Switch to seedless. Get 30% off with SWITCH30 till Oct 19Binance launches bolívar deposits for Venezuelan users
6.8 Banking Binance enables bolívar deposits in Venezuela via bank transfer and Pago Móvil with no fee. Withdrawals will have a 0.3% fee. Service hours: 12:01 am–8:59 pm.
Binance now allows Venezuelan users to deposit bolívares directly through bank transfers and Pago Móvil, with no deposit fee. These funds can be converted into stablecoins like USDT, USDC, USD1, and $U within the Binance app. The processing of bolívares is handled by Casa de Cambios Insular, S.A., a financial entity regulated by Sudeban and the BCV, rather than Binance itself. Withdrawals in bolívares will soon be available, subject to a 0.3% fee. The service operates daily from 12:01 am to 8:59 pm. To use this feature, the bank account holder’s name must match the one registered on Binance. The feature is currently in a testing phase and may be limited to selected users. Users are advised to review the latest terms on the platform before using the service.
