Binance to Cease UK £ Withdrawals and Deposits For UK Client

If you are in the UK,  Binance will no longer be able to process withdrawals and deposits in £ from May 22, 2023


This means you can not send £ (from a bank) to Binance -- or indeed after May 22 -- you will not be able to withdraw any £ if you have £ in Binance (so you would need to remove before)


You CAN however still use Binance to purchase Crypto if you have funds in a Binance account.



In other words - if you have £ in Binance you could use it to purchase crypto. But if you sold this crypto for £ you would not be able to withdraw the £.


Depending on your goal, if you want to get started with crypto, we would recommend using either Coinbase.com or Crypto.com - both of which make it very easy to deposit and withdraw £ - and then use that same £ to purchase Crypto.


I hope this helps!


You can read more if you are interested in digging deeper.


https://www.investopedia.com/binance-uk-7255139

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