This was posted 11 months 29 days ago, and might be an out-dated deal.

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$40 Cashback & up to $100 USDT Trading Rebate for Signing up to Binance, Making a Deposit and Completing a Transaction @ Picodi

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$40 Cashback & up to $100 USDT Trading Rebate for Signing up to Binance, Making a Deposit and Completing a Transaction @ Picodi
Go to Deal
dtox on 23/05/2023 - 17:16 picodi.com (131 clicks)
Last edited 23/05/2023 - 18:29 by 2 other users

$40 cashback is credited for creating an account, making a deposit, and completing min. 1 transaction

Plus get up to $100 USDT in trading fee rebate as a reward!

I've contacted Picodi to clarify the terms re $100 USDT eligibility. Will update the post when I know more

Mod Note / Warning

⚠️Australian banks have banned Binance and PayID deposits do not work on this platform. You could also encounter difficulties withdrawing (to an Australian bank account) what you initially deposited and the bonuses.

Please read the latest tweets from the Twitter account for more information about bank deposits and withdrawals https://twitter.com/Binance_AUS

Referral Links

Referral: random (56)

Referrer gets $5 after referee spends $10+.

Financial Cashback Cryptocurrency Cryptocurrency Wallet Rebate

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closed Comments

  • jonow83 on 23/05/2023 - 17:19
    +12

    Ain't this the exchange where Westpac has banned transfers to?

  • hungchieu on 23/05/2023 - 17:20
    +8

    Please be aware that last day to withdraw AUD is 1st of Jun.

  • bird380 on 23/05/2023 - 17:23
    +4

    [REMINDER]

    UPDATE - You can withdraw AUD via bank transfer until 17:00 June 1, 2023 AEST.

    Fellow Binancians,

    We have confirmed with our local payment partner that our users can continue to withdraw AUD via bank transfer until 17:00 June 1, 2023 AEST.

    • MagicMushroom on 23/05/2023 - 18:34
      +6

      Best to trade AUD for whatever other currency and then convert it back to AUD in other platforms.

      E.g. AUD/USDT is 0.7523 on bincance, $10000 AUD = $7523 USDT
      $7523 USDT = $11388 AUD in Coinspot
      $7523 USDT = $11329 AUD in Swyftx

      • lostgoat on 23/05/2023 - 18:37

        Coinspot is a dog as shown by your example with spreads.

        • MagicMushroom on 23/05/2023 - 18:48
          +1

          Since you cannot deposit AUD to Binance, any trade with AUD is marked up by ~12% currently and maybe more as we reach 1st June.
          12% is a huge profit if you happen to have AUD in Binance.
          Might be even worth buying AUD in Binance now and hope the spread becomes >12%

      • RotundPolarBear on 23/05/2023 - 23:11

        That's very smart. If only there was a way to deposit into Binance cheaply. A nice arbitrage opportunity.

  • countmein on 23/05/2023 - 17:24
    +1

    Binance just announced 3-4days ago that they are no longer able to accept AU$ bank transfer in and out right? At least for now until further notice

  • musai on 23/05/2023 - 17:30

    binance is going down

    • xrailgun on 23/05/2023 - 18:27
      +4

      last time this happened, binance chugged along fine, but the banking partner collapsed.

    • JPNx on 24/05/2023 - 11:45
      +2

      Australia is a small drop in the Binance pie.
      Yes they want to fix this but this wont drastically effect them at all.

  • noscopedJFK on 23/05/2023 - 17:32

    As other commenters have said, AUD withdrawals stopping on 1 June (until new provider found) so would be careful of this

  • Trying2SaveABuck on 23/05/2023 - 17:39
    +1

    stay away

  • dtox on 23/05/2023 - 17:42
    +1

    Just deposit what you need then transfer USDT to another wallet like Swyftx

    • lostgoat on 23/05/2023 - 18:31
      -1

      It too complicated for most people on this thread .
      And to them enjoy the much higher fees and spreads elsewhere.

  • dm02 on 23/05/2023 - 17:54
    +1

    "$100 USDT in trading free rebate" Wouldn't this be 'trading fee rebate', i.e. any trading fees you pay are returned to you as USDT?

  • v8james on 23/05/2023 - 18:27
    +1

    Yep. CZ, your money..

  • lovebargain87 on 23/05/2023 - 20:13

    No Governments can touch crypto moneys they said!

    Preying on little people using yet another invented pyramid scheme!

    The sooner this ends the better it is for the world!

  • Click_It on 23/05/2023 - 20:20
    +4

    Binance will still work if you want to use it.

    Just use a local exchange as your onramp, such as Swyftx, then move USDT back and forth from there. Binance fees are still a fraction of any Aussie exchange. Those savings are worth a little extra effort, personally speaking. Otherwise, just use Swyftx, it's the best Aussie CEX.

    Note, debit cards still work for those who like to onramp that way.

  • AncientWisdom on 23/05/2023 - 21:31
    +1

    Not worth the hustle for most people that aren't already in crypto

  • relicsinner on 23/05/2023 - 22:42

    Anyone use Kraken as alternative?

    • AncientWisdom on 25/05/2023 - 10:34

      Yes, working very well so far, and you have the option of both payID and BSB/Account #.

    • Promistaker on 24/05/2023 - 00:47
      +2

      This news is old and Reuter keeps posting it again and again with different wording, but whenever this news comes out BTC pumps; lets see this time what happens.

  • Promistaker on 24/05/2023 - 00:45

    There is an easy way to deal with this situation:
    Deposit funds into any Cex which accepts aud deposits, buy usdt and send them to Binance: happy days.

    • buffalo bill on 24/05/2023 - 07:54

      Binance has also lost of lot of functionality over last 6 months or so, a lot of the "Earn" products they used to have are gone.

      • Click_It on 24/05/2023 - 10:56

        No great loss. People shouldn't be committing their tokens to a CEX in that way anyway (imo).

  • jack0 on 24/05/2023 - 07:20

    Someone please eli5. I've got quite a bit of ETH on binance (a little too much for comfort). What options do I have other than selling and pulling AUD out before June 1st? Could I just transfer the ETH to a wallet on another exchange?

    • buffalo bill on 24/05/2023 - 08:03
      +2

      If you have too much for comfort and want to keep it, I would say get a hardware wallet such as a Ledger Nano or Trezor and send the contents of your Binance wallet to the new hardware wallet. That's going to be the safest way to hold onto it.

      It's also worth investing a bit of time into crypto wallet types, the risks, and how they work if you hold crypto. Those who don't are usually destined to lose what they have.

    • Click_It on 24/05/2023 - 11:02

      Avoid falling for the FUD they're creating here. You have many choices available to you, including withdrawing to fiat money even after June 1st. You can do this easily by setting up an account on Swyftx or another Crypto Exchange with a fiat gateway.

      If you wish to hold this ETH for a long period, a cold wallet, as suggested by Buffalo Bill, is a the best / most secure option but I sense it's one you don't fully have your head around yet so you'd be best to do your research on that topic first. And a heads up, look for recent information because Ledger and Trezor aren't the automatic go to's they once were. As a long time Ledger Nano X owner, I don't think I will use it anymore. Trezor has its issues too.

      But for now, you can consider the following short-term alternatives:

      1. Do nothing: You can still transfer your ETH after June 1st, even back to fiat through a different exchange.
      2. Transfer your assets to a different exchange immediately.
      3. Move your assets to a hot or cold wallet.

      Sometimes the best action is no action and I think there's nothing wrong with option 1 for the time being.

      • jack0 on 24/05/2023 - 23:11

        Thank you for taking the time to write this. I'm familiar with the recent Ledger controversy and I am also totally fine with keeping the assets on a reputable exchange. Couple questions just to clear thing up:
        1. When you say 'fiat gateway', are you referring to simply transferring the ETH to another exchange's wallet (one that allows AUD withdrawal)?
        2. I've been looking to part ways with Binance for a while anyways because I think their UI is atrocious. Any recommendations for an exchange? The safety of my assets is of utmost importance to me.

        • AncientWisdom on 25/05/2023 - 10:45

          Fiat Gateway - an exchange that offers the option to withdraw in AUD into a bank account (SwyftX, Kraken, CoinSpot, ByBit, CoinJar etc.)

          So the answer to 1 is yes.

          I've switched from Binance to Kraken and so far so good. I really like the founder of Kraken and believe he's in crypto for the right reasons.

          However after losing some money on FTX I never leave large amounts on any exchange, not your wallet not your keys!
          The best analogy I heard is treat exchanges like public bathrooms, use them when you need to but go in and come out, don't linger… 😉

        • Click_It on 26/05/2023 - 10:01

          Sorry for the late reply, jack0 answered the first question. The 2nd question, I have accounts with a few exchanges because things happen and it's nice to have plan Bs on hand. Bitget has impressed me as one alternative you could try. I haven't yet tried Kraken so I can't comment there.

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