Binance and Paysafe will fully reopen EUR and GBP deposits and withdrawals respectively via the SEPA payment network (SEPA) and Faster Payment Services (FPS), effective Monday, 2022-03-07 11:00 AM (UTC) for both Desktop and App.
Binance retail users across Europe, with the exception of Netherlands and Switzerland, will be able to make EUR transfers directly via SEPA.
At present time, support for corporate accounts is not available. However, Binance is actively collaborating with Paysafe to expand our scope of services.
Zero Deposit Fees
To celebrate the return of SEPA and FPS, Binance will be offering all verified users zero fees for depositing EUR via SEPA and GBP via FPS until 2022-03-31 11:59 PM (UTC).
Important: Do NOT make any transfers with an amount below 2.00 EUR or 2.00 GBP. After deducting the relevant fees, any transfers below 2.00 EUR or 2.00 GBP will not be credited or returned.
Users will be able to perform EUR and GBP transactions on Binance by following the guides below:
- How to Verify Binance Account (EEA Countries)
- How to Deposit EUR and Fiat Currencies via SEPA Bank Transfer
- How to Withdraw EUR via SEPA Bank Transfer
- Frequently Asked Questions on EUR Bank Transfer via SEPA
- How to Deposit GBP via Faster Payments Service (FPS)
- How to Withdraw GBP via Faster Payments Service (FPS)
- GBP Bank Transfer via Faster Payments Service (FPS) - Common Issues & Resolutions
Note: Binance has no control over, and is not responsible for, any fees or charges for the deposit that their banks may charge, and users are advised to consult with their banks on any possible fees charged by their banks when performing the deposit.
Risk Warning: Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, purchase objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence. Purchasing crypto assets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.
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Note: This announcement was last updated on 2022-07-21 to update the minimum amount required for EUR and GBP transfers from 3.00 EUR and 3.00 GBP, to 2.00 EUR or 2.00 GBP respectively.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.