Azerbaijan’s leading fintech platform m10 has partnered with the world’s largest cryptocurrency exchange Binance to introduce the first-ever unmediated crypto-fiat transactions in Azerbaijani manat in the country.
Users can deposit and withdraw funds in manat directly from their m10 accounts to their Binance accounts — completely transparent, secure, and without intermediaries.
Security – at the highest level
As the first fintech platform to be tested in the special regulatory regime (sandbox) of the Central Bank of Azerbaijan (CBA), this service has both official status and high security standards. All transactions are carried out over the bank’s infrastructure.
The first phase of the m10 and Binance integration has successfully passed the CBA’s sandbox regime, completed a 6-month testing period, and has moved on to the second phase for another 6 months.
Terms of Operation
Currency: Azerbaijani Manat (AZN)
Balance Top-up Fee: 1%
Withdrawal Fee: 1.5%
*Transaction Limit: Up to USD 20,000
*Note: The monthly transaction limit of up to USD 20,000 is based on the relevant regulations of the Central Bank of Azerbaijan. The service is available only to Azerbaijani citizens and completion of the KYC (know your customer) procedure is mandatory.
A new stage in Azerbaijani crypto transactions
This partnership is an important step in the development of the crypto ecosystem in the country, providing users with convenience, legal compliance and financial transparency.
How to get started?
Log in to the Binance app or official website and register.
Top up your balance via your m10 account by selecting AZN → m10 in the Deposit section.
Withdraw funds by specifying your m10 account in the Withdraw section.
About m10
m10 is a digital wallet developed by PashaPay, one of the leading fintech companies in Azerbaijan, and is a fintech solution of the Bir ecosystem. Launched in 2022, m10 aims to simplify financial transactions for individuals and businesses, ensure safe and convenient management of funds and payment processing.
For more information: https://m10.az
