Binance is a centralized cryptocurrency exchange located in China. Founded in 2017, it has become one of the most popular exchanges in the world.
Binance offers a wide range of features, including a margin trading platform, a mobile app, and a wide variety of coins to trade.
It is important to note that Binance is not subject to Chinese regulations, as it is based in Malta. This makes it a popular choice for those looking to trade cryptocurrencies outside of China.
Withdrawals from Binance can take up to three days to process. This is due to the fact that Binance processes all withdrawals manually.
This is done in order to ensure the security of user funds.
While three days may seem like a long time, it is actually quite fast when compared to other exchanges. For example, Kraken, another popular exchange, can take up to five days to process withdrawals.
So, if you are looking for a fast and reliable way to withdraw your funds from Binance, you may have to wait a few days. However, this wait is worth it when you consider the safety and security of your funds.