Binance Australia tweeted that AUD deposits and withdrawals by bank transfer are no longer available to Binance users in Australia. Binance has ceased all AUD trading pairs as of June 1st. In order to facilitate withdrawals and trading activities after June 1, users can convert AUD balances to USDT. Users can still buy and sell crypto using credit or debit cards and the Binance P2P marketplace will also continue to operate as usual.
Binance Australia is working hard to find an alternative provider to continue offering AUD deposits and withdrawals to its users. Users' 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.
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