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Binance Launches New Fiat On-Ramp for the South African Rand (ZAR)

Binance
2020-04-02 03:56

Fellow Binancians,

Binance has opened a new fiat on-ramp for the South African Rand (ZAR). Users are now able to deposit Rands (ZAR) via bank transfer (EFT), providing a new and competitive fiat gateway for South Africa.

After depositing funds to Binance, users will be able to buy and sell crypto with five Rand (ZAR) trading pairs: BTC/ZAR, BNB/ZAR, ETH/ZAR, USDT/ZAR, and BUSD/ZAR.

This service will be rolled out in two phases*: 

  • Phase 1: Deposits and Trade - With immediate effect, Binance users are now able to deposit Rands (ZAR) into their Binance wallet and trade in the five trading pairs above.  
  • Phase 2: Withdrawals - From 9 April @6am (UTC+2), Rand (ZAR) fiat withdrawals will be enabled for all Binance users.

*KYC (level 2) account verification and fiat deposit/withdrawal limits apply.

Please read the Terms and Conditions

Thanks for your support!

Binance Team

2020/04/02

 

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