Fellow Binancians,
GBP deposits and withdrawals via bank transfer have now resumed for Binance verified users. Successful completion of account verification is required to use this service.
Faster Payment is a payment network service integrated via Paysafe, enabling users to deposit and withdraw fiat currencies via bank transfers.
Daily Deposit and Withdrawal Limits and Fees for GBP (Faster Payments)
| Limit | Deposit Fee | Withdrawal Fee |
| Total deposit and withdrawal amount goes up to 147,000 GBP daily | 2.00 GBP per transaction | 2.00 GBP per transaction |
Important: Do NOT make any transfers below 2.00 GBP. After deducting the relevant fees, any transfers below 2.00 GBP will not be credited or returned.
Getting started:
- How to Complete Your Identity Verification
- 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 your bank may charge, and users are advised to consult with their banks on any possible fees charged by your bank 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 may not be covered by financial ombudsman services or subject to protection under financial services compensation schemes (or similar services or schemes) in your country of residence.
Thanks for your support!
Binance Team
Binance Team
2022-02-17
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Note: This announcement was last updated on 2022-07-21 to update the minimum amount required for GBP transfers from 3.00 GBP to 2.00 GBP.
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.
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.