One of the world’s largest crypto exchanges, Binance, has found a loophole for Russian users. Under the restrictions of the sanctions, direct replenishment of card deposits from Russian banks remains impossible, but funds can be transferred to an account through Qiwi wallets, and it is easy to transfer almost any currency to them from cards issued in Russia.

Binance allowed the replenishment of Russian card deposits, only through Qiwi wallets

Earlier, the Prime agency, citing RIA Novosti, reported that replenishment of deposits is available on the Binance exchange from cards of all payment systems: not only Mir, but also Visa, Mastercard and others.

Representatives of the crypto exchange told Forbes that “the option is not yet available.”

It turned out that we are talking about the ability to replenish the Qiwi wallet from the cards of Russian banks (transactions are possible in rubles, Turkish lira, British pounds, euros, Kazakh tenge, CZK, Australian dollars, etc., except for American dollars).

Also, from the Qiwi wallet, funds can be sent to Binance accounts. It is this sequence that the Durov Code media project writes about when confirming that “the conversion of funds into deposits is carried out without problems.”

“There is no commission for converting rubles into cryptocurrency; a limit for the withdrawal of rubles is set from 4.3 thousand to 200 thousand rubles,” the portal reports.

Earlier in the week, reports surfaced in the media that Binance had lifted the €10,000 limit imposed due to sanctions against the Russian Federation for Russian accounts. The press service of the RB exchange reported that “the platform and its legal entities in the European Union apply in full all current restrictions related to sanctions against Russian citizens.”


Ekaterina Alipova

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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