If you have just started to trade cryptocurrency on Binance, you may be wondering how to deposit and withdraw your funds. The process is actually very simple and easy to follow. Once you have an account on Binance, you can add cryptocurrency to your public wallet address to start trading. You can also withdraw from Binance to your bank account.
However, if you re in Brazil, you should know that your deposits and withdrawals will be suspended until further notice. This is because the Brazilian Central Bank has changed its KYC requirements. Consequently, the company has terminated its partnership with the local payment gateway How to Find Unbiased Forex Broker Reviews. Capitual had The Forex Introducing Broker Agreement operating the deposits and withdrawals on Binance through Pix for a year. According to the exchange, this decision was taken because deposits and withdrawals via Pix through Capitual are experiencing instability because of a recent policy change at the Central Bank of Brazil. The service blockage occurs just as the deadline for the new KYC requirements for Brazilian users is approaching.
In addition to the deposits and withdrawals, the platform also limits the amount that a user can withdraw or deposit. While the limits may change periodically, they can always be checked on the bank deposit page. If you want to deposit more, you can contact the company s support service. If your account is blocked, you ll need to provide additional ID information.