Post
Topic
Board Trading Discussion
Re: No withdrawal on Binance! Is Binance new HitBTC?
by
jrrsparkles
on 23/07/2019, 17:20:57 UTC
Hello!

Recently I was trying to withdraw from my Binance account, but the exchange denied...

The exchange demands new verification(video-verification) . Though I use the same browser as well as a withdrawal
address. Also I didn’t change my password.

It is not a big amount of cryptocurrency, there’s no need in new documents with a sum under 2BTC.
Besides, I checked limit facility raise to 100BTC last year and I passed.

I logged in few months later after level2 verification and a deposit BTC and I saw my limit for withdrawal was cut from 100 BTC to 0
and it demands one more check, requires more documents.

It seems that Binance wants to follow in the footsteps of HitBTC and selectively closes withdrawal with more
information requests.
For instance, in the spring HitBTC blocked withdrawal of developer Luke Dash Jr. ( https://twitter.com/lukedashjr/status/1111219680985919488 )
and crypto-blogger Crypto Monk and other users: https://www.ccn.com/hitbtc-users-shout-fraud-kyc/
Binance tries not to choose well-known people for withdrawal blocking. For now.

Your currency on Binance are not your currency.

If anyone knows a better way to spotlight the situation – you are welcome!



If you are trading after very long time are just used VPN while log into your balance account you faced this situation.

But you cannot consider this as a scam because they even hack recently about 40 million dollar but they refund every amount last from the traders so it's just security measure to save your account from hacks so just simply pass the video verification and your account will be safe.