Binance, Exchanges

Why Is My Withdrawal Suspended on Binance?

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 has strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies in place, and part of that is making sure that all users are properly verified.

If you haven’t submitted your KYC documents yet, that’s probably why your withdrawal is suspended.

Another possibility is that you’re trying to withdraw more money than you have available in your account. This can happen if you’ve made a large trade and the funds haven’t settled yet.

NOTE: WARNING: If your withdrawal request on Binance is suspended, it may be due to a security issue. You should contact Binance Support immediately to investigate the issue and help protect your account and funds. Do not attempt to access or withdraw from your account until the issue has been resolved.

In this case, you’ll just need to wait until your trade is complete and the funds have settled before you can withdraw them.

If neither of these scenarios applies to you, then there may be an issue with the cryptocurrency you’re trying to withdraw. Binance lists hundreds of different coins and tokens, and they can’t all be sent out through the same withdrawal process.

Sometimes there are issues with specific coins that can cause withdrawals to be suspended. In this case, you’ll need to reach out to Binance customer support for help.

Whatever the reason for your suspended withdrawal, don’t worry! It’s usually a pretty easy fix. Just make sure you’re verified, check that your trade has settled, or reach out to customer support if you need help with a specific coin.

3 Related Question Answers Found

Why Has Binance Suspended Withdrawals?

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.

Why Is My Binance Account Suspended?

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.

Why Does My Binance Withdrawal Keep Failing?

There are a few reasons why your Binance withdrawal may keep failing. The most common reason is that the withdrawal address is incorrect. Make sure that you are entering the correct withdrawal address for the asset you are trying to withdraw.
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