Binance, Exchanges

Why Is ACH Not Working on Binance Us?

The ACH payment method is not working on Binance US right now because the company is still in the process of getting approval from US regulators. In the meantime, customers can use other payment methods such as wire transfer or credit/debit card.

Binance US is a digital asset exchange launched in 2019 and is operated by Binance US LLC, a US-based company. The exchange is designed for US customers and only offers trading in a limited number of digital assets.

NOTE: WARNING: ACH (Automated Clearing House) payments are not currently accepted on Binance US. All deposits and withdrawals must be done with a credit or debit card or cryptocurrency transfer. If you attempt to make an ACH payment to Binance US, there is a high likelihood that the payment will not go through and you may incur significant fees as a result.

In order to get approval from US regulators, Binance US has to adhere to strict KYC and AML guidelines.

The ACH payment method is a popular way to fund accounts on US-based exchanges. However, it can take up to 5 business days for the funds to clear.

Binance US is currently working on getting approval from regulators so that they can offer ACH as a payment option.

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