Binance withdrawals limits {0.05 BTC accounts} - page 2.

hugeblack

legendary

Activity: 2702

Merit: 4002

Quote from: Taskford on August 18, 2021, 06:41:25 AM

its hard to provide our details knowing that there are so many Identity stealer so better to wait for the updates on what will happen to your account. Can you please give us an update? since we want to know if that email is true since I'm a regular binance user but I never receive any mail that's why I'm curious to know about the certain limits if we will not conduct the mandatory KYC to their platform.

They seem to be bad at delivering mail when it comes to important alerts but they rank accounts and it seems my account has a bad grade so the procedures were implemented early before they were actually announced to everyone.

Generally, it is better to avoid using this platform with large amounts because they have a lot of legal issues and therefore they will comply with some of them based on your IP address.

noorman0

hero member

Activity: 1778

Merit: 709

[Nope]No hype delivers more than hope

Quote from: leea-1334 on August 19, 2021, 10:04:12 AM

Does anybody know what the max withdrawal is for verified?

This is only an increase in the withdrawal limit for basic users (non-KYC) and is not affected for level 1 users onwards. I think if you are verified, it will be equal to VIP1 user which is 100BTC per day (iirc).

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

And now I read yesterday that Holland has also cracked down on Binance,,, but I thought the euro withdrawals were all already down since last two months? Cry

Does anybody know what the max withdrawal is for verified?

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

Quote from: Taskford on August 18, 2021, 06:41:25 AM

since we want to know if that email is true since I'm a regular binance user but I never receive any mail

Just got the same email as OP yesterday (18th, UTC) so yours could also be on the last few days before the supposed completion for existing unverified accounts which is at 2021-08-23 00:00 AM (UTC), see: Updates to Daily Withdrawal Limits. There was nothing fishy about the email so I doubt it's fake...

But don't fully rely on email alerts cause problems could arise leading to receiving no email at all or getting it late. As always, before putting any money, double check everything would work according to your purpose (at least on a surface level Cheesy

) e.g. checking withdrawal page for min/max amount, coin/exchange status, if you're able to trade etc...

Quote from: Taskford on August 18, 2021, 06:41:25 AM

I'm curious to know about the certain limits if we will not conduct the mandatory KYC to their platform.

If you were not .05BTC'd, it would most likely be at .06BTC as per the announcement.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: hugeblack on August 18, 2021, 03:20:47 AM

Yesterday I received an email from Binance, they told me that I have to verify the account or else the withdrawal limit will be reduced before 18/8/2021 and therefore they gave me one day even though they started implementing the procedures in the period between June and July.

I will wait until tomorrow to see if the 0.05 BTC limit will continue after that or decrease.
In general, I expect that they will be reduced again before the end of the year and require level1/2 verification, and perhaps they have other criteria such as total balance and so on.

its hard to provide our details knowing that there are so many Identity stealer so better to wait for the updates on what will happen to your account. Can you please give us an update? since we want to know if that email is true since I'm a regular binance user but I never receive any mail that's why I'm curious to know about the certain limits if we will not conduct the mandatory KYC to their platform.

hugeblack

legendary

Activity: 2702

Merit: 4002

Yesterday I received an email from Binance, they told me that I have to verify the account or else the withdrawal limit will be reduced before 18/8/2021 and therefore they gave me one day even though they started implementing the procedures in the period between June and July.

I will wait until tomorrow to see if the 0.05 BTC limit will continue after that or decrease.
In general, I expect that they will be reduced again before the end of the year and require level1/2 verification, and perhaps they have other criteria such as total balance and so on.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Azrieli on August 15, 2021, 05:31:34 AM

It is better to avoid it:
- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation

Hard to trust a website named "scambinance" to offer real facts and data.
For example, the link where you claim all the management resigned links back to...the same page, are you building proofs by linking to your claims from a random mail that looks sooo fake, especially when the English used in it sounds like somebody who has serious troubles making sentences longer than 10 words?

Besides, you're always forgetting bits of information, you add this:

Quote

“Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorized by the Authority to operate a cryptocurrency exchange from or within the Cayman Islands,” the islands’ Monetary Authority said in a press release Friday.

but you forget this:

Quote

Following recent press reports that have referred to Binance, the Binance Group and Binance Holdings Limited as being a crypto-currency company operating an exchange based in the Cayman Islands, the Authority reiterates that Binance, the Binance Group or Binance Holdings Limited are not subject to any regulatory oversight by the Authority.

Seriously, Binance has a lot of problems and a lot of skeletons in the closet as it is, why the need to make things up completely?

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

The closest thing to an announcement is when they updated their withdrawal limit article which notifies no one.

Quote from: https://www.binance.com/en/support/announcement/115000864371

Daily withdrawal limit:
Verified accounts: withdraw up to 100 BTC per 24h
Non-verified accounts: as displayed on the withdrawal page

Thanks for your support!
Binance Team

July 31th, 2017
Note: This announcement was updated on 2021-04-23 to reflect changes to daily withdrawal limits for non-verified accounts.

Binance email service is poor (except for promotions ofc Wink

), the email you received was probably sent to any unverified accounts regardless of whether they were .05BTC'd

Tash

sr. member

Activity: 1190

Merit: 305

Pro financial, medical liberty

If no country is found before Oct. 29 it can not exist. In most cases takes weeks to set up company.
Fact is been kicked out of Japan, Hong Kong, Malta and now Cayman Islands.
Which country is willing to take that much heat for little gain.
https://bitcointalksearch.org/topic/m.57648203

Darker45

legendary

Activity: 2576

Merit: 1860

Quote from: Azrieli on August 16, 2021, 02:21:27 AM

Quote from: Darker45 on August 15, 2021, 08:30:11 PM

Quote from: Azrieli on August 15, 2021, 05:31:34 AM

It is better to avoid it:

- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation

What is this exactly? These are serious allegations which are at least unfounded and at most a smear campaign against Binance. I am not here to defend the exchange. Although I am a user, I am not a diehard fan of the exchange either. Neither am I a fan of CZ himself. However, I guess to call Binance a scam, to create a site solely for the purpose of accusing it as a scam, to spread false information, and so on is below the belt. I surmise there must be an ulterior motive for this hatred against the exchange.

Open your eyes wider. Maybe then you'll understand.

I am, or at least trying, but I still don't see Binance as a scam exchange. To be fair, you don't put Binance in a category where the likes of YoBit belongs.

Quote from: TryNinja on August 16, 2021, 02:24:14 AM

Quote from: Darker45 on August 15, 2021, 08:30:11 PM

However, I guess to call Binance a scam, to create a site solely for the purpose of accusing it as a scam, to spread false information, and so on is below the belt. I surmise there must be an ulterior motive for this hatred against the exchange.

AFAIK, some dude got liquidated in a high leverage long/short of a shitcoin and went bananas against Binance. I do think Binance is shady asf, but there is no more convenient exchange today (after FTX, in my opinion), and I really don't see them exit scamming anyone when they are earning billions of dollars every year.

In all cases, don't keep your coins there if there are no reasons to do so.

Margin trading, especially with high leverage, is always courting risk. Billions have been easily liquidated in mere hours due to margin calls. I guess it is not unique to Binance that huge amounts in leveraged positions are quickly wiped out.

Anyway, I also think Binance is shady. And while I am using its platform until now, primarily for lack of a better option, I think I still don't trust it the way I trusted Bittrex and Poloniex years ago.

But calling it a scam, a fraud; spreading obvious lies that "all management resigned" and that the company is in liquidation, even linking it to an non-existent Binance.com casino, and so on are too much of a below the belt attack.

Of course, I always heed the warning not to keep funds in exchange wallets.

TryNinja

legendary

Activity: 2758

Merit: 6830

Quote from: Darker45 on August 15, 2021, 08:30:11 PM

However, I guess to call Binance a scam, to create a site solely for the purpose of accusing it as a scam, to spread false information, and so on is below the belt. I surmise there must be an ulterior motive for this hatred against the exchange.

AFAIK, some dude got liquidated in a high leverage long/short of a shitcoin and went bananas against Binance. I do think Binance is shady asf, but there is no more convenient exchange today (after FTX, in my opinion), and I really don't see them exit scamming anyone when they are earning billions of dollars every year.

In all cases, don't keep your coins there if there are no reasons to do so.

Azrieli

full member

Activity: 1316

Merit: 200

Quote from: Darker45 on August 15, 2021, 08:30:11 PM

Quote from: Azrieli on August 15, 2021, 05:31:34 AM

It is better to avoid it:

- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation

What is this exactly? These are serious allegations which are at least unfounded and at most a smear campaign against Binance. I am not here to defend the exchange. Although I am a user, I am not a diehard fan of the exchange either. Neither am I a fan of CZ himself. However, I guess to call Binance a scam, to create a site solely for the purpose of accusing it as a scam, to spread false information, and so on is below the belt. I surmise there must be an ulterior motive for this hatred against the exchange.

Open your eyes wider. Maybe then you'll understand.

Darker45

legendary

Activity: 2576

Merit: 1860

Quote from: Azrieli on August 15, 2021, 05:31:34 AM

It is better to avoid it:

- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation

What is this exactly? These are serious allegations which are at least unfounded and at most a smear campaign against Binance. I am not here to defend the exchange. Although I am a user, I am not a diehard fan of the exchange either. Neither am I a fan of CZ himself. However, I guess to call Binance a scam, to create a site solely for the purpose of accusing it as a scam, to spread false information, and so on is below the belt. I surmise there must be an ulterior motive for this hatred against the exchange.

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: Tash on August 14, 2021, 01:06:15 AM

Binance faces homelessness if no country is willing to host them. If a country like Cayman Islands is not interested in your business, things are grim. More at
https://bitcointalksearch.org/topic/m.57648203

This could happen at any time, everything here looks and smells like a slow death of Binance exchange, and CZ will retire sooner or later like he announced.
They are probably just switching to FTX exchange because they invested a lot in them and they are not under any attack of regulators (yet).

More troubles for Binance exchange coming from UK as London court ordered them to track hackers behind $2.6M Fetch.ai attack.
Now they need to identify exact people behind this hack and I found reply from their representative very alarming, as he said they routinely freeze suspicious customer accounts:

Quote

"Binance routinely freezes accounts that are identified as having suspicious activity occurring in line with our security policies and commitment to ensuring that users are protected while using our platform.”

https://cointelegraph.com/news/london-court-orders-binance-to-trace-hackers-behind-2-6m-fetch-ai-attack

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: BrewMaster on August 14, 2021, 08:58:08 AM

and is this affecting USDT withdrawals too when they say "crypto"?

I'm pretty sure it does. AFAIK it applies to all of your withdrawals. In short, whatever you withdraw, the total must not exceed 0.06 BTC per 24 hours. It is not exclusive to Binance either, most exchanges that I know of do this. CMIIW.

Azrieli

full member

Activity: 1316

Merit: 200

It is better to avoid it:

- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

Quote from: hugeblack on August 14, 2021, 08:09:32 AM

It's the first time I hear about this platform, any recommendations?

Coinex doesn't have an announcement thread here but they are own by ViaBTC pool which is one of the well-known BTC pools here on the forum.

If you don't feel safe then check Okex I according to this link https://www.okex.com/academy/en/how-to-kyc-on-okex
Their withdrawal limit for the unverified accounts is 10BTC I don't know if it changes recently.

Another exchange is Kucoin they have a 5BTC withdrawal limit for unverified users
You can read it from here https://support.kucoin.plus/hc/en-us/articles/4401857433241-How-To-Complete-KYC-Verification-PC-Version-

condoras

legendary

Activity: 3038

Merit: 1104

This is what I do. I drink and I know things.

Quote from: The Cryptovator on August 14, 2021, 09:38:33 AM

The changes were effective immediately for new users but for an existing user, it will be effective from 2021-08-04 00:00 to 2021-08-23, step by step they will complete this implementation and it will ends on 23 August 2021.

So if someone still has 2BTC as 24 hrs withdrawal limit, it should probably start moving his funds before changes affect him/ his region/ his country.

Quote from: hugeblack on August 14, 2021, 08:09:32 AM

up to this point I moved 95% of my total balance and will decide after 2021-08-23.

For me, there is no reason to wait. If you don't pass KYC and become fully verified, your limit will be 0.06BTC. My total balance already matches the new criteria and I'm thinking to even lower it to dust... Undecided

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

CloudFront blocking me to visit the links. A few days back I have created a thread Binance decreased withdrawal limits for basic verified users. The withdrawal limit was 0.06BTC when the article was published (27 July 2021). I haven't received any mail from Binance about withdrawal, most probably it's because my account is fully verified. I don't think your concern is valid because it will not reduce more. The time frame is complete implementation as far as I know. The changes were effective immediately for new users but for an existing user, it will be effective from 2021-08-04 00:00 to 2021-08-23, step by step they will complete this implementation and it will ends on 23 August 2021.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

i came here to complain about this. yet another centralized exchange that started placing more and more limits on their users to force KYC on them.
this sucks since now i have to start looking elsewhere and unfortunately i don't think there is currently any decent exchange left without KYC. so back to DEX i guess. at least for now.

what is everyone else going to do? and is this affecting USDT withdrawals too when they say "crypto"?

Topic: Binance withdrawals limits {0.05 BTC accounts} - page 2. (Read 623 times)