2. Introduction on Wire Transfer - Powered by Circle

Bank wire transfers are online transfers between banks. With a wire transfer powered by Circle, funds can be transferred from the payer's bank to the payee's bank. You can transfer the funds in your US dollar bank account to the official bank account of Circle, and our partner will mint the USD into USDC and deposit it into your BIT account. In the same way, you can withdraw the USD balance of your BIT account by wire transfer. BIT will transfer USD to your bank account through the cooperative bank wire transfer to realize the withdrawal of USD.

Circle Internet Financial (Circle) is a global financial technology company that enables businesses of all sizes to leverage cryptocurrency and blockchain technology for payment, commerce and financial applications around the world. Circle is also the issuer of the world's leading USD stable coin - USDC. At present, BIT has officially reached a cooperation with Circle. By using the Circle wire transfer function, BIT users can easily recharge USD (USDC) to their accounts with fiat currency, and trade dozens of cryptocurrencies and derivatives. Read more about Leveraging the strengths of the world's largest asset manager - Circle

Who can use Circle bank wire transfer?

First of all, you need to complete at least basic identity verification. We recommend that you complete advanced identity verification to increase the transfer limit and reduce the further review of your transactions by our partners.

Note: Wire transfer powered by Circle is not currently supported for users in mainland China, the United States, Russia, and other regions. Check out the complete list of countries and regions that BIT does not currently support.

Second, for USD wire transfers powered by Circle , you need to have a bank account that supports USD. Bind the bank account on the deposit and withdrawal page of BIT and submit relevant information. After the approval, you can use the wire transfer deposit/withdrawal service.