Binance Australia has given information on the issues that customers have reported about taking out funds.
Binance Australia has confirmed that users can still make AUD withdrawals via bank transfer until June 1, 2023 AEST. They can further still buy and sell crypto with debit and credit cards. Binance Australia is looking for another provider to continue providing AUD deposits and withdrawals for its users.
The company’s message to its users:
Fellow Binancians,
We regret to inform you that with immediate effect we are unable to facilitate PayID AUD deposits for Binance users due to a decision made by our third party payment service provider. We understand from our third party payment service provider that Bank Transfer withdrawals will also be impacted and we will advise users on timeline when this is confirmed.
We are working hard to find an alternative provider to continue offering AUD deposits and withdrawals to our users.
Notably, you can still buy and sell crypto using credit or debit card and our Binance P2P marketplace will also continue to operate as usual. Rest assured that your funds are safe through the Secure Asset Fund for Users (SAFU), an insurance fund that offers protection to Binance users and their funds in the event of extreme situations.
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