Binance blocks user accounts! | Bitcointalksearch.org

magneto

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Quote from: viudez on April 10, 2021, 07:29:54 AM

Hello guys

When I wanted to withdraw about $8000 today from my binance account, which has been approved since 2017, the system warned me as,
"Withdrawals have been temporarily disabled due to risk control."
In the decentralized blockchain system, the Binance exchange disabled the account randomly and for no reason, it once again demonstrated the necessity of trading on decentralized exchanges in Blockhain technology. Now "open ticket, wait for an answer" for no reason, whenever they answer anymore.

I think that everyone expected this to happen, sooner or later.

There was no way that Binance would allow users to withdraw up to 2BTC per day without verification and limits. They're likely feeling even more pressure from regulators to be much stricter with their KYC-AML with prices going up to historical levels.

Expect even stricter rules to come our way. It is very likely that Binance will follow in the footsteps of Bittrex/Poloniex which both got rid of anonymous accounts.

Have you contacted their support? What did they say? Is it a temporary restriction or are you required to verify yourself now?

plr

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Quote from: viudez on April 10, 2021, 07:29:54 AM

Hello guys

When I wanted to withdraw about $8000 today from my binance account, which has been approved since 2017, the system warned me as,
"Withdrawals have been temporarily disabled due to risk control."
In the decentralized blockchain system, the Binance exchange disabled the account randomly and for no reason, it once again demonstrated the necessity of trading on decentralized exchanges in Blockhain technology. Now "open ticket, wait for an answer" for no reason, whenever they answer anymore.

For an account which was approved since 2017 and an $8k amount, there should be something that sounds like a warning sign on your account and the suspension is to check if the account has no intrusion if you are the only one having this issue, the account is in question, you should wait for the response Binance has a very good support system, this is not the first time it happen, many accounts have gone through restrictions also for a reason.

Findingnemo

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Quote from: noorman0 on April 11, 2021, 01:28:07 AM

Quote from: Findingnemo on April 10, 2021, 01:22:23 PM

Binance DEX is not actually a decentralized exchange, its almost a centralized exchange with increased fee structure that is why the trading volume on that DEX never reached a shit CEX trading volume. So you have to wait for the response after creating the ticket because had chosen wrong DEX for trading.

I think the OP has used one of the binance cex, as the description is that the account was approved in 2017, binance dex was launched in 2019.
Apart from reasons of restricted countries, Binance can also block accounts that are suspected of committing fraud in their rewards program and launchpad.

Ohh no, I didn't see that years I just concentrated on the term decentralized blockchain that is why I thought he is talking about their DEX.

So @OP even though you are trading a crypto which is running on a decentralized blockchain the binance like exchanges are centralized and owned by someone so they have the rights to choose their terms and conditions.

Husires

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All decentralized platforms fail in two problems, one of which is liquidity and the second is scalability. When the number of transactions increases, fees start to rise and delay times increase.
Central platforms solve this problem but need trust.

noorman0

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Quote from: Findingnemo on April 10, 2021, 01:22:23 PM

Binance DEX is not actually a decentralized exchange, its almost a centralized exchange with increased fee structure that is why the trading volume on that DEX never reached a shit CEX trading volume. So you have to wait for the response after creating the ticket because had chosen wrong DEX for trading.

I think the OP has used one of the binance cex, as the description is that the account was approved in 2017, binance dex was launched in 2019.
Apart from reasons of restricted countries, Binance can also block accounts that are suspected of committing fraud in their rewards program and launchpad.

dkbit98

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Binance is centralized exchange and you can always expect something like this to happen for various reasons, they can call is security check or whatever.
Best decentralized exchanges are far from perfect but something like Bisq is much safer than Binance and you don't have to send them any kyc.

Quote from: francois-cooper on April 10, 2021, 03:25:30 PM

what's the maximum amount of USD we can withraw per dayon Binance ?

For unverified Binance accounts maximum withdrawal is 2 Bitcoins per 24 hours, and it is higher if you pass kyc verification.

francois-cooper

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what's the maximum amount of USD we can withraw per dayon Binance ?

batang_bitcoin

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This is like that I've seen that system error for more than twice posted in other forums. And it's related to KYC or just another verification that has to be made by the user.

Quote from: Jawhead999 on April 10, 2021, 08:13:17 AM

Probably you will get a same answer if you contact the Binance support to solve this problem, they will ask your KYC to confirm if you're not breaking their TOS and proofing of your ownership, this is not something new if an exchange ask KYC whenever you want to withdraw large amount money.

Quote

As per checked, we found that the withdraw function was suspended due to the withdrawal risk control.

Please provide us with the following information for the account verification and we are going to help you through the ticket.
1. Device information (at minimum operating system version, brand, model, and browser name/version) regarding at least one device that is commonly used on the account.)

2. Please record a video, including the following information:
- Withdrawal records：Please login to your account and show the withdrawal records in your account.
- Communication records：Please show in the video the emails between you and Binance CS via this email.
- You also need to appear in the video and hold the information page of your ID document, and repeat clearly the following sentence : "Today is the year/month/day, my account is applying for withdrawal of XXX coins with XXX amount. I confirm that it is my own operation. I am contacting Binance CS to resume the withdrawal function of my Binance account ****** "

3. Please take a video of any deposit record of this account within 6 months. The video should contain the whole login process from the sender platform/wallet, and information for this transaction such as the full TxID, date and amount.

*Please do not use any screen recorder to take the video. The video size should not exceed 20 Mb if you wish to submit it as an attachment in the ticket, or you can upload your video to your private confidential drive if it is relatively large and provide us with the available link to verify.

In addition, if you are able to provide the following information at the same time, it will help to confirm your identity and help speed up the review process.
Security questions:
1. Account registration date
2. Account registration IP

Those "another" verification requirement gives pain as its such a lot for the user to comply on. Can't Binance make it easier for the users to avoid that risk control message?

LeGaulois

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Quote from: jackg on April 10, 2021, 07:36:09 AM

- same can be said about bisq when I last used it.

I'm fighting every day with Bisq's software. Rare are the days when everything works fine without any freeze or something similar.
Even I'm using it on a dedicated machine with 6 Gb RAM, I struggle to use it, taking me ~1 hour just to create an order.

Sadly only a few people here use it so hard to discuss it (optimization, etc)

The worst thing is that I have no alternative so I have to keep using it Undecided

Findingnemo

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Quote from: viudez on April 10, 2021, 07:29:54 AM

Hello guys

When I wanted to withdraw about $8000 today from my binance account, which has been approved since 2017, the system warned me as,
"Withdrawals have been temporarily disabled due to risk control."
In the decentralized blockchain system, the Binance exchange disabled the account randomly and for no reason, it once again demonstrated the necessity of trading on decentralized exchanges in Blockhain technology. Now "open ticket, wait for an answer" for no reason, whenever they answer anymore.

Binance DEX is not actually a decentralized exchange, its almost a centralized exchange with increased fee structure that is why the trading volume on that DEX never reached a shit CEX trading volume. So you have to wait for the response after creating the ticket because had chosen wrong DEX for trading.

The Cryptovator

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I can't say there wouldn't be problems, but I am using it for a long time and hadn't faced such as issue from the Binance. Did they mail you anything regarding block your withdrawal? Did you attempt multiple times with the wrong code? This would be the possible reason but not sure if you don't write the exact issue here. And it seems just a temporary issue, Binance shouldn't block an account for $8K only. Just wait for their response since you have created support tickets. No one here could help you except Binance. A few users asked a few queries, it would help to suggest if we know that's answers. But in the end, only Binance would help.

bL4nkcode

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Be specific what binance platform you're using, is it the .com, .US or the .org which is the dex platform. I heard lots of bad experience on .US platform and there's no way we can help you here they have no representative here as well. The only thing you can do is to keep them updated, try and try to message them.

I also read someone on reddit got a problem on .us platform and it take days/weeks I cant remember and s/he decided to take the issue to the court and told binance about it and hours later the problem got resolve.

Jawhead999

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I found an old thread discuss a similar problem Binance tempararly blocked my withdrawal because i changed pc also due to large amount withdrawal too, probably you're using VPN to access Binance don't you?

Probably you will get a same answer if you contact the Binance support to solve this problem, they will ask your KYC to confirm if you're not breaking their TOS and proofing of your ownership, this is not something new if an exchange ask KYC whenever you want to withdraw large amount money.

Quote

As per checked, we found that the withdraw function was suspended due to the withdrawal risk control.

Please provide us with the following information for the account verification and we are going to help you through the ticket.
1. Device information (at minimum operating system version, brand, model, and browser name/version) regarding at least one device that is commonly used on the account.)

2. Please record a video, including the following information:
- Withdrawal records：Please login to your account and show the withdrawal records in your account.
- Communication records：Please show in the video the emails between you and Binance CS via this email.
- You also need to appear in the video and hold the information page of your ID document, and repeat clearly the following sentence : "Today is the year/month/day, my account is applying for withdrawal of XXX coins with XXX amount. I confirm that it is my own operation. I am contacting Binance CS to resume the withdrawal function of my Binance account ****** "

3. Please take a video of any deposit record of this account within 6 months. The video should contain the whole login process from the sender platform/wallet, and information for this transaction such as the full TxID, date and amount.

*Please do not use any screen recorder to take the video. The video size should not exceed 20 Mb if you wish to submit it as an attachment in the ticket, or you can upload your video to your private confidential drive if it is relatively large and provide us with the available link to verify.

In addition, if you are able to provide the following information at the same time, it will help to confirm your identity and help speed up the review process.
Security questions:
1. Account registration date
2. Account registration IP

oguzsivri

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I have the same error. Did anyone solve it?

Charles-Tim

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Decentralized exchanges are the best, but centralized exchanges makes trading more flexible, that is why many traders prefer to use it. If you know you are a holder and prefer to trade not often, noncustodial exchanges will be the forgo, but traders that trade often (scalping and day traders) do prefer to make use of custodial exchanges due to low trading fee and more flexible trading.

There should be a reason binance locked your account, this can be due to the coins you made into the exchange that has be used in black market before or in fraud, but not necessarily should be that reason, it can even be as a result of using CoinJoin, maybe you send a coin you Coinjoined into the exchange, this can also be the reason for the account block.

You are not wrong, and totally right, if not your key, then not your bitcoin. You are not he first that this will happen to, there are several cases of even good people that their account are freezed because of CoinJoin transactions linked to the coins sent into the exchange. The coins we have on custodial exchanges can be fully controlled by the exchange authority while bypassing users control, which means we do not have the full control, the custodial exchanges do.

Maslate

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Kindly clarify, are you using Binance DEX or the most popular centralized exchange?

I know that Binance DEX is not really decentralized as there are countries restricted from accessing the site, so one could possibly experience this problem.
Would you mind sharing what do you think the reason why your accont was temporarily suspended?

maybe you just need a bit of time or follow an additional requirement so you can proceed with your withdrawal.

jackg

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https://bit.ly/387FXHi lightning theory

I haven't really found a dex that works well so far. The waves exchange is high in fees (think they were charging 0.003 to withdraw btc). Uniswap causes plugins to crash cross Browser often and just slows things down - same can be said about bisq when I last used it.

I can't say I've had a problem with binance though and $8k is fairly small in btc terms now ~0.15 so they can't be holding that back for the money.

viudez

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