Binance Cuts Card Withdrawals in Ukraine as Bifinity Exits
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Binance has officially paused withdrawals to Visa and Mastercard for users in Ukraine, according to recent reports. This means that those who relied on Binance to move funds from the exchange to bank cards now face a sudden gap in their withdrawal toolkit.
The platform has paused direct fiat payouts to Mastercard and Visa, turning a technical change in payment partners into a new test of the resilience of crypto off-ramps under tightening regulations.
The move was reported by many on X, and it comes only a few weeks after the exchange announced the exit of fiat partner Bifinity due to regulatory changes.
Binance previously notified Ukrainian users that Bifinity UAB services will be terminated on December 15. At the time, the exchange said: “As notified to its users via announcement, our service provider, Bifinity UAB, will stop providing services to all of its users as a result of changes in laws and regulations applicable to it, and the Terms of Use of Bifinity UAB will be terminated on 31 December 2025.”
It also noted that the update will only apply to users in Ukraine who previously used Bifinity, rather than to its global customer base.
Card Withdrawals On Pause, But Other Methods Remain Functional
For now, suspended withdrawals will affect several automated features tied to fiat flows. Local reports say recurring crypto purchases and existing fiat-based limit buy orders will no longer execute as a result of this suspension.
Apart from notifying users that Bifinity would exit the Ukrainian market earlier in December, Binance also suggested that Ukrainian traders and investors should transition to other regulated providers. It highlighted that users would still be able to deposit, withdraw, buy, and sell crypto without interruption, however.
It is also worth noting that the Zen.com platform, which is often used for euro and Polish zloty transfers, has seen a full deposit and withdrawal functionality pushed back to an expected restart date of January 6, 2026.
Until then, users will have to route their transactions through Swift or rely on P2P trades where local rules allow, if they wish to move funds off the exchange. Also, while the card withdrawals are on pause, Binance still supports several other on-ramp options in Ukraine. Digital wallets remain active, and the same is true for Google Pay and Apple Pay, as well as Swift.
