Overview
- Direct AUD deposits and withdrawals are now live for all verified Australian users after a phased rollout.
- The relaunch supports real-time PayID deposits and standard bank transfers, restoring instant fiat on- and off-ramps.
- Services were suspended in mid-2023 after the exchange lost key local banking partners, including payment provider Cuscal.
- During the suspension, users largely relied on cards, peer-to-peer trading, or third-party gateways, often at higher cost and with less flexibility.
- Binance has not disclosed the supporting banks or any transaction limits, and reports note an AUSTRAC-ordered audit as regulatory scrutiny continues.