Fellow Binancians, 

As Paysafe Payment Solutions Limited (Paysafe) unilaterally decided to stop processing EUR deposits for Binance users, Paysafe users are advised to take appropriate actions in advance.

Paysafe users may convert EUR balances in their Binance accounts to USDT before 2023-10-31 at 0:00 (UTC). Meanwhile, users may continue to withdraw their EUR balances from Binance accounts to their bank accounts. 

The sudden decision by Paysafe will cause a brief interruption to the following services. We apologize for any inconvenience. 

EUR Deposits:

At 2023-09-25 00:00 (UTC), EUR deposits by Paysafe users were suspended.

Buy/Sell Crypto with EUR: 

Starting from 2023-09-28 04:00 (UTC), users will not be able to buy crypto with EUR balances, or sell crypto for EUR balances. Please be assured that users can continue to buy crypto using EUR with their credit/debit cards.

Binance Spot:

Effective from 2023-09-28 04:00 (UTC), all Paysafe users will not be able to trade EUR spot trading pairs. These users’ open orders on EUR spot trading pairs will start to be canceled from 2023-09-28 05:00 (UTC). Paysafe users are strongly advised to cancel open orders on EUR spot trading pairs before 2023–09-28 04:00 (UTC).

Effective from 2023-09-28 04:00 (UTC), Binance will terminate Spot Trading Bots services on EUR/USDT and EUR/BUSD trading pairs for Paysafe users. Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses.

Binance Convert:

Convert will be set to EUR reduce only mode from 2023-09-28 04:00 (UTC). Reduce only mode allows users to convert EUR to other crypto through market orders but not the other way around. Users may close EUR open limit orders, but may not open new EUR limit orders thereafter. All Convert EUR open limit orders will be closed automatically from 2023-09-28 05:00 (UTC).

Binance Auto-Invest:

Auto-Invest EUR plans of Paysafe users will be paused from 2023-09-28 at 04:00 (UTC), and these users may not be able to subscribe to Auto-Invest plans with EUR thereafter. Note that Auto-Invest EUR services remain usual for other users.

Please rest assured all funds are secure, and all other crypto related services remain unaffected.

Putting users first is Binance’s most important principle. We are working to integrate new fiat channels onto Binance soon, as in line with our mission to provide a seamless crypto experience for all users.

Thanks for your support!

Binance Team

2023-09-28

Note: This announcement was updated on 2023-09-28 to provide more clarifications.