FAQs
Users cannot withdraw USD without first converting it to stablecoins or another digital asset. Binance US notified users of the update via email and provided detailed instructions.
Why am I not able to withdraw money from Binance? ›
Occasionally, we may need to lock your account if you have made recent changes to it. For example, if you have reached out to our team to reset your two-factor authentication, or you have changed your password, we will temporarily disable your ability to withdraw.
Why is Binance suspending withdrawals? ›
Binance suspends its withdrawals when the wallets undergo periodical maintenance. In some cases,a database glitch or another error relating to the exchange may cause some withdrawal problems. This might then have the knock-on effect of withdrawals being suspended as these are fixed.
How to withdraw USD from Binance 2024? ›
How to Withdraw from Binance.US
- Go to 'Wallet' and tap 'Withdraw'.
- Choose 'USD US Dollar' from the withdrawal options.
- Select your ACH account, enter the amount, and preview the transaction.
- Verify the details and confirm the withdrawal.
- Enter any required Authentication Codes.
The Securities and Exchange Commission hit Binance with a massive lawsuit in June of this year, and not long after, the U.S. arm of the leading crypto exchange “imploded,” according to new court documents filed on Tuesday.
Is Binance restricting withdrawals? ›
Cool-down periods. Binance restricts withdrawals for various reasons, including abnormal user profiles, transaction patterns, operating behavior, devices, or environmental factors.
How to withdraw US dollars from Binance? ›
Binance.US users can no longer withdraw dollars directly from the platform after the exchange updated its terms of use on Monday.
Has Binance frozen withdrawals? ›
Oct 17 (Reuters) - The U.S. unit of cryptocurrency exchange Binance has halted withdrawal of dollars by its clients from the platform, its updated terms showed on Monday. In early June, Binance.US had halted dollar deposits, after the U.S. Securities and Exchange Commission (SEC) asked a court to freeze its assets.
Why did Binance freeze my funds? ›
Frozen funds typically mean access to such funds has been restricted or temporarily halted. Several factors, such as technological errors, security precautions, disagreements, investigations and regulatory compliance, can lead to such circ*mstances.
Can I keep USD in Binance? ›
Binance.US has suspended U.S. dollar deposits. Binance. US's banking partners have also indicated they will stop processing withdrawals on behalf of the exchange as early as June 13. Customers who are unable to make a U.S. dollar withdrawal before Binance.
Bank transfer (ACH) is a popular and easy payment method for US-based users of Binance to deposit funds into their accounts. Currently, Binance customers can deposit (and withdraw) up to $5,000 each day without any fees.
What is the best crypto exchange in the US? ›
Best Crypto Exchanges and Apps of April 2024
- Best for Low Fees and Best for Experienced Traders: Kraken.
- Best for Beginners: Coinbase.
- Best Mobile App: Crypto.com.
- Best For Security: Gemini.
- Best for Altcoins: BitMart.
- Best for Bitcoin: Cash App.
- Best Decentralized Exchange: Bisq.
Users cannot withdraw USD without first converting it to stablecoins or another digital asset. Binance US notified users of the update via email and provided detailed instructions.
What is going on with Binance US? ›
The Securities and Exchange Commission's (SEC) effort last year to freeze Binance.US' operations via a Temporary Restraining Order (TRO) led to mass layoffs at the company as revenue imploded and it struggled with market trust, one of its executives said during a court deposition.
How can I get my money out of Binance? ›
How to Withdraw Fiat Currency from Binance
- Log in to Binance: Access your Binance account.
- Go to Wallet: From the menu, select “Wallet.”
- Click on “Withdraw”: Select “Withdraw” from the menu.
- Select “Withdraw Fiat”: Choose “Withdraw Fiat” at this step.
If you cannot pass the verification, go to the Withdraw Crypto page and click [Withdraw appeal] on the alert, then submit the required documents. Alternatively, go to [Wallets] on the Binance app and tap [Spot] - [Withdraw]. You'll see a pop-up window. Tap [Appeal] and follow the instructions.
Why does Binance locked funds? ›
Binance accounts can be frozen for various reasons, including security concerns, violation of terms and conditions, or legal issues.
