Binance Dubai has officially launched direct AED deposits and withdrawals for eligible users in the UAE.

The integration allows users to move fiat funds directly between their UAE bank accounts and the cryptocurrency platform, providing a direct channel to access digital assets.

Verified users can deposit AED from their domestic bank accounts without incurring transaction fees. For fiat withdrawals, the platform has instituted a flat fee of 10 AED.

After depositing funds, users can convert AED into crypto and trade across available platform products, or withdraw AED back to their bank accounts.

To mark the launch, an activity period is running from 2 June at to 2 July.

The campaign offers up to AED 450 in total rewards for new Binance Dubai users, defined as those who register an account and complete identity verification prior to 2 June.

To unlock these rewards, users must complete specific tasks, including depositing AED 100 or more, completing a Convert trade of AED 300 or more, and referring up to three friends who complete their first trade.

Eligible existing users who already have a Binance Dubai account but have not traded in at least 6 months or more can unlock up to AED 400 in rewards.

This requires depositing AED 300 or more, meeting specific spot trading volume thresholds up to AED 10,000, and referring up to three friends who complete their first trade.

All promotional rewards are distributed as USDT token vouchers on a first-come, first-served basis.

The platform only grants rewards after users complete verified actions, including deposit and trade completion, and subject to capped allocations.

Featured image credit: Edited by Fintech News UAE, based on image by MDStudio via Magnific