Post
Topic
Board Trading Discussion
Re: No withdrawal on Binance! Is Binance new HitBTC?
by
btcholder
on 25/07/2019, 12:57:26 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!


I use binance also but i didn't see that happen to me although i didn't transaction a lot of money. After binance hacked they have to right increase there security system. But i think you'll pass your problem soon because you are not a new user or this is the first time you transfer huge amount money. Binance is really trust able exchange just hang on some time you'll get your money mate.