Kavya

Is it true Binance can shut down account even if there are huge money .

Is it true Binance can shut down account even if there are huge money .

Hi , I am recently come to know one real incident about Binance who has frozen one of the account where money is deposited by sender in the amount of 11750 USD . I don't know about this news about true or false but there are some screenshot taken by user and posted somewhere in social media . 

 

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This is sad if this kind of activity getting done by such big crypto exchange . One other user also wrote that 

Depending on the specific regional jurisdiction governing your account, Coinbase may classify your account as "dormant" if you have not initiated a transaction (buys, sells, deposits, or withdrawals) for 3 consecutive years.

Coinbase can keep your asset account as dormant if you not active from past Three years . if these statement are true then the trust and faith on crypto exchange is completely gone and i rethink about storing my crypto online on such big exchange . 

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Kavi
Kavi

Chief mentor of 'skill2up.in' and blogging is my passion.


Kavya
Kavya

Hello everyone i am kavya and i love to travel and writing essay, reports and blog.

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