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Binance has banned Ukrainian clients from withdrawing money to cards
Users from Ukraine also can no longer use the “Recurring Buy” feature: automatic orders for regular cryptocurrency purchases are no longer executed. Any set limit orders for buying assets with fiat are also canceled.
At the same time, the ability to deposit funds on the exchange remains. Ukrainian clients can still make deposits and purchases via Visa and MasterCard (incoming transactions only). Apple Pay and Google Pay wallets can also be used to top up the account, but withdrawing money to them is no longer possible.
SWIFT transfers are available both for deposits and withdrawals. In addition, P2P trading is offered as a withdrawal option.
Binance did not explain the reason for these restrictions.
For clients from Russia, Binance began introducing restrictions in 2022. In April, the exchange stopped serving Russian citizens whose accounts held assets exceeding €10,000, and later began blocking accounts linked to Russians under international sanctions. In September 2023, the platform announced it would cease providing services in Russia. Support for operations in Russian rubles ended on January 31, 2024.
See also: "One of Asia’s largest financial groups plans to acquire a Korean crypto exchange"
