FAQs
A temporary block on bitcoin withdrawals was lifted after Binance increased fees for pending transactions so that they would get picked up by miners. Binance, the world's largest crypto exchange, has resumed bitcoin withdrawals after halting in twice in less than 12 hours amid a “large volume of pending transactions”.
Why is Binance not allowing me to withdraw? ›
Occasionally, we may need to lock your account if you have made recent changes to it. For example, if you have reached out to our team to reset your two-factor authentication, or you have changed your password, we will temporarily disable your ability to withdraw.
Does Binance block withdrawals? ›
Binance restricts withdrawals for various reasons, including abnormal user profiles, transaction patterns, operating behavior, devices, or environmental factors. For example, Binance may temporarily disable your account's withdrawals if you repeatedly send funds to a blacklisted address.
Did Binance halt BTC withdrawals? ›
Binance halts BTC withdrawals, CZ says funds are Secured Asset Fund for Users. Binance, one of the world's premier cryptocurrency exchanges, paused its Bitcoin withdrawals this Monday because of a 'stuck on-chain transaction'.
Why did Binance suspend withdrawals? ›
Binance is temporarily suspending withdrawals on the *SOL* network, effective since March 4, 2024. The interruption is attributed to the heightened transaction volume experienced on the network, prompting Binance to take necessary measures.
How do I unblock a Binance withdrawal? ›
If you cannot pass the verification, go to the Withdraw Crypto page and click [Withdraw appeal] on the alert, then submit the required documents. Alternatively, go to [Wallets] on the Binance app and tap [Spot] - [Withdraw]. You'll see a pop-up window. Tap [Appeal] and follow the instructions.
Is Binance in trouble? ›
Binance Holdings Limited (Binance), the entity that operates the world's largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department's investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money ...
Why did Binance temporarily lock my BTC? ›
This can happen for various reasons, such as security concerns, technical issues, or violations of Binance's terms of use. To resolve this issue, you can take the following steps: 1. Check your email: Binance may have sent you an email explaining why your account was locked and what steps you need to take to unlock it.
Is it safe to leave BTC on Binance? ›
Binance is one of the safer exchanges compared to others. So if you're actively trading crypto and need to keep it on an exchange, Binance is a pretty secure choice. However, if you're holding large amounts of crypto long term, a private hardware wallet may be a better choice than keeping it on an exchange.
Can US customers still withdraw from Binance? ›
There will be no option for cashing out in US currency. To withdraw dollars, users must first convert their funds to another digital asset or stablecoin.
Use the supplied TxID to verify that your funds have been received by checking with the receiving exchange or wallet. Verify that the network you are using and the particular token you are withdrawing are supported by the receiving platform or wallet. To avoid possible asset loss, compatibility must be confirmed.
Why did Binance lock my funds? ›
If our system detects that your account may have been compromised, we will temporarily lock your account to ensure the safety of your funds.
How long do I have to wait to withdraw from Binance? ›
In terms of withdrawal time, it can vary depending on the cryptocurrency and the network congestion. However, Binance typically processes withdrawals within 30 minutes. If you've made a withdrawal and the status is still marked as "Pending," it's best to contact Binance customer support for assistance.
Has Binance frozen withdrawals? ›
Oct 17 (Reuters) - The U.S. unit of cryptocurrency exchange Binance has halted withdrawal of dollars by its clients from the platform, its updated terms showed on Monday. In early June, Binance.US had halted dollar deposits, after the U.S. Securities and Exchange Commission (SEC) asked a court to freeze its assets.