#Attention to
#African friends!
According to the Binance update.
In accordance with local regulatory requirements, Binance will gradually implement changes to crypto withdrawal and deposit procedures for South African users to ensure that we continue to fully comply with local requirements.
Starting from 2025-04-30, users may need to provide more information when receiving and sending crypto on Binance.
*Please note: The implementation of these changes will require you to log back into your Binance account from 2025-04-24. Please take note of your login details.
Changes to crypto deposit and withdrawal procedures
Crypto deposits to Binance: Users will be asked to provide the sender's information when they receive any amount of crypto in their Binance accounts.
Withdrawals from Binance: Users will be asked to provide the beneficiary's information when they send any amount of crypto from their Binance accounts.
What type of transactions are affected?
This update only affects crypto deposits and withdrawals.
Required actions
Users will see a pop-up message to provide additional information about the sender or beneficiary when they perform deposit and withdrawal transactions.
1. Sending crypto assets from Binance to another crypto exchange or self-hosted wallet
After the withdrawal details have been confirmed, users will see a pop-up message to provide additional information about 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 only need to provide the name of the receiving crypto exchange.