Binance is one of the most popular cryptocurrency exchanges in the world. They offer a wide variety of coins and tokens to trade, as well as a robust platform.
However, one thing that has caused some confusion among users is why Binance holds funds for 10 days.
Binance is currently holding all funds for 10 days before releasing them to the user. This is due to the recent changes in the platform’s security policies and regulations. As such, users should be aware that there may be a delay of up to 10 days before their funds are released. Furthermore, users should also note that this policy is subject to change without notice and may increase or decrease as Binance deems necessary.
The main reason why Binance holds funds for 10 days is due to security. By holding the funds in a centralized location, they can better protect them from hacks and other malicious activity.
Additionally, this allows them to track any suspicious activity and prevent any attempted theft.
While some users may not like the idea of their funds being locked up, it is a necessary precaution that helps to keep everyone safe. Overall, the security benefits outweigh any negatives and Binance remains one of the best exchanges to use.
8 Related Question Answers Found
Binance is a cryptocurrency exchange that was founded in 2017. The company is based in Malta and has offices in Hong Kong, Japan, and South Korea. Binance is the world’s largest cryptocurrency exchange with a daily trading volume of more than $2 billion.
If you’ve ever tried to buy a cryptocurrency on Binance and gotten the message “Insufficient Funds,” you’re not alone. It’s a common error, and there are a few different reasons why it might happen. The first reason is the most obvious: you simply don’t have enough of the currency in your account to make the purchase.
Binance, one of the world’s largest cryptocurrency exchanges, charges a lot for withdrawal. The reason for this is because they want to make a profit and they need to cover their costs. Withdrawal fees on Binance are 0.1% of the total withdrawal amount or 10 USD, whichever is greater.
It seems that every time I want to withdraw my money from Binance, it takes forever. Why is this? There are a few reasons why Binance might take a while to process your withdrawal.
As of this morning, Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is suspended. The cause of the suspension is currently unknown, though there are a few theories floating around. One theory is that the suspension is due to a scheduled system upgrade that was not communicated properly to users.
Binance is a cryptocurrency exchange that was founded in 2017. The company is based in Malta and has offices in Hong Kong, Japan, and the United States. Binance is the largest cryptocurrency exchange in the world with a daily trading volume of over $1 billion.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is getting banned in China. The reason for the ban is still unknown, but it comes as the country’s central bank is cracking down on the cryptocurrency industry. The news of the ban was first reported by Bloomberg, who cited sources close to the matter.
It’s been a little over two weeks since Binance US first opened up account registration on its platform, and users are still waiting for their accounts to be verified. So, why does it take so long to verify a Binance US account? There are a few reasons why verification might take longer than usual on Binance US.