Binance now offers direct deposits and withdrawals in US dollars.
Cryptocurrency exchange Binance has opened direct deposits and withdrawals in US dollars through the BPay payment provider for users in over 70 countries. The platform has launched a limited-time promotion: a 1:1 USD/USDC exchange on a first-come, first-served basis.
BPay is a Binance-owned company registered in Bahrain. It holds a Payment Service Provider (PSP) license, allowing it to store clients' fiat funds, including US dollars.
Terms and Limits
Account funding is available via SWIFT with no fees from Binance, as well as bank cards, Apple Pay, and Google Pay.
Limits are up to $50 million per day and up to $13 million per transaction. Replenishment via cards and payment services is instant.
Users can convert USD to cryptocurrency or back to dollars. The service is available to retail and corporate clients.
“We're excited to offer users direct deposits and withdrawals of USD, the most widely used currency for transactions worldwide. This service lowers entry barriers with low fees and improves the user experience on our platform,” commented Thomas Gregory, VP of Fiat Operations at Binance.
How to get access
In the mobile app, select “Add Funds” on the main screen, change the local currency to US dollars, and then select “Deposit USD.” Then, select a deposit method, click “Continue,” and activate your Bpay fiat wallet.
On the website, you need to click “Top up” on the main page, change the local currency to US dollars and select “Deposit USD”.
CryptoQuant analyst Burak Keshmeci previously noted that selling pressure in the digital gold market is easing. This is evidenced by the negative trend in Bitcoin net inflows to Binance.
Источник: cryptocurrency.tech
