Amid the market crash situation, the Binance exchange suspended Bitcoin withdrawals to save Binance users from any kind of technical issues.
Binance is a first-ranked crypto exchange and this exchange is known to provide highly secured crypto services for every type of user. Since the last year, Exchange is working to secure crypto licenses globally. In near future, Binance is considering becoming a public crypto exchange but it will be a matter of time also because the current situation is not good for this exchange because of huge legal hurdles.
On 13 June, the Binance exchange decided to suspend the Bitcoin withdrawal from the exchange. Binance CEO Changpeng Zhao explained that decision has been taken to keep the users away from any kind of significant delay in Bitcoin transactions.
Binance CEO confirmed that users are still free to withdraw Bitcoin on third-party blockchain Networks like Bep20 and Ethereum (ERC-20).
Temporary pause of $BTC withdrawals on #Binance due to a stuck transaction causing a backlog. Should be fixed in ~30 minutes. Will update.
Funds are SAFU.
— CZ
Binance (@cz_binance) June 13, 2022
Binance (@cz_binance)
At the time of publication of this article, the issue has been fixed. But at the time of writing this article, Bitcoin withdrawal was only allowed to the Bep20 & ERC-20 network.
Probably the situation arose because the on-chain Bitcoin amount was very low on the exchange to keep the majority of the funds under the safe zone under any kind of suspicious activity.
Binance exchange under SEC Investigation
In the first week of this month, reportedly US Securities and Exchange Commission (SEC) was doing an investigation against the Binance exchange for its possible violation of the securities law.
According to reports, Binance failed to register with the SEC agency for its Binance coin ICOs in 2017.
Besides these things, Reuters reported that Binance facilitated a huge amount of illegal funds but the Binance exchange responded to such allegations and confirmed that it was all about the failure to keep the illicit activities away from the exchange. According to Binance, around 0.15% of crypto transactions were associated with illicit activities and there was no support by the Binance exchange for the same.
Read also: Do Kwon responded against new allegations regarding Terra collapse
Binance Suspends Bitcoin network transactions : Now fixed
https://bitcoinik.com/binance-suspends-bitcoin-network-transactions-now-fixed/feed/
https://bitcoinik.com/binance-suspends-bitcoin-network-transactions-now-fixed/feed/
Buy bitcoin and other cryptocurrencies on crypto exchanges: Binance Coinbase Kraken Bitfinex
EXPLOSIVE LTD is an investment company specializing in financial market trading. Our preferred market is commodities: EXPLOSIVE LTD have developed accurate expertise in trading gold, silver, crude oil, natural gas.
🔥 Explosive-X
Signup link: https://explosive-x.io/?ref=devplus
Started: 01/06/2022
💰 Investment Plans: 4% daily for 25 days (principal return end of the cycle)
Cancel Deposit after 24 hours with a 15% fee
Withdrawal: Manual (Max 12 hours)
📥 Minimal deposit: $10 – Maximum deposit: $50.000
📥 Minimal withdraw: PM $1 , BTC $10 ,LTC $5 ,ETH $20
XRP $5 ,DOGE $5 ,USDT ERC20 $20 ,TRX $5 ,XLM $5
USDT (TRC20 BEP20) $5 , USDT TRC20 5$ , BNB $5 ,BCH $5
🤝 Referral program: 6% – 2%
Career Bonus:
$1000 Direct active referrals: $40 Bonus
$2500 Direct active referrals: $100 Bonus
$5000 Direct active referrals: $250 Bonus
$15,000 Direct active referrals: $600 Bonus
$50000 Direct active referrals: $2500 Bonus
Sign Up : https://explosive-x.io/?ref=devplus
—————————————————————————————————————-
BN Trust
📣24 hours trading, every two hours, you can earn more than 5% profit per day
Invest $100 (30 days) and get $432
Invest $300 (30 days) and get $1297
Invest $500 (30 days) and get $2161
Invest $1000 (30 days), get $4320
Invest $5,000 (30 days) and get $21,610
Invest $10,000 (30 days) and get $43,200
💵Minimum deposit amount is $20.
The minimum withdrawal amount is $10.
Cash out anytime!
The higher the capital, the more you earn
🎁 100% SAFE 😎
🖇Operation registration link https://www.bn-trust.com/#/register?sharecode=kBrco2
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
