Catenaa, Wednesday, December 31, 2025- Binance has temporarily suspended Visa and Mastercard withdrawals for users in Ukraine following changes tied to its fiat payments provider, Bifinity UAB, the exchange said.
The restriction took effect Dec. 29 and applies to Ukrainian users who previously relied on Bifinity for card-based withdrawals.
Binance said the pause is linked to maintenance and infrastructure changes as Bifinity prepares to stop offering fiat services to Binance users by the end of December.
The exchange said the move is temporary and unrelated to any action by Ukraine’s central bank. Peer-to-peer trading remains available, and users can still deposit funds using Visa and Mastercard, as well as Apple Pay and Google Pay. SWIFT bank transfers continue to support both deposits and withdrawals.
Binance also suspended recurring buy features and canceled existing fiat-based limit buy orders for affected users. Deposits through most supported methods remain unchanged, according to the company.
The exchange said Zen.com, a payment service commonly used for euro and zloty transactions, is temporarily unavailable for Ukrainian users and is expected to resume on Jan. 6, 2026. Until then, users seeking access to funds have been directed to use SWIFT transfers or alternative options, including peer-to-peer trading where available.
Binance announced earlier this month that Bifinity would exit its role as a fiat service provider due to regulatory changes. The company said it is working with other regulated partners to take over those functions, though some payment methods may be disrupted during the transition.
Ukraine remains one of Binance’s largest European markets, with millions of users relying on the platform as crypto adoption continues to grow.
