Binance US Users Can Now Deposit & Withdraw USD Again!

Binance US announced the restoration of USD deposit and withdrawal services on February 19, 2025.
The services will gradually roll out to all eligible customers in the coming days.
Users can now deposit & withdraw USD, buy & sell crypto with USD, convert between crypto and USD, and trade USD pairs.
Binance US faced legal action from the U.S. Securities and Exchange Commission (SEC) in June 2023, leading to the suspension of USD transactions.

After a prolonged suspension, Binance US has reinstated its U.S. dollar (USD) deposit and withdrawal services as of February 19, 2025. This development marks a significant milestone for the platform and its users, signaling a renewed commitment to providing comprehensive financial services.

Background of the Suspension

In June 2023, Binance US faced legal action from the U.S. Securities and Exchange Commission (SEC), which led to the suspension of USD transactions on the platform. The SEC’s lawsuit alleged that Binance and its founder, Changpeng Zhao, had violated securities laws, prompting the exchange to halt USD services and operate as a crypto-only platform. The suspension of USD services significantly affected users, limiting their ability to deposit or withdraw fiat currency and trade USD pairs. This move compelled many to seek alternative platforms that offered comprehensive fiat services.

Resumption of USD Services

On February 19, 2025, Binance US announced the restoration of USD deposit and withdrawal services. The platform stated that these services would gradually roll out to all eligible customers in the coming days, allowing users to link their bank accounts for seamless transactions. With the reinstatement, users can now:

Deposit & Withdraw USD: Link bank accounts to transfer funds with zero fees.
Buy & Sell Crypto with USD: Purchase cryptocurrencies using bank transfers (ACH).
Convert Between Crypto and USD: Instantly switch between USD and digital assets.
Trade USD Pairs: Access ten USD trading pairs, including BTC/USD, ETH/USD, and SOL/USD, with plans to expand further. Binance.US 🇺🇸 Help Center

Binance US announced the restoration of USD deposit and withdrawal services on February 19, 2025. Users can now deposit & withdraw USD.

New “Auto-Buy” Feature

Binance US has introduced an “Auto-Buy” feature, enabling users to schedule recurring cryptocurrency purchases on a daily, weekly, bi-monthly, or monthly basis. This tool aims to simplify the investment process and promote consistent portfolio growth.

Rebuilding Banking Relationships

The resumption of USD services indicates that Binance US has established new banking partnerships, ensuring reliable USD processing capabilities for its users. This move is crucial in restoring services that were halted due to previous regulatory challenges.

User Eligibility and Access

While the exact eligibility criteria remain undisclosed, Binance US has indicated that access to USD services will expand in the coming days. Users are encouraged to monitor official communications for updates on their account status and service availability.

Implications for the Crypto Community

The reinstatement of USD services is a significant step in rebuilding user trust, demonstrating Binance US’s dedication to compliance and user satisfaction. This move is expected to attract both previous users and new entrants seeking a reliable platform for fiat and crypto transactions. By offering zero-fee USD transfers and a range of trading pairs, Binance US positions itself competitively within the U.S. crypto market. The introduction of features like “Auto-Buy” further enhances its appeal to both novice and experienced traders.

The restoration of USD deposit and withdrawal services on Binance US marks a pivotal moment for the platform and its users. This development not only signifies compliance with regulatory standards but also reinforces the exchange’s commitment to providing comprehensive and user-friendly financial services. As the rollout continues, users can look forward to a revitalized trading experience that bridges the gap between fiat and cryptocurrency markets.

Disclaimer: The information provided by CryptopianNews is for educational and informational purposes only. It should not be considered financial or investment advice. Cryptocurrency markets are highly volatile and speculative, and investing in them carries inherent risks. Readers are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

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