Topic: Binance withdrawals limits {0.05 BTC accounts} (Read 549 times)
Can you stop spamming with promoting links to your website?
You post the same thing on all topics about Binance with the site that does not have sufficient credibility.
I can understand that you hate Binance, but don't bully the rest of us with that.
Does not have trust? Boy, there is more trust in the site ... than to you. With all due respect.
Binance is ‘not capable’ of proper supervision
https://www.thetimes.co.uk/article/db7b8908-05c9-11ec-a644-d92df3a28bb3?shareToken=d509427e01e16a31c4434f7e70a8f22c
No offence Rrita,,, I never heard of Nominex but if they are member of Binance broker that is a good thing. I will make note of all of this.
I forget to mention about Phemex exchange. Phemex offers spot trading, Contract trading, Simulated trading and Volume(24h) $3,154,886,038 (65,095 BTC).They also offer 2 BTC withdrawals per day for non-KYC users. Just talked with Customer support about this and the reply was:
Standard and Premium trial users can only withdraw up to 2 BTC per day. Withdrawal processing times are at 08:00, 16:00, and 24:00 UTC every day. Premium users have no withdrawal limits and enjoy hourly withdrawal reviews. For security purposes, each account must have at least one valid prior deposit (of any amount) and must have Google two-factor authentication (2FA) enabled prior to a withdrawal.
Now there is a promotional offer ongoing, PEMEX DEPOSIT DAZZLE Crypto Deposit Bonus up to $2,000 (TRADING BONUS).
Hope this information would be helpful for you.
For sure it did really make out some effect in overall userbase of Binance when it did turn out to full KYC system which is mainly hated on this market but since these platforms are regulated then it isnt a surprise
that these changes would be implied anytime soon not only into this exchange but on the current existing ones.
I havent heard of about Phemex and Nominex but its good to know that there are indeed currently existing which you can make it as an option as long it is a legit and reputable one.
As a business I hope Binance does not lose customers because of this if they haven't already because chances are high most of their customers hadn't gone through with the know your customer (KYC) process, btw what criteria did they use to come to the 0.05 btc withdraw limit ...does this limit leave them competitive with other centralized exchanges with a leeway of how much can be withdrawn without KYC/AML.
Just thinking about it these regulators that watched from afar are really hurting crypto which has taken several years to build.
Just thinking about it these regulators that watched from afar are really hurting crypto which has taken several years to build.
Why defend that platform? They are scammers and some Bitcointalk members have informed some scam behaviors of @NominexExchange like cheating bounty hunters, locking up tokens and other things.
It does not matter if they have a relationship with Binance but this does not add to their credibility.
If Nominex.io has not solved the problem, this means that they will repeat this, whatever positive feedbacks.
I wish all to move away and stop using that platform.
[1] https://bitcointalk.org/index.php?action=trust;u=2704636
It does not matter if they have a relationship with Binance but this does not add to their credibility.
If Nominex.io has not solved the problem, this means that they will repeat this, whatever positive feedbacks.
I wish all to move away and stop using that platform.
[1] https://bitcointalk.org/index.php?action=trust;u=2704636
Ops, thanks for bringing this here. So they did cheat with the bounty hunter by doing a lockup bounty coin for the period of 1 year. It's not good for an exchange. I have no relation with this exchange, Just used the exchange a few times and everything was smooth. So why mention the name here. Hope people will DYOR before joining.
I don't have any problem with current binance KYC implementation as I'm verified on that platform for more than a year and so far I didn't find any complexity nor danger towards doing that on their exchange that's why I prefer to use this exchange but your recommendation makes me think that there are also a platform that offer almost the same thing with binance so maybe I will look at it as I'm seeking an alternative where I can trade If I got bored staying at binance. By the way does Phemex and Nominex is new exchange since I don't heard about them even before?
There are scam accusations about Nominex , so it would be nice not to try this now.Phemex is a good alternative to Binance, If you check the current volume it's very good. They have huge volume, liquidity, order book, good customer support, Well designed web interface, and an android application. It's very wise not to do trade only one exchange, So we need some alternative exchange.
Still, some exchanges offering NON-KYC services. Among them Nominex offering the highest withdrawal. They are offering up to 3BTC withdrawal without KYC. It's new but looking good at all. I created an account also bought some NMX coins. Nominex exchange becomes a member of the Binance broker program so it's more reliable right now.
Here is the Bitcointalk ANN thread of Nominex exchange, https://bitcointalksearch.org/topic/exchangenominexio-new-trading-platform-with-low-fees-and-numerous-instruments-5197241
Why defend that platform? They are scammers and some Bitcointalk members have informed some scam behaviors of @NominexExchange like cheating bounty hunters, locking up tokens and other things. Here is the Bitcointalk ANN thread of Nominex exchange, https://bitcointalksearch.org/topic/exchangenominexio-new-trading-platform-with-low-fees-and-numerous-instruments-5197241
It does not matter if they have a relationship with Binance but this does not add to their credibility.
If Nominex.io has not solved the problem, this means that they will repeat this, whatever positive feedbacks.
I wish all to move away and stop using that platform.
[1] https://bitcointalk.org/index.php?action=trust;u=2704636
Exchanges have always been the weak point in crypto. I lost count how many i have registerd and not exist any longer.
I guess at some stage all trading is done on noncustodial brockerless trading.
Still, some exchanges offering NON-KYC services. Among them Nominex offering the highest withdrawal. They are offering up to 3BTC withdrawal without KYC. It's new but looking good at all. I created an account also bought some NMX coins. Nominex exchange becomes a member of the Binance broker program so it's more reliable right now.
Here is the Bitcointalk ANN thread of Nominex exchange, https://bitcointalksearch.org/topic/exchangenominexio-new-trading-platform-with-low-fees-and-numerous-instruments-5197241
Why defend that platform? They are scammers and some Bitcointalk members have informed some scam behaviors of @NominexExchange like cheating bounty hunters, locking up tokens and other things. Here is the Bitcointalk ANN thread of Nominex exchange, https://bitcointalksearch.org/topic/exchangenominexio-new-trading-platform-with-low-fees-and-numerous-instruments-5197241
It does not matter if they have a relationship with Binance but this does not add to their credibility.
If Nominex.io has not solved the problem, this means that they will repeat this, whatever positive feedbacks.
I wish all to move away and stop using that platform.
[1] https://bitcointalk.org/index.php?action=trust;u=2704636
No offence Rrita,,, I never heard of Nominex but if they are member of Binance broker that is a good thing. I will make note of all of this.
I forget to mention about Phemex exchange. Phemex offers spot trading, Contract trading, Simulated trading and Volume(24h) $3,154,886,038 (65,095 BTC).They also offer 2 BTC withdrawals per day for non-KYC users. Just talked with Customer support about this and the reply was:
Standard and Premium trial users can only withdraw up to 2 BTC per day. Withdrawal processing times are at 08:00, 16:00, and 24:00 UTC every day. Premium users have no withdrawal limits and enjoy hourly withdrawal reviews. For security purposes, each account must have at least one valid prior deposit (of any amount) and must have Google two-factor authentication (2FA) enabled prior to a withdrawal.
Now there is a promotional offer ongoing, PEMEX DEPOSIT DAZZLE Crypto Deposit Bonus up to $2,000 (TRADING BONUS).
Hope this information would be helpful for you.
No offence Rrita,,, I never heard of Nominex but if they are member of Binance broker that is a good thing. I will make note of all of this.
I forget to mention about Phemex exchange. Phemex offers spot trading, Contract trading, Simulated trading and Volume(24h) $3,154,886,038 (65,095 BTC).Thanks again and yes the information is useful,,, except I have a hard time trusting new exchanges (or old ones I never heard of). It is already hard enough to trust CEXs especially but at least the Nominex you mentioned was a Binance broker, but what about Phemex? I guess now I am really surprised not to know the withdrawals were of such high limits.
No offence Rrita,,, I never heard of Nominex but if they are member of Binance broker that is a good thing. I will make note of all of this.
I forget to mention about Phemex exchange. Phemex offers spot trading, Contract trading, Simulated trading and Volume(24h) $3,154,886,038 (65,095 BTC).They also offer 2 BTC withdrawals per day for non-KYC users. Just talked with Customer support about this and the reply was:
Standard and Premium trial users can only withdraw up to 2 BTC per day. Withdrawal processing times are at 08:00, 16:00, and 24:00 UTC every day. Premium users have no withdrawal limits and enjoy hourly withdrawal reviews. For security purposes, each account must have at least one valid prior deposit (of any amount) and must have Google two-factor authentication (2FA) enabled prior to a withdrawal.
Now there is a promotional offer ongoing, PEMEX DEPOSIT DAZZLE Crypto Deposit Bonus up to $2,000 (TRADING BONUS).
Hope this information would be helpful for you.
Nominex exchange becomes a member of the Binance broker program so it's more reliable right now.
Okex seems to be a good alternative as well. I can withdraw up to 10 BTC per 24 hours without the need to verify my identity. I also like the fact that lightning network withdrawals are supported which is something I believe no one has done so far.Thank you everyone for all of these exchanges. No offence Rrita,,, I never heard of Nominex but if they are member of Binance broker that is a good thing. I will make note of all of this.
Okex I also think is a good exchange even though people say they do a lot of wash trading in past. Kucoin much the same,,, I did not realize their wd limits were so high!
This is the end of non KYC exchanges. 
Still, some exchanges offering NON-KYC services. Among them Nominex offering the highest withdrawal. They are offering up to 3BTC withdrawal without KYC. It's new but looking good at all. I created an account also bought some NMX coins. Nominex exchange becomes a member of the Binance broker program so it's more reliable right now.
-snip-
Okex seems to be a good alternative as well. I can withdraw up to 10 BTC per 24 hours without the need to verify my identity. I also like the fact that lightning network withdrawals are supported which is something I believe no one has done so far.
How about Kucoin, everyone is forgetting this top exchange. They still have 5 btc daily withdrawal limit for unverified account. Let us see if this will change in the future. But for small traders, I guess the the reduction of limits in binance is still fine. At least, with that exchange, they have very good liquidity and your funds are relatively safe. I am verified in Binance owed to access in p2p trading, so I have no problem with their reduction limits.
I also like the fact that lightning network withdrawals are supported which is something I believe no one has done so far.
Bitfinex supports Lightning Network deposits and withdrawals as well. They also maintain two fairly large and well-connected nodes (bfx-lnd0, bfx-lnd1) so payment failures should not be a real problem.
This is the end of non KYC exchanges.
Still, some exchanges offering NON-KYC services. Among them Nominex offering the highest withdrawal. They are offering up to 3BTC withdrawal without KYC. It's new but looking good at all. I created an account also bought some NMX coins. Nominex exchange becomes a member of the Binance broker program so it's more reliable right now.
-snip-
Okex seems to be a good alternative as well. I can withdraw up to 10 BTC per 24 hours without the need to verify my identity. I also like the fact that lightning network withdrawals are supported which is something I believe no one has done so far.
This is the end of non KYC exchanges.
Still, some exchanges offering NON-KYC services. Among them Nominex offering the highest withdrawal. They are offering up to 3BTC withdrawal without KYC. It's new but looking good at all. I created an account also bought some NMX coins. Nominex exchange becomes a member of the Binance broker program so it's more reliable right now.
Here is the Bitcointalk ANN thread of Nominex exchange, https://bitcointalksearch.org/topic/exchangenominexio-new-trading-platform-with-low-fees-and-numerous-instruments-5197241
Today Binance blog publishes a new update regarding KYC, https://www.binance.com/en/blog/421499824684902585/ecosystem/binance-expands-global-kyc-requirements-to-further-user-protection
According to this blog post, All Binance users need to do the Intermediate Verification requirement. To prevent Anti-Money Laundering (AML) Binance doing this.
According to this blog post, All Binance users need to do the Intermediate Verification requirement. To prevent Anti-Money Laundering (AML) Binance doing this.
It is funny to see this type of post actually because on one hand it makes them look good to show the regulators that they care about AML and regulations and they want to do right,,,
But on the other hand it is a sort of admitting that in the past, they did not care;)
This is the end of non KYC exchanges.
Today Binance blog publishes a new update regarding KYC, https://www.binance.com/en/blog/421499824684902585/ecosystem/binance-expands-global-kyc-requirements-to-further-user-protection
According to this blog post, All Binance users need to do the Intermediate Verification requirement. To prevent Anti-Money Laundering (AML) Binance doing this.
According to this blog post, All Binance users need to do the Intermediate Verification requirement. To prevent Anti-Money Laundering (AML) Binance doing this.
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).
Thanks. As I know there are 3 levels of verification for Binance, the most basic is just verification of contact locations and then the second is matching personal ID with your details while the third is full residence, location and banking verification.
I was the most basic level on a long time ago but never received any notice. I have avoided going to try even log in now until all of this blows away
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.
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).
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? 
Does anybody know what the max withdrawal is for verified?
Does anybody know what the max withdrawal is for verified?
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
) e.g. checking withdrawal page for min/max amount, coin/exchange status, if you're able to trade etc... 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.
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.
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.
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.
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.
It is better to avoid it:
- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation
- 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?
The closest thing to an announcement is when they updated their withdrawal limit article which notifies no one.
Binance email service is poor (except for promotions ofc
), the email you received was probably sent to any unverified accounts regardless of whether they were .05BTC'd
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.
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
), the email you received was probably sent to any unverified accounts regardless of whether they were .05BTC'd 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
It is better to avoid it:
- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation
- 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.
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.
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.
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.
It is better to avoid it:
- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation
- 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.
It is better to avoid it:
- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation
- 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.
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.https://bitcointalksearch.org/topic/m.57648203
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 
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.
It is better to avoid it:
- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation
- Binance Holdings Limited (Cayman Islands): All management resigned, company in liquidation
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-
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.
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...
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.
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"?
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"?
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.
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.
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? 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
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"...
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
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
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
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.
Wait till it goes to the same level banks offer without KYC 0.0!
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.
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 
Wait till it goes to the same level banks offer without KYC 0.0!
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 Kucoin still offers 5 BTC limits for unverified accounts, but I don't know how long they will hold before they also reduce them.
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
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
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.
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.
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
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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