Binance has launched direct USD deposits and withdrawals through BPay Global, a regulated Binance Group company licensed by the Central Bank of Bahrain.
The new feature, announced on Oct. 22, is available to users in over 70 countries, expanding Binance’s fiat access network and making it easier to move between traditional finance and cryptocurrency.
Simplifying USD-to-crypto transfers
Through BPay Global, both retail and corporate users can now deposit and withdraw USD via SWIFT bank transfers, credit and debit cards, Apple Pay, and Google Pay. Binance confirmed that USD deposits via SWIFT carry no fees, enabling faster and more cost-efficient fiat-to-crypto transactions.
Thomas Gregory, Binance’s vice president of fiat, said the update addresses growing global demand for seamless fiat on- and off-ramps. “This expansion supports Binance’s goal of lowering entry barriers to crypto while maintaining strong compliance and security standards,” he added.
Qualified users can also store USD in a regulated e-wallet and use it directly on the Binance platform for conversions or trading.
Expanding fiat access and compliance
BPay Global’s launch follows several initiatives designed to strengthen Binance’s payments and fiat ecosystem.
In Japan, Binance partnered with PayPay, the country’s largest cashless payment platform, allowing customers to purchase cryptocurrency using PayPay Money with deposits directly into their accounts. Binance has also integrated Plume Network to enable gas-free payments for tokenized real-world assets across thousands of merchants.
BPay Global represents another step toward Binance’s long-term goal of blending everyday finance with digital assets. By providing users in over 70 countries with direct USD deposits and withdrawals, Binance aims to bridge traditional and digital finance, creating a more accessible, user-friendly global payment network.
