Binance Introduces Direct USD Deposits and Withdrawals
Binance, the world’s largest cryptocurrency exchange by trading volume and users, has announced the launch of direct USD deposits and withdrawals in over 70 countries through BPay Global, a licensed Payments Service Provider regulated by the Central Bank of Bahrain and part of the Binance Group. The initiative marks a major step forward in Binance’s mission to make crypto access seamless, compliant, and globally inclusive.
Through BPay Global, both retail and corporate users can now fund, store, and convert USD to crypto — or cash out directly from their fiat wallets — using multiple supported channels, including SWIFT bank transfers, credit/debit cards, and Apple Pay/Google Pay. Deposits via SWIFT are fee-free, with withdrawals offering fast settlement and transparent conversion rates.
“After much anticipation, we are happy to offer our users direct on- and off-ramp for USD, the most used currency for transactions worldwide,” said Thomas Gregory, Binance VP of Fiat. “This milestone allows us to further lower entry barriers to crypto trading and enhances the experience of our global users within a secure, regulated framework.”
Bridging Fiat and Crypto Through BPay Global
BPay Global operates as Binance’s regulated payments arm, enabling direct fiat custody and transaction processing for users worldwide. The new system offers a fiat e-wallet infrastructure that allows customers to hold USD securely under a regulated entity while maintaining direct interoperability with Binance’s trading platform.
This structure ensures that users can deposit, withdraw, and convert USD seamlessly — with all transactions governed by international compliance and anti-money-laundering standards. The result is a smooth, transparent fiat-to-crypto bridge that caters to both individual traders and institutional clients.
“Providing wider USD services aligns with Binance’s commitment to accessibility and security,” Gregory added. “With BPay Global, we are building global payment rails that support both Web3 innovation and traditional finance connectivity.”
Enhancing Global Payment Rails
By connecting traditional financial systems with digital assets through regulated fiat channels, Binance and BPay Global are reinforcing the company’s compliance-first approach. The expansion also supports Binance’s long-term goal of creating universal, low-cost entry points into crypto — particularly in emerging markets where access to USD liquidity remains limited.
Users can now move USD between bank accounts and Binance wallets in a matter of hours rather than days, removing one of the key frictions that has historically slowed crypto adoption. With SWIFT integration, Binance’s infrastructure effectively mirrors the accessibility of traditional fintech platforms, while extending its reach into decentralized finance.
What This Means for Users
Through BPay Global, Binance users can:
- •Deposit USD via SWIFT with zero fees and instant wallet crediting.
- •Withdraw funds directly to bank accounts or linked cards with transparent conversion rates.
- •Access a regulated fiat e-wallet where USD funds are held securely and remain fully user-controlled.
- •Convert USD to crypto (and vice versa) directly within the Binance platform with institutional-grade liquidity.
For everyday traders, this feature eliminates the need for third-party intermediaries or regional workarounds, making Binance a one-stop platform for crypto investing, trading, and spending. The integration also paves the way for future multi-currency fiat services under the BPay Global brand.
Global Adoption, Local Compliance
As Binance expands its infrastructure through regulated subsidiaries such as BPay Global, the company continues to demonstrate its evolution into a globally compliant financial technology ecosystem. With operations now spanning over 70 countries and support for USD, EUR, GBP, and AED fiat gateways, Binance is positioning itself as the central hub for compliant global crypto-fiat interaction.
Eligible users can begin using the new USD deposit and withdrawal service immediately by logging into their Binance accounts. Details, supported countries, and terms of service are available on the official Binance Fiat page.