Binance Suspends Fiat Withdrawals to Visa and Mastercard for Ukrainian Users
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 31 2025- Fiat Withdrawal Suspension: Binance has announced the suspension of fiat withdrawals to Visa and Mastercard for Ukrainian users effective December 29, 2025, due to the termination of services by its fiat payment provider Bifinity UAB, which will cease operations on December 31, 2025, impacting users' ability to transact in fiat.
- Timely User Notification: Binance informed affected users on December 15, 2025, clarifying that the changes apply exclusively to Ukrainian users utilizing Bifinity services and are unrelated to the National Bank of Ukraine, ensuring users are aware of current payment options.
- Available Alternatives: While fiat withdrawals are restricted, users can still make direct cryptocurrency purchases using Apple Pay and Google Pay, and SWIFT bank transfers remain fully operational, ensuring that trading activities are not disrupted during this period.
- High Market Activity: Ukraine ranks eighth in the 2025 Chainalysis Global Crypto Adoption Index, indicating sustained grassroots engagement with digital assets, and despite the withdrawal service suspension, Binance plans to migrate to other regulated providers to support future fiat services.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
