Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is currently down for maintenance. The outage comes just days after the exchange suffered a major hack that saw $40 million in Bitcoin stolen from its hot wallets.
While it’s not yet clear how long the current maintenance will last, Binance has said that it could take up to a week to fully restore all services. In the meantime, trading on the exchange has been halted and all withdrawals are suspended.
This is not the first time that Binance has been down for extended periods of maintenance. In January 2018, the exchange was offline for more than a week due to “system upgrades”.
NOTE: WARNING: Binance maintenance periods can be unpredictable and may last anywhere from a few minutes to several hours, depending on the type of maintenance being done. Do not attempt to access Binance during these times as your account may be compromised or deleted due to security protocols. If you must access Binance during maintenance, please contact customer service to ensure that your account is safe and secure.
And in July 2019, it took Binance nearly two weeks to fully recover from a “system upgrade” that was initially only supposed to take a few hours.
The current downtime comes as a major blow to the crypto industry, which is already facing intense scrutiny from regulators around the world. The hack also raises serious questions about the security of centralized exchanges, which have become increasingly popular in recent years.
It remains to be seen how long Binance will be down for this time around, but one thing is certain: this latest incident is sure to give pause to those who have been advocating for greater adoption of cryptocurrencies.
Update: Binance has now stated that the “extended maintenance” could last up to two weeks.
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Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is currently down for maintenance. The exchange announced the temporary suspension of withdrawals and trading at 03:00 UTC on Tuesday morning. The shutdown is slated to last for two hours, although it could be extended if necessary.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is currently undertaking scheduled maintenance on its withdrawal system. The last time the exchange underwent similar maintenance was in mid-2017. At the time of writing, the Binance website shows a message that reads “Withdrawals are temporarily suspended for maintenance.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is currently down for maintenance. The exchange first announced the start of its scheduled maintenance break at 12:00 UTC on Tuesday, May 7th. The team has not given a specific time frame for when the exchange will come back online, but they have said that it will be “a few hours”.
Binance, one of the world’s largest cryptocurrency exchanges, is currently in the midst of a scheduled maintenance period that began on May 7. The company has said that the downtime will last for about 12 hours, during which time users will not be able to access the trading platform or their wallets. This is not the first time that Binance has needed to take its platform offline for maintenance.
Binance US, the American arm of the world’s largest cryptocurrency exchange, is scheduled to undergo maintenance on Tuesday, May 19. The downtime is expected to last for 12 hours, from 2 AM to 2 PM ET (11 PM to 11 AM PT on Monday night). During the maintenance period, Binance US users will not be able to access their accounts or trade digital assets.
Binance is a cryptocurrency exchange that launched in 2017. Since then, it has become one of the most popular exchanges in the world. Binance is known for its low fees, fast transactions, and wide variety of coins.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. Binance was founded in 2017 and is headquartered in Malta. Binance has a wide range of services including a spot exchange, margin trading, derivatives, and staking.
It can take up to a week to get your account verified with Binance. The process is simple and straightforward, but there are a few things you need to do before you can start trading. First, you need to create an account on Binance.com.
Binance is one of the most popular cryptocurrency exchanges in the world, and it’s not hard to see why. The exchange offers a great selection of coins, low trading fees, and a user-friendly interface. One thing that can be confusing for new users is the verification process.
Binance withdrawals can take anywhere from a few minutes to a few hours. The amount of time it takes for your withdrawal to be processed depends on the cryptocurrency you are withdrawing, the amount you are withdrawing, and the current network conditions. If you are withdrawing a small amount of cryptocurrency, your withdrawal should be processed relatively quickly.
