Binance troubles with fiat continues


Binance will stop deposit and withdrawal operations with British pound (GBP). For new users GBP on- and off-ramps are not available since March 13 and from May 22 they won’t be available at all.


The exchange’s fiat partner - Paysafe - notified Binance that they will no longer be able to provide GBP deposit and withdrawal services from May 22, 2023.


And let’s not forget that Binance suspended USD bank transfers on March 8, SWIFT transfers of less than $100,000 a week before that. In other words, it looks like even the largest cryptocurrency exchange have severe problems with fiat operations.


Basically, the only viable solution today is to use only crypto for trading and rely on dedicated platforms like Quppy to exchange your crypto for fiat. After all, no one can guarantee that your favorite exchange will have fiat withdrawals tomorrow.


Learn more: https://quppy.com/