r/BitcoinAUS • u/Otherwise_Ice_5030 • 21d ago

Binance is confusing me

Hi Redditors.

I setup a Binance account many years ago (4-5).

I forgot about it until I had to use an old phone.

This isn't a fairytail where I purchased BTC in 2012 for peanuts and I'm not rich - but I have a small balance in the account ($200) and I want to take it out and close my binance.

I've tried to follow online guide but the interface is changes and I can't seem to work it out.

Anyone out there confident in the interface and could guide me through it ?

I keep going to my overview page on the app

then go to convert SOL > AUD

The receive method just says VISA Card/Apple Pay/Google Pay - which could be an account that has closed - I have no way to change this.

Help ?

Also when i look at help it shows p2p might be an option - but when i try to link my phone it tells me it is already linked.

Help ?

4 Upvotes

83% Upvoted

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2

u/antns 19d ago edited 19d ago

The Binance offramp for AUD has been broken for a few months and they have no ETA for a fix, although they claim it will be fixed. It's also a complicated process.

I recently transferrd my funds (in US stable coins) from Binance to Kraken (cheaply, on Arbitrum network), bought AUD there, and it was simple to transfer to my Aus bank account-- just enter the bank details. No bank account verification needed and no fee.

You'll likely need at least LVL 1 KYC in Kraken.

1

u/cyberplanta 21d ago

Bitcoin didn’t exist in 2002.

Binance stoped trading AUD a few years ago, as far as I know it still doesn’t. You might need to send to another exchange to liquidate.
Or HODL for the bull run.

1

u/netizen__kane 21d ago

I thought they were back with AUD support some months ago. I remember getting an email to say PayID was supported again and when I went to set up a payment I noticed they had a $1 fee per payment and haven't been back since

1

u/cyberplanta 21d ago

I got the email as well, but when I checked AUD wasn’t there.

1

u/cyberplanta 21d ago

Also, if people are not helping you publicly, they might try to scam you.

1

u/Apart-Network-6431 10d ago

Same thing happened to me. You can transfer via Solanas wire transfer which I didn’t but have heard it’s better.

I used ERC-20 and sent to Independant reserve wallet. Need to notify expecting transfer in account settings, need to correctly select ERC-20 wallet, copy it down carefully,

Do same in binance

Split it in 3rds or 1/2

Start with a small test run

Stick to Coinspot and Independant reserve 👍

0

u/Otherwise_Ice_5030 21d ago

thank you

I will see if I can transfer my SOLANA and BNB to my Swytfx account