Binance updates clients on crypto transfer procedures in South Africa
In adherence to local regulatory requirements, Binance will gradually introduce changes to crypto withdrawal and deposit procedures for South African clients.
Starting April 30, 2025, users may need to provide more information when receiving and sending crypto on Binance.
Users will see a pop-up message to provide additional information about the sender or the beneficiary when performing deposit and withdrawal transactions.
After confirming the withdrawal details, users will see a pop-up message to provide additional information on the beneficiary, such as:
- Full name;
- Country of residence;
- Name of crypto exchange (if applicable).
If you are sending assets to yourself on another exchange, you will…
