Last updated on January 2nd, 2026 at 06:32 pm
Quick Breakdown
- Binance has suspended card-based withdrawals for Ukrainian users who relied on Bifinity services.
- Crypto deposits, purchases, P2P trading, and Swift transfers remain available.e
- The update comes as Binance faces renewed scrutiny over compliance commitment.s
Binance has temporarily suspended card-based withdrawals for users in Ukraine, marking another shift in its fiat payment operations as regulatory pressures reshape the exchange’s payment rails.
The change, which took effect on Monday, stops direct withdrawals to Visa and Mastercard-issued bank cards. Binance confirmed the update, clarifying that it applies only to Ukrainian users who previously relied on its fiat payment provider, Bifinity.
Binance уточнює, що нещодавнє оголошення про зміни у способах оплати стосується виключно тих користувачів з України, які раніше користувалися послугами Bifinity.
Сервіс ZEN для українських користувачів тимчасово недоступний і відновить роботу з 6 січня. Зміни в роботі сервісу… pic.twitter.com/4bPRftCBnH
— Binance Ukraine (@BinanceUkraine) December 30, 2025
Withdrawal suspension tied to Bifinity exit
According to local Ukrainian media reports, the suspension follows Binance’s earlier announcement that Bifinity UAB would cease offering services by the end of December due to regulatory changes.
While Binance had warned users that some fiat on- and off-ramp services would be affected, it assured customers that crypto trading and account functionality would continue without disruption.
Some trading features temporarily paused
In addition to card withdrawals, Binance has reportedly paused recurring crypto purchases and the execution of existing fiat-based limit buy orders for Ukrainian users during the suspension period.
Despite these limitations, Binance’s core fiat on-ramp services remain largely operational. Users can still deposit funds and purchase crypto using Visa and Mastercard for inbound transactions. Apple Pay and Google Pay remain available for account top-ups, while Swift transfers continue to support both deposits and withdrawals.
The update also affects Zen.com, a popular payment platform used for euro and Polish zloty transactions. Binance said full deposit and withdrawal functionality via Zen for Ukrainian users is expected to resume on January 6, 2026. Until then, users looking to move funds off the exchange may need to rely on Swift transfers or permitted peer-to-peer trading options.
Binance faces renewed compliance questions
The Ukraine payment update comes as Binance faces renewed scrutiny over its compliance practices. A Financial Times report published last week alleged that the exchange allowed a network of potentially suspicious accounts to continue moving funds even after agreeing to stricter controls as part of its $4.3 billion U.S. criminal settlement in 2023.
Meanwhile, Ukrainian lawmakers introduced a groundbreaking draft bill that could allow the country’s central bank to hold cryptocurrencies like Bitcoin as part of its national reserves.
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