🏦 Binance Restores AUD Bank Transfers and PayID for Australian Users
Binance Australia has reinstated direct Australian dollar (AUD) deposits and withdrawals — including real-time PayID and bank transfers — ending a suspension that lasted nearly two years due to regulatory and banking hurdles.
Key Facts:
• AUD fiat on/off ramps are fully restored for verified Australian users, allowing instant funding via PayID and traditional bank transfers.
• These banking rails had been suspended since mid-2023, forcing users to rely on more costly card or peer-to-peer methods.
• Binance gradually reintroduced the service after testing with a select group in late 2025, now available to all eligible customers.
Expert Insight:
Restoring real-time AUD transfers strengthens Binance’s competitiveness in Australia by removing a major barrier to market participation, improving usability and user confidence in the local crypto ecosystem.
