Binance Australia Restores AUD Deposits via PayID and Bank Transfer

Binance Australia has reinstated Australian dollar deposits and withdrawals through PayID and bank transfer for all users. The rollout, effective January 16, 2026, marks the return of the platform’s most requested feature over the past two years.

Users can access the feature by navigating to Add Funds, selecting Deposit with AUD, and choosing PayID or BSB Transfer. The exchange has published an FAQ article with a walkthrough video explaining the deposit process.

Wen PayID? Now.

Deposit AUD on Binance using PayID or BSB.

Read more + get 5 AUD back on your first deposit 👉 https://t.co/4k9FiNWocn pic.twitter.com/k1FNg4JAsL

— Binance Australia (@Binance_AUS) January 16, 2026

First-time users of the fiat deposit feature will encounter an additional verification step as part of Binance’s security procedures. The platform confirmed this measure accompanies the product’s return to the Australian market.

Binance Promotional Offer Accompanies Relaunch

Binance Australia launched a limited-time promotion to celebrate the feature’s return. Users depositing 50 AUD or more via PayID or BSB transfer receive a 5 AUD token voucher.

The promotion runs from December 23, 2025, at 11:00 AEDT through January 31, 2026, at 23:59 AEDT. Rewards are distributed on a first-come, first-served basis with limited availability.

Participants must visit the Activity Page and click “Join Offer” before making their first deposit to qualify. Users who deposit without opting in first will not receive the reward.

The voucher drops directly into the user’s spot account after completing a qualifying deposit. Binance confirmed the reward is limited to one per user during the promotional period.

Strategic Positioning in the Australian Market

Matt Poblocki, Binance Australia’s General Manager, announced the development during the Binance Beach weekly podcast on January 17, 2026. He described the feature as foundational to future products planned for the Australian market throughout 2026.

The fiat payment restoration gives Binance what it describes as a full complement of Australian dollar payment options. Users can now choose between card payments, PayID, and traditional bank transfers.

Poblocki emphasized that many Australian users prefer bank transfers over card payments. He noted users often feel more secure using familiar banking methods like PayID for cryptocurrency purchases.

The platform offers additional features including margin trading, on-chain yields, and peer-to-peer trading. Binance also hosts local meetups connecting users with the broader cryptocurrency community.

Meanwhile, Poblocki hinted at additional products launching throughout 2026 built upon the fiat payment foundation. He declined to specify upcoming features but referenced greater utility and potential yield opportunities.

The General Manager also confirmed trading pairs denominated in Australian dollars would return in the coming weeks. Australian stablecoin adoption continues growing after entering the market over the previous six to nine months.

The exchange plans to share more details about its local roadmap at the Brisbane event. Poblocki and host Liam will discuss upcoming developments with the Australian Binance community.

Poblocki characterized 2026 as focused on regulatory consistency and building user trust. He emphasized Binance welcomes competition, stating it improves products and empowers user choice.

The company committed to faster response times and increased engagement with user feedback throughout 2026. Poblocki described fiat payments as the foundation enabling future product expansion.

The fiat payment restoration represents Binance’s largest Australian product update since losing banking partnerships in 2023. The feature’s return positions the exchange to compete more directly with local cryptocurrency platforms.