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 has not given a specific reason for the maintenance, but it says that it is “upgrading the system.”
This is not the first time that Binance has gone offline for scheduled maintenance. In January 2018, the exchange was down for 12 hours due to “system upgrades.
” And in July 2018, it was offline for an hour due to “unscheduled server maintenance.”.
NOTE: WARNING: Binance is currently undergoing maintenance and the duration of this maintenance period is unknown. Please be aware that your funds may be at risk during this time and you should not attempt to access any of your accounts until the maintenance has been completed.
While Binance is one of the most popular cryptocurrency exchanges, it is not the only one that has gone offline for scheduled maintenance. In the past, Coinbase and Bitfinex have also experienced extended downtime due to upgrades or other technical issues.
The current downtime comes at a time when the cryptocurrency markets are seeing some volatility. Bitcoin, the world’s largest cryptocurrency by market capitalization, fell below $7,000 on Monday evening and is currently trading at $6,965.
Ethereum, the second-largest cryptocurrency by market cap, is down 2% over the past 24 hours and is currently trading at $175.
Binance is currently under maintenance and withdrawals and trading have been suspended. The exchange says that it is “upgrading the system” but has not given a specific reason for the downtime.
This is not the first time that Binance has gone offline for scheduled maintenance; in January 2018, the exchange was down for 12 hours due to “system upgrades” and in July 2018, it was offline for an hour due to “unscheduled server maintenance.” The current downtime comes at a time when cryptocurrency markets are seeing some volatility; bitcoin fell below $7,000 earlier today and ethereum is down 2% over the past 24 hours.
6 Related Question Answers Found
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 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 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.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been “partially” suspended for nearly a week now. The outage began on February 8, when the exchange announced that it was “upgrading the system” and would be “unable to process withdrawals or deposits for a period of time.”
Since then, the exchange has been inaccessible to users, with no clear indication of when it will be back up and running. This has caused a great deal of frustration among users, particularly those who are unable to access their funds.
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.
It can take up to two weeks for Binance US to verify your account. This process includes an initial review of your submitted KYC information, followed by an in-depth review of your identity documents. If everything is in order, you should receive an email notification within two weeks letting you know that your account has been verified.
