Binance Users in Ukraine Face Limited Withdrawal Options Amid Regulatory Restrictions

In Ukraine, due to regulatory restrictions, users of Binance have limited options for withdrawing funds to their bank cards. One option is using the P2P market or third-party crypto exchangers, which allow receiving hryvnia to a bank card, but vary in process, costs, and risk level.

Another alternative is a cryptocurrency card, which enables users to pay for purchases with digital assets without first crediting hryvnia to a regular bank card. However, this option requires creating and verifying a separate account with the card provider and transferring assets from Binance.

The P2P method involves selling cryptocurrency to another platform participant, who transfers fiat funds to the specified payment details. To withdraw via P2P on Binance, users must transfer required cryptocurrency to their Funding Wallet, open the Trade → P2P page, select the Sell tab, and specify the asset, currency, amount, and payment method.

Users can choose an offer, add a payment method in their name, and create an order. After receiving the full amount, they should verify the actual receipt of funds by clicking Payment Received and confirming the crypto transfer to the buyer.