BNB

Binance Users in 7 Countries Can Now Cash Out Crypto for Fiat

by BSCN

January 25, 2023

Cash is king! Binance users in certain countries in Asia and Africa can now send crypto to their bank accounts and receive fiat.

New Option for Users in Asia, Africa

Binance users in certain countries can now send crypto from the world’s largest exchange and receive fiat directly into their bank accounts.

You can now transfer crypto from #Binance to your bank and it will arrive in fiat. Pretty neat!

Available in selected regions. #BinanceBuild making adoption easier one day at a time. pic.twitter.com/TyIoTXzbHZ
— Binance (@binance) January 24, 2023

The new option is available to users in Bangladesh, Ghana, Hong Kong, India, Pakistan, Philippines, and Vietnam. The announcement comes on the heels of news that Binance banking partner Signature Bank will no longer facilitate SWIFT transfers of less than $100,000.

What is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.