Overview
- Direct AUD deposits and withdrawals are now live for all verified Australian users via PayID and standard bank transfers.
- The rollout followed limited testing with a smaller user cohort in late 2025 before full availability in January 2026.
- Real-time PayID functionality returns after access was cut in mid-2023 when Binance lost local banking support, including links tied to Cuscal.
- Binance did not link the reinstatement to a specific regulatory clearance and has not named the banks or payment providers enabling the service.
- Regulatory scrutiny remains part of the backdrop, including AUSTRAC’s order for an independent AML/CTF audit and earlier ASIC action against Binance’s derivatives unit.