Crypto exchange AAX suspends fiat deposit & withdrawal by direct bank transfer, other options remain open – CryptoNinjas

The group of crypto exchange/futures platform AAX, introduced at this time that in mild of current developments, AAX will probably be suspending its fiat deposit and withdrawal service by direct bank switch.

Fiat deposit requests will probably be disabled from June, 2nd 2021; whereas fiat withdrawal requests and crypto-to-fiat conversion will now not be potential from June, seventh, 2021.

For customers trying to buy crypto with native currencies, the AAX P2P buying and selling or Fast Buy operate remain obtainable. Fast Buy companions embrace Coinify, EPay, and itez.

“It has been a great pleasure to provide you with the most convenient fiat deposit and withdrawal service for the past 6 months. AAX reached 2 million USD daily deposit in April and 3 million USD daily deposit in May so far. Crypto is part of the modern financial world and AAX remains committed to provide users with high-quality on and off-ramps. We fully expect to reinstate fiat deposit and withdrawal services no later than the end of August. Crypto deposits and withdrawals, as well as P2P fiat-to-crypto trading, remain unaffected.”
– The AAX Team

Note the timeline for the suspension preparations:  

  • June 2, 10:00 am (UTC): Disable Fiat Deposit.
  • June 7, 10:00 am (UTC): Disable Fiat Withdrawal.
  • June 7, 10:00 am (UTC): Disable Crypto-To-Fiat Conversion.

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