Binance withdrawals limits {0.05 BTC accounts} - page 3.

hugeblack

legendary

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Buy/Sell crypto at BestChange

After a little research, I started to believe that the problem is related to the IP address either because I use VPN or because of the country as I access binance using an IP from UK, is there anyone from the United Kingdom or using an IP from that country facing the same problem ?

I thought about changing my IP address but I think it would make things worse, even though I always delete cookies but such a trick won't work because I think they know my MAC address.

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

Quote from: BitMaxz on August 13, 2021, 02:28:58 PM

Try to check Coinex they have a withdrawal limit to all crypto of around $10k

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

condoras

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

Quote from: Tash on August 14, 2021, 02:06:15 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

It's true that the Cayman Islands are well-known tax heaven with fewer restrictions but it's not the only one. There are other countries/ tax heavens who can host them (and why not do it?) if they found themselves in front of a dead end. I'm sure though that Binance management knows how to move before that time.
Besides, if they "comply", there will have "no problem"... Undecided

Tash

sr. member

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Pro financial, medical liberty

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

Darker45

legendary

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🙏🏼Padayon...🙏

I haven't received such message yet. Perhaps it will only be sent upon the implementation of the reduction in your individual account. For now, my limit remains at 2BTC since I am an unverified user. I guess the implementation hasn't reached me yet. As per their official announcement, the change will be effective for "existing users in phases starting from 2021-08-04 00:00 AM (UTC) and completed by 2021-08-23 00:00 AM (UTC)."^[1]

But I don't know where your 0.05BTC limit is taken from. Have you made contact with them about it? The official announcement clearly specifies 0.06BTC, and that the "withdrawal limits refresh daily at 00:00 AM (UTC)" and not 24 hours from last withdrawal.^[Ibid.]

Anyway, I guess there won't be further reductions to come anytime soon. 0.06BTC is even too low already.

[1] https://www.binance.com/en/support/announcement/9df8225c061b455da5c7cc293cd08a70

stompix

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Jambler.io

It is normal only non-KYC users would receive this as they are targeted but that thing that happened a few months ago was probably a change in their system that tags "suspicious" users, they didn't go after all the users who weren't verified but after a few of them, probably based on IP logs, volume, or the used addresses. It's no secret anymore that Binance tracks all of these so probably they've just added a few more requirements to the selection process.

As for the OP question, no I don't think that they will set an even lower limit for such cases, it will probably be the same, the 0.06 was just a stunt to make them look like they are doing something about AML laws, the 0.05 they randomly imposed on users is an internal business of theirs. But long term, I doubt they will allow even a satoshi without KYC in a few years and so will other exchanges that want to keep operating in every single country in the world, if you're still planning on doing anonymous buys CEX will not be an option.

Quote from: JeromeTash on August 13, 2021, 03:37:26 PM

I am also a verified user, but I haven't received such a notification. Maybe it was sent out only to non verified users. Even the 0.06 BTC limit is too low in my opinion. I am imagining if BTC dropped to 5K. That's $300 worth of withdrawals every 24 hours Angry

Wait till it goes to the same level banks offer without KYC 0.0! Grin

JeromeTash

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Heisenberg

Quote from: BitMaxz on August 13, 2021, 02:28:58 PM

I never received an email from Binance that talks about this since I'm a verified user may be only non-KYC users who receive it?

I am also a verified user, but I haven't received such a notification. Maybe it was sent out only to non verified users. Even the 0.06 BTC limit is too low in my opinion. I am imagining if BTC dropped to 5K. That's $300 worth of withdrawals every 24 hours Angry

Kucoin still offers 5 BTC limits for unverified accounts, but I don't know how long they will hold before they also reduce them.

BitMaxz

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Block halving is coming.

They don't have an announcement about the 0.05BTC limit but if you search it through Google you can find an article that his friend contacted Binance support ask why the withdrawal limit reduce from 2BTC to 0.05BTC and I heard it wasn't officially announced even in telegram. I never received an email from Binance that talks about this since I'm a verified user may be only non-KYC users who receive it?

I believe 0.06BTC would be the final decision from Binance and those who already reduced to 0.05BTC might change to 0.06BTC withdrawal limit.
The 0.06BTC current price is $2789.2974 which is very small compared to other exchanges for non-KYC users.
Why not switch to another exchange? Try to check Coinex they have a withdrawal limit to all crypto of around $10k

OmegaStarScream

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At first, I thought you were mistaken but I found an article that talks about this, and apparently some accounts got their limits lowered back in April or May. I couldn't find the criteria or an official announcement from Binance though. But just like I said in my previous post, I don't think the limits will be lowered more. It will probably remain the same (0.05 BTC) instead of 0.06 BTC.

It appears that Binance is really getting pressured. They announced that the API keys will no longer be usable for non-KYC users and they also stopped supporting MYR (Malaysia) and KRW (South Korea) fiat deposits today after being ordered from the local regulators.

hugeblack

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Buy/Sell crypto at BestChange

Almost all of us have heard of the recent update that Binance made in order to reduce withdrawal limits^[1] for accounts that are not verified.
I have an account several years ago and I've been using VPN to access it. I noticed that the withdrawal limits changed to .05BTC about two months ago. Does this mean that the last procedures have been applied to us or will there be more reductions by 2021-08-23?

I also noticed that this message was sent to me yesterday even though the restrictions were suddenly applied.

Finally, the withdrawal limits are not updated daily at 00:00 AM (UTC) but rather 24 hours from the last withdrawal.
Are there any similar stories?

[1] https://www.binance.com/en/support/announcement/9df8225c061b455da5c7cc293cd08a70

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