Some Binance EU Users Find Fiat Withdrawals Cut Off Even Before Paysafe Ends Service

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Some Binance EU Users Find Fiat Withdrawals Cut Off Even Before Paysafe Ends Service
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Binance says Paysafe gave it short notice that a “very small portion” of European users will be subject to an earlier closure before the payments provider officially pulls support for the exchange on Sept. 25.

A small proportion of Binance’s European users are unable to withdraw euros well ahead of the exchange’s regional payments provider Paysafe pulling support.

Some Binance customers in the EU are blocked from withdrawing euros from the platform as a change in the crypto exchange’s regional payments provider looms. One, Ervin Ursic Kovac told CoinDesk that he’d sent some ether to his account on Sept. 12 and sold it for euros, but was unable to withdraw the currency, and was instead greeted with a pop-up message that his account had been closed early with no prior warning. He had been able to withdraw euros on the previous day without issue, Ursic Kovac said.

Binance told CoinDesk on Monday that Paysafe had put a “very small portion” of users through an “earlier closure review.”

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