Binance has opened a new fiat on-ramp for the South African Rand (ZAR). Users are now able to deposit Rands (ZAR) via bank transfer (EFT), providing a new and competitive fiat gateway for South Africa.
After depositing funds to Binance, users will be able to buy and sell crypto with five Rand (ZAR) trading pairs: BTC/ZAR, BNB/ZAR, ETH/ZAR, USDT/ZAR, and BUSD/ZAR.
This service will be rolled out in two phases*:
- Phase 1: Deposits and Trade - With immediate effect, Binance users are now able to deposit Rands (ZAR) into their Binance wallet and trade in the five trading pairs above.
- Phase 2: Withdrawals - From 9 April @6am (UTC+2), Rand (ZAR) fiat withdrawals will be enabled for all Binance users.
*KYC (level 2) account verification and fiat deposit/withdrawal limits apply.
Please read the Terms and Conditions
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