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 didnt change my password.
It is not a big amount of cryptocurrency, theres 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!
This is the problem and disadvantage in using centralized exchange like binance. Which is they can block your withdrawal just like what happen to you in binance, and if you didn't upgrade your limit into level they will also block your account where you can't able to log in anymore. But Binance was far more beyond Hitbtc they are not the same in the first place.