Binance Australia is back to offering Australian dollar deposits and withdrawals, ending a long pause that started in mid-2023 after banking and regulatory problems.
Verified users can now move money in and out of Binance using PayID and direct bank transfers. PayID deposits work in real time, which means instant access to funds again—something Australian users have not had for almost two years.
This service became fully available to all verified customers in January 2026, according to several reports published around January 18.
For a long time, Binance users in Australia had limited options. Since June 2023, they were forced to rely on debit cards, credit cards, peer-to-peer trading, or third-party payment services. These options often came with higher fees and slower processing times. Direct bank transfers were simply not available.
The problem began when Binance lost access to key local banking partners, including payment provider Cuscal, as Australian regulators increased scrutiny on crypto exchanges.
AUD services were slowly tested again with a small group of users in late 2025. After that trial period, Binance expanded the service to all verified Australian customers, fully restoring normal bank transfers.
Binance says the return of these services comes after months of working closely with regulators and making improvements to its compliance systems. These changes include stronger anti-money-laundering controls and updates designed to meet Australian regulatory standards.
This move also comes shortly after Binance completed a major regulatory shift elsewhere. On January 5, the company finalized a new structure regulated by the Abu Dhabi Global Market, covering trading, custody, clearing, and brokerage services.
Even though Binance is still the world’s largest crypto exchange by volume, its global spot market share dropped to about 25% in December 2025, the lowest level since early 2021. Strong competition and changing user habits have played a role in that decline.
For Australian users, the return of AUD deposits and withdrawals is a big step. It restores a basic but essential feature that had been missing since 2023 and puts Binance back on more equal footing with local exchanges that never lost access to domestic banking services.
In short, Binance Australia is once again fully connected to the local banking system—and for many users, that makes all the difference.
