The rule is straightforward. Starting July 1, 2026, every crypto deposit or withdrawal on Binance Australia requires additional identification information. No minimum threshold. Every single transfer.

What you now need to provide:

For deposits — sender full name, country of residence, residential area, and a unique identifier tied to the sending wallet or account.

For withdrawals — beneficiary full name, country of residence, and relevant city or region.

If the information is missing or does not match, the transaction gets delayed, rejected, or the coins are returned to sender.

Why this is happening:

Australia's AML/CTF framework is now in active enforcement mode for the Travel Rule. This is a FATF requirement that traces the origin and destination of crypto transactions, applying the same information standards banks already use for international wire transfers.

What this means short-term:

- More steps...