to change to Coinbase or another active partner. Notably they charge pretty significant fees on deposits via card, and historically none via bank.

submitted by /u/chance_waters
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