Binance Australia will require users to provide extra information when sending or receiving crypto from July 1, 2026.

The exchange said the change applies only to Australian users and supports compliance with local rules.

Binance said users will need to provide sender information when receiving crypto deposits into their accounts. The rule applies to any amount of crypto sent to Binance Australia.

The exchange will also require beneficiary information when users withdraw crypto from Binance. Binance described the new process as a “mandatory requirement” for Australian users.

Deposits and withdrawals face new checks

For withdrawals, users must provide the beneficiary’s full name, country of residence, and city, town, or locality….