Binance Australia to Allow AUD Withdrawals Until June 1

Binance Australia, the Australian branch of the global crypto giant Binance, has provided an update today on Twitter, stating that its user were allowed to continue withdrawing AUD via bank transfer until 17:00 June 1, 2023 AEST. The unit has confirmed this with its local payment partner.

Since last Thursday, Binance Australia has been unable to facilitate PayID AUD deposits for Binance users​, citing a decision made by its third party payment service provider.

Currently, Binance Australia is working hard to find an alternative provider to continue offering AUD deposits and withdrawals to its users.

Users can still continue to buy and sell crypto via debit and credit card.

"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," Binance Australia tweeted.