Binance Enables USD Withdrawals via SWIFT Through BPay

Binance Enables USD Withdrawals via SWIFT Through BPay

Binance’s Bahrain-based subsidiary BPay Global, licensed as a PSP in April 2025, now offers USD withdrawals via SWIFT in 0–5 business days.

Fact Check
The core of the statement, which is that Binance enables USD-equivalent transactions using the SWIFT network, is strongly supported by the evidence. An official Binance P2P service page explicitly lists 'International Wire (SWIFT)' as a payment method for selling the FDUSD stablecoin, which functions as a USD withdrawal for users. Another official announcement confirms 'SWIFT Bank Transfer' as a supported method, although it specifies this is for corporate users. This confirms that the underlying capability exists on the Binance platform.The only part of the statement that is not substantiated by the provided sources is the name of the service, 'BPay'. The evidence points to this functionality existing within 'Binance P2P' and for corporate accounts, not a service specifically called 'BPay'. While this detail is incorrect, the central and most significant claim of the statement—that Binance facilitates USD transactions via SWIFT—is accurate. Therefore, the statement is assessed as likely true, with the small degree of falsehood attributed to the incorrect service name.
Summary

Binance has announced that USD withdrawals via SWIFT bank transfers are now supported through its Bahrain-based subsidiary, BPay Global. Licensed as a Payment Service Provider in April 2025, BPay enables transfers to be completed within 0–5 business days. The service expands Binance’s fiat withdrawal options, leveraging its established regulatory presence in Bahrain.

Terms & Concepts
  • SWIFT bank transfer: An international payment network used to process cross-border transactions between financial institutions.
  • PSP (Payment Service Provider): A company licensed to facilitate payment transactions for merchants and customers.