What the heck is going on with Binance?

By LeftFooted | bitcoinea | 23 Aug 2023

I don't particularly like Binance, but it has some useful features, chief among which is the fact that it makes it easy to convert different funds from different blockchains and/or use transact using their debit card.

However, I also have to say I've had constant issue with Binance. There's always something that doesn't work.

The latest issue is an error message that I receive every time I try to withdraw funds.

The message reads: "As your deposit has not reached the required block confirmations, we have temporarily locked XY BTC."

And the withdrawal request doesn't go through.

I'm not sure where this is coming from. It's a new message I never got before. I've noticed that Binance has fiddled with limits, so perhaps I'm getting that message because the funds I'm trying to withdraw aren't enough.

But it doesn't matter, why would I go along with that? Why would that be okay?

The way I see it, I don't mind fees, but the biggest, most important thing I'm looking for from an exchange is the ability to always, always have access to my funds immediately.

Low fees and limits is bad, high fees and zero limits is better.

But nothing is worse than not being able to gain access to your funds, whatever the reason might be.

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I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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