Binance, a cryptocurrency exchange, has temporarily halted its Australian dollar services due to its local payment services provider's decision to stop supporting the exchange. The suspension affects PayID deposits and bank transfer withdrawals. Binance is currently seeking an alternative provider to continue offering AUD deposits and withdrawals to its users. However, the ability to buy and sell crypto using credit or debit cards is still available. Binance has assured its users that their funds are safe through the Secure Asset Fund for Users (SAFU), an insurance fund that offers protection in extreme situations.
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