By Staff Writer
Binance has suspended fiat withdrawals via Visa and Mastercard for users in Ukraine, effective December 30, following regulatory changes affecting its fiat payment provider, Bifinity UAB.
The exchange said the pause is directly linked to Bifinity winding down services by the end of December 2025 as a result of regulatory developments. Binance notified affected users earlier in December that access to certain card-based withdrawal methods would be discontinued.
According to Binance, the suspension applies only to fiat withdrawals via Visa and Mastercard for Ukrainian users who relied on Bifinity. Crypto trading activity remains unaffected, and users can still deposit funds and purchase cryptocurrencies using Visa and Mastercard.
Alternative payment options remain available. Ukrainian users can continue to top up accounts using Apple Pay and Google Pay, while SWIFT transfers remain functional for both deposits and withdrawals.
Binance also confirmed that peer-to-peer (P2P) trading is not impacted by the suspension.
Alongside the withdrawal pause, Binance informed users that recurring crypto purchases and fiat-based limit buy orders would be temporarily suspended during the transition period. The exchange stressed that the changes are not related to the National Bank of Ukraine.
Another affected service is Zen.com, which is commonly used by Ukrainian users for euro and Polish zloty transactions. Binance said Zen.com’s full deposit and withdrawal functionality for Ukrainian users is expected to resume on January 6, 2026.
Until then, users seeking to move funds off the platform will need to rely on SWIFT transfers or P2P options, where permitted.
