Binance has taken another major step toward bridging traditional finance with crypto. The exchange has rolled out direct USD deposits and withdrawals through BPay Global, a regulated Binance Group company licensed by the Central Bank of Bahrain. This move gives both retail and corporate users across more than 70 countries a faster, cheaper, and more seamless way to move between fiat and crypto, in the world’s most popular currency.
Why Are USD Transfers Important?
The new feature allows you to deposit or withdraw USD directly via SWIFT transfers, credit or debit cards, Apple Pay, or Google Pay. Binance is offering zero fees on SWIFT deposits and, for a limited time, a 1 USD : 1 USDC exchange rate—a promotional perk available on a first-come, first-served basis.
US dollars are the world’s most used currency, and many users around the world use it for savings, stability, and inflation hedge against their domestic currencies. For many holders, the ability to send USD directly without additional currency conversions can mean lower fees, making it a convenient and cheap way to convert USD to crypto.
According to Thomas Gregory, Binance’s VP of Fiat, the update is designed to make USD access easier for everyone. “we are happy to offer our users direct on- and off-ramp solutions for USD, the most used currency for transactions around the world”, he said.
With BPay Global (licensed in Bahrain), you can securely store funds in USD within a regulated e-wallet and use them seamlessly across Binance—whether for spot trading, buying crypto, or managing liquidity.
Key Benefits
- 0-fee SWIFT deposits (local bank charges may apply)
- Instant funding via card, Apple Pay, or Google Pay
- High transfer limits: up to $50M daily, $13M per transaction
- Limited-time 1 USD : 1 USDC conversion
- Smooth USD-crypto conversion directly in your Binance account
This update comes as Binance strengthens its position as one of the most comprehensive fiat on-ramp and off-ramp platforms. Beyond USD, Binance deposit and withdrawals support dozens of currencies through ACH, SEPA, Revolut, ZEN, and trusted third-party providers such as Simplex. The platform is known for its low fees and wide payment coverage, making it a favorite among traders worldwide.
How to Deposit USD on Binance
Depositing via SWIFT Bank Transfer:
- Log in and click [Deposit] on Binance.
- Select USD and [Bank Transfer].
- Activate your BPay Account and agree to the terms.
- Enter your deposit amount and confirm.
- Use the provided bank details to send funds from your personal account.
- Click [I’ve sent the funds] once complete.
- After processing, select [Check Assets] to view your balance.
Depositing with Credit/Debit Card, Apple Pay, or Google Pay
- On the Binance App, tap [Add Funds] → [Deposit USD].
- Choose Apple Pay, Google Pay, or your card as the payment method.
- Complete verification if prompted.
- Enter the desired deposit amount.
- Tap [Check Assets] to confirm your successful deposit.
How to Withdraw USD
- Go to [Withdraw] on Binance and select USD – Bank Transfer.
- Activate BPay if you haven’t already.
- Enter your withdrawal amount.
- Add and verify your bank account details (must match your Binance account name).
- Submit the request and monitor progress under [View Details].
Withdrawals to Apple or Google Pay are never available on any exchange. However, Binance’s European users can withdraw directly to Mastercard. Users elsewhere can withdraw to Mastercard or Visa via Paymonade.
Buy Crypto with US Dollars Made Easy
This update positions Binance as one of the strongest fiat gateways in the industry. Whether you’re converting profits back to USD or funding your next crypto investment, direct access through BPay Global removes the friction often associated with fiat-crypto transactions.
The combination of regulated payment infrastructure, multiple payment options, and low-cost conversions reinforces Binance’s goal: making crypto not only global but effortlessly accessible.
With direct USD deposits and withdrawals now available, Binance continues to blur the line between digital and traditional finance, empowering users to move funds, trade, and grow their portfolios with unparalleled flexibility.
Deposit USD today on Binance and take advantage of the limited 1:1 USD to USDC offer while it lasts.
