Binance has announced that users can fund their accounts directly with bolívares via bank transfer and Pago Móvil, with no deposit fees, making it easier to immediately purchase digital dollars such as USDT and USDC in Venezuela. The process involves no intermediaries and requires the funds to come from a bank account in the same account holder’s name.

Fiat transactions in the national currency are processed by Casa de Cambios Insular, S.A., under the supervision of Sudeban and the Central Bank of Venezuela.

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