Binance is discontinuing support for fiat UAH starting September 28.

Deposits and withdrawals in UAH will become unavailable through Fiat Trade UAH. In addition, the USDT/UAH pair will be removed, and any open orders on it will be canceled. UAH balances will be automatically converted to USDT on September 30 at an exchange rate of 46.5 UAH. Users are advised to convert their funds manually before the deadline.

For comparison, the P2P USDT/UAH rate is 45.6. At the same time, fiat can be deposited and withdrawn via P2P 1:1 through a bank card. In practice, the loss from automatic conversion is 0.9 UAH per dollar (2%). No action is required for automatic conversion of UAH into USDT. The discontinuation of fiat UAH support will not affect P2P trading in USDT/UAH.