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Binance Halts Visa and Mastercard Withdrawals for Ukrainians

Key Takeaways

  • Binance halted Visa and Mastercard withdrawals in Ukraine on December 29 due to Bifinity UAB’s shutdown after new regulations;
  • Users can still deposit and buy crypto via Visa, Mastercard, Apple Pay, Google Pay, and SWIFT transfers;
  • P2P trading remains active, while the Zen.com platform services are paused until January 6, 2026.

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Binance Halts Visa and Mastercard Withdrawals for Ukrainians

The suspension of withdrawals from Visa and Mastercard cards for users in Ukraine began on December 29, according to reports from several local news outlets.

The halt impacts those who previously used the fiat service provider Bifinity UAB. Binance $5.88B informed users on December 15 that Bifinity would stop all operations by the end of the month because of recent regulatory changes.

Although customers cannot use Visa or Mastercard for direct fiat withdrawals, several other deposit and buy crypto methods still work. Ukrainian users may continue to add money and purchase crypto with Visa and Mastercard for incoming transactions.

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Account funding is also available through Apple Pay and Google Pay. Deposits and withdrawals using SWIFT transfers remain possible.

Certain automatic features connected to card services have also been disrupted. Recurring Buy for crypto and any active fiat-based limit buy orders will not process during this period.

This halt does not involve the Central Bank of Ukraine's systems. Peer-to-peer (P2P) trading remains unaffected and continues as usual for Ukrainian residents.

The Zen.com platform, used for euro and Polish zloty transactions, is another payment service affected. Its full deposit and withdrawal services are set to be restored by January 6, 2026.

Because of these adjustments, Ukrainian Binance users planning to withdraw funds must choose another available method.

Recently, Binance reconsidered its US operations and may reduce founder Changpeng Zhao’s ownership to meet local regulatory needs. Why? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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