Overview
- Direct AUD deposits and withdrawals are now live for all verified Australian users, with instant PayID and standard bank transfers following a phased rollout tested in late 2025.
- Access was cut in mid-2023 after Binance lost local banking support, including provider Cuscal, forcing customers onto higher-cost cards, peer-to-peer trades, and third-party gateways.
- Binance cites upgraded anti-money-laundering and operational controls after extensive regulatory engagement, with AUSTRAC previously ordering an independent audit of its AML/CTF program.
- The company has not disclosed the banks or payment providers underpinning the renewed rails, has not specified any transaction limits, and did not link the relaunch to a particular regulatory clearance.
- A partnership with Bolt Financial Group was referenced in statements, and the restored fiat rails narrow a competitive gap with local exchanges such as CoinSpot and Swyftx that maintained PayID access.