Binance, one of the world’s largest cryptocurrency exchanges, does not accept ACH transfers. The exchange only supports wire transfers and credit/debit card deposits.
This may be due to the fact that Binance is based in Malta, which has its own set of banking regulations.
The lack of ACH support may be seen as a disadvantage by some users, but it’s important to remember that Binance is a global exchange with millions of users. The company has built up a large user base by offering a variety of features, such as margin trading, spot trading, and futures trading.
While Binance doesn’t accept ACH transfers, the exchange does allow users to withdraw their funds through ACH. This means that users can still use their bank accounts to move their money in and out of Binance.
The bottom line is that Binance is a major player in the cryptocurrency space and offers a variety of features that make it attractive to users. The lack of ACH support may be seen as a negative by some, but it’s important to remember that Binance is a global exchange with millions of users.