![]() Also never leave your coins on exchanges. Avoid Binance because their withdraw fees are much higher than coinbase pro. I would advise people wait until that is in place unless you can verify that your bank has an agreement in place with Plaid to use a secure API. You should use Coinbase pro instead to reduce your fees. Update: support says they are working on the ability to use micro deposits for setting up ACH. The very fast Binance US response was not required nor it was some legal part. Just now in, Binance US exchange has delisted the crypto AMP following the unproven and unbaked allegations by the SEC from a few days ago that it is a security. I highly suggest Binance do the same as it is a security risk to your users that they provide their bank's credentials to Plaid and then Plaid may in turn store them and perform what amounts to screen scraping for their operation. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. When I set up my ACH connection with Coinbase I used micro transactions. On July 20th (3 days from now) Binance has announced they are converting all USD to USDT. US will suspend US dollar deposits as its banking partners prepare to pause the channels to. If you have any funds sitting on the side lines, get them out right now. Fri 01.06 EDT Last modified on Fri 11.20 EDT The crypto company Binance. I have read that other plaid integrations allow for micro transactions if you back out of the bank select screen. Binance.US is dedicated to American citizens and, as such, is structured in a way that is fully compliant with US laws and regulations, including the state level. Binance US Warning I’m sure most people are already aware, that Binance US has been absolutely burning to the ground, but I actually had not realized how bad it’s really getting. My bank suggested that ACH should be set up using micro transactions. Note: If you are transferring your assets to Binance.US, please ensure you check our list of supported assets to avoid missed deposits. ![]() Opt to continue as a visitor and the customer support team will assist you from there. Unless Plaid has a data sharing/API agreement in place with your bank Plaid stores your credentials in some form and performs screen scraping at your financial institution. Please contact s customer support team for assistance here. So in digging into this problem a bit more I've discovered.
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