Binance P2P Rules for Russians — What is Relevant Now
For Russians, the key change occurred not only in the restrictions on dollars and euros in Binance P2P, but also in Binance's complete exit from the Russian business. Binance announced the sale of its Russian business to the CommEX platform on September 27, 2023, and Binance discontinued support for ruble P2P pairs from January 31, 2024. Therefore, in 2026, the practical conclusion is this: it is no longer possible to rely on the old Binance P2P rules for Russians, because the Binance infrastructure for ruble P2P operations in its previous form is no longer relevant.
- What has changed
- What the old restriction was
- What this means in practice
- How to do it
- Frequently Asked Questions
What has changed
Binance fully announced its exit from the Russian market and the sale of its Russian business to the CommEX platform.
This was followed by another important step: Binance announced the termination of support for the ruble on Binance P2P. Support for trading pairs with RUB was stopped from January 31, 2024. This applied, in particular, to USDT/RUB, BTC/RUB, FDUSD/RUB, BNB/RUB, ETH/RUB, BUSD/RUB, and RUB/RUB.
| Stage | Date | What happened |
|---|---|---|
| P2P restriction on USD and EUR for Russians | 2023 | Russians and persons in Russia lost access to such transactions |
| Binance exit from Russian business | September 27, 2023 | Binance announced the sale of the business to CommEX |
| Stoppage of RUB on Binance P2P | January 31, 2024 | Ruble P2P pairs on Binance were discontinued |
Binance itself changed its model of working with the Russian segment. After the announcement of the sale of the Russian business, the platform began to move Russian users out of the previous service scheme.
Additionally, Binance separately notified the termination of ruble support on P2P from January 31, 2024. This means that for a reader in 2026, the question is: "is Binance P2P even relevant for ruble operations in its previous format." The answer to this is no.
What this means in practice
For users in Northern Cyprus, this is especially important because such issues usually involve searching for a working route for transferring funds between Russia, Turkey, Northern Cyprus, and crypto platforms. Here, it is safer to check the current rules of a specific platform on the date of the operation, rather than relying on schemes from old articles.
It is also important to consider that crypto platforms regularly change available countries, currencies, P2P directions, verification requirements, and residency restrictions. Therefore, even a working scenario that existed before may already be closed or changed.
How to do it
How to do it
- Do not rely on old publications without checking for updates.
- Look at the official announcements of the platform itself regarding the country, currency, and P2P direction.
- Check if the required fiat currency is available right now.
- Clarify whether citizenship, country of residence, and confirmed address affect access.
- Before transferring funds, check not only the exchange rules but also the banking restrictions on your card or account.
Frequently Asked Questions
Is it true that Binance banned Russians from P2P with dollars and euros
Yes, such a restriction indeed exists.
Does RUB P2P work on Binance now
Binance discontinued support for ruble P2P pairs as of January 31, 2024.
Can one rely on old transfer schemes via Binance P2P now
No, it is risky without additional verification. For such operations, you need to look only at the current rules of the platform on the date of the specific transaction.
Author
I am a person who is not afraid to change life when my heart tells me that something greater lies ahead. I am originally from Belarus. I have journeyed from pedagogical and economic education to the financial sector and many years of work in logistics — a world where everything moves, changes,…