If you’ve been trying to withdrawal from Binance and it says your withdrawal is “Suspended”, don’t worry, you’re not alone. Many users have been reporting the same issue.
The good news is that it looks like Binance is aware of the problem and is working on a fix. In the meantime, there are a few things you can do to try and resolve the issue.
First, make sure you’re using the correct address for your withdrawal. Binance only supports withdrawals to addresses that have been previously used for deposits.
If you’re trying to withdrawal to a new address, it’s likely that’s why your withdrawal is suspended.
NOTE: WARNING: Binance withdrawals may be temporarily suspended due to a variety of reasons, including but not limited to: suspicious activity, inadequate personal information verification, and suspected violations of Binance’s Terms of Service. If you believe your withdrawal has been suspended for any reason, contact Binance support immediately for further assistance.
Second, check to see if there are any pending deposits to your account. If there are, those need to be processed before you can make a withdrawal.
Finally, if neither of those solutions work, you can try contacting Binance support. They may be able to help you figure out what’s going on and get your withdrawal processed.
So why is your Binance withdrawal suspended? Most likely it’s because you’re using a new address or there are pending deposits to your account. But don’t worry, Binance is aware of the problem and is working on a fix.
In the meantime, you can try one of the solutions above to see if it resolves the issue.
10 Related Question Answers Found
Binance, the world’s largest cryptocurrency exchange by trading volume, has suspended withdrawals of cryptocurrencies. The move comes after the exchange experienced a “large scale security breach” in which hackers stole 7,000 bitcoin (worth $40 million at the time). In a statement, Binance said it had discovered the hack on Tuesday and that the hackers had used a variety of techniques, including phishing, viruses and other attacks.
Binance, the world’s largest cryptocurrency exchange by trading volume, has suspended withdrawals of Bitcoin and Ethereum due to “irregularities” with its hot wallet. The announcement was made via the exchange’s official Twitter account on Wednesday, February 7.
“Binance has discovered irregularities with its hot wallet cluster and has taken action to suspend withdrawals while we investigate,” the tweet reads. “We are working to determine the root cause and will fully resume withdrawals once the issue is resolved.”
The news comes just days after Binance paused trading on its platform for two hours due to “server maintenance.” The exchange later said that the maintenance was “unrelated” to the issues with its hot wallet. At the time of writing, Binance has not provided any further details about the irregularity or when withdrawals will be resumed.
If you’ve been trying to withdraw your money from Binance and it says your withdrawal is “Suspended”, don’t panic! There are a few reasons why this could be happening, and we’ll go over them all here. The most common reason for a suspended withdrawal is that your account needs to be verified.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has suspended withdrawals of Bitcoin and Ethereum due to “irregular” activity. The exchange said it would investigate all affected accounts and make a decision on whether or not to allow withdrawals after the investigation is complete. The news comes as a surprise to many, as Binance is usually very fast and efficient when it comes to processing withdrawals.
If you are a Binance user, you may have noticed that your account has been suspended. This can be a frustrating experience, especially if you are not sure why it happened. There are a few possible reasons for why your Binance account may have been suspended.
Binance, the world’s largest cryptocurrency exchange by trading volume, has suspended withdrawals amid “irregular” Bitcoin (BTC) transactions. The Malta-based company announced the move in a blog post on Feb. 8, saying it had “identified irregular trades” and was investigating the matter.
“To protect user funds, we have temporarily suspended withdrawals,” the company said. Binance did not elaborate on what it considered to be “irregular” trades, but said it would provide updates “as soon as possible.”
The move comes just days after Binance suffered a major hack that saw 7,000 BTC (worth around $40 million at the time) stolen from the exchange.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has suspended withdrawals indefinitely. The move comes after a “large scale security breach” that resulted in the loss of 7,000 BTC (about $40 million at current prices). Binance says it will use its “Secure Asset Fund for Users” (SAFU) to cover the lost funds.
If you are a Binance user, you may have noticed that your account has been banned. This is because Binance has recently implemented a new policy that bans accounts that are inactive for more than two years. While this may seem like a harsh policy, it is actually in line with other exchanges who have similar policies.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has suspended withdrawals of the virtual currency. The move comes after a hack that saw $40 million in Bitcoin stolen from the exchange. In a statement released on Tuesday, the company said it had “detected unusual activity on [its] network” on Monday and had “immediately initiated a thorough security review.” As part of that review, Binance has suspended all withdrawals “until further notice.”
The hack is a major setback for Binance, which has grown rapidly in recent months to become one of the most popular cryptocurrency exchanges.
There are a few reasons why your Binance withdrawal may be failing. The most common reason is that the withdrawal address is incorrect. Make sure that you are entering the correct address for your withdrawal.
