Coin suspension | Bitcointalksearch.org

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

I think a lot of people that were quick to reply didn't get what OP is trying to ask. He is asking suspension from conversion. What I observed about Binance is that when they add something there must be a reason for it and when they suspended something, there is a reason for that as well. If Binance add coin for conversion, it's because there is demand for such coin and if they later remove it, then it means they don't see demand and are not making money from it again. So OP, I hope I answered your question.

Binance don't suspend coins but when there is upgrade, they suspend deposit and perhaps withdrawals. They don't stop the trading in spot but they may suspend the future trading of that coin but they don't suspend any coin. If there is a reason for any suspicious move, they can only halt deposit.

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Quote from: cakravothy on February 27, 2024, 04:33:21 PM

Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

If the coins you have are delisted, all you have to do is withdraw to an exchanger that still accepts your coins. and there is also a time limit. if it has passed the time limit, it cannot be withdrawn anymore. if it has been delisted, of course, you will no longer be able to sell your coins on Binance.

What I know about that matter is that the exchangers give an announcement on their platform itself for traders who have a hold of coins that will be delisted on their platform. Now, if there are traders who cannot change the coin that will be removed from the list of the exchange, it is because they do not often open an account on the exchange, so they have not been updated on the platform.

So, meaning, the shortcoming is not in the exchange platform itself, but the concern about mistakes is in the individual traders themselves, you know what I mean.

Oneandpure

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Quote from: TravelMug on February 20, 2024, 04:11:18 PM

Well it's going to be obvious if a coin is suspended,

a. no withdrawal
b. no deposit
c. no buying
d. no selling

There could be a lot of reasons why a coin is going to be suspended by let's say Binance. But I speculate that it could be of security reasons, maybe there was a hack that is going on or at least that coin has been compromise. So it might take days or months because Binance will resume everything on that coin.

Most of coins suspended because has security reason with their project and binance will stop immediately for withdrawing, deposit and trading until the coins project announce they are return back from security cases. I saw many time Binance usually suspended with withdrawing or deposit and coins have drastically difference price between one exchange with another exchange but back to normal price after releases suspending.
For releasing form suspended I don't think need longer time regarding has many kinds of coins suspended in Binance taking without one day back to normal for trading, deposit and withdrawal. Its difficult position when holding some coins get problem with suspended for trading and get losses opportunity to earn profitable trough trading.

Maus0728

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I think that it depends on how difficult the issues that the coin is currently facing, that's the only way that I can think why they take long. Haven't encountered this problem though, what coins you've got that has this problem? This kind of thing I think doesn't happen that often given that a lot of developers through the years are continuously improving their crypto before any official release and the next cryptocurrency developed would probably be more improved.

Quote from: boyptc on February 27, 2024, 05:38:16 PM

Well, it can be a sign that when a coin is suspended then it is likely soon that it will be delisted.

I dont have these coins that have been suspended by Binance but typically, that it is not a good sign and you cannot do anything with that because you cannot even withdraw it even you have to.

Asking the support wont help as well because they wont give you timeframe when it may be fixed.

I don't believe that they're going to do that with the coins that they're going to delist, I didn't experience that with my Monero when it got delisted in Binance, coin suspension mostly prevents someone from getting that crypto used for transactions and at the same time make it much easier for their developers to solve the issue without more people being affected by the very issue that they're fixing and the cause of their suspension.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

A coin suspension depend so so many reasons that might include technical problems from the project team.
Also an exchange might decided to suspend a coin because of security breach especially when the project has some security breach that needed to be attended to to avoid further loses. Other reason too might come in when the project team was known to be dubious especially when the coin is intended to crash out.

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Binance will make announcement in their social media platform also in their exchange before suspend or delisted any coin than stop deposit option but they allow to withdraw your coins in other exchange. Many reason in the behind to delist a coin firstly technical issue and inactivity of dev.

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Well, it can be a sign that when a coin is suspended then it is likely soon that it will be delisted.

I dont have these coins that have been suspended by Binance but typically, that it is not a good sign and you cannot do anything with that because you cannot even withdraw it even you have to.

Asking the support wont help as well because they wont give you timeframe when it may be fixed.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

If the coins you have are delisted, all you have to do is withdraw to an exchanger that still accepts your coins. and there is also a time limit. if it has passed the time limit, it cannot be withdrawn anymore. if it has been delisted, of course, you will no longer be able to sell your coins on Binance.

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Quote from: goaldigger on February 27, 2024, 03:33:47 PM

Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

This will depend on the issue of the coin and of course depends on the terms of the exchange, if you think that coin can still be activated on that exchange then you can wait until the exchange lifted the suspension but no one can tell when aside from them. If your are holding a coin that will be suspended better to make a move early and withdraw that coin as soon as possible so you can still access your money.

On my end, if I am holding such coin and there is a suspension, I would go to the social media channel of this project because you will know the possible reasons why the exchange is suspending them. There will be discussions for sure, so you can get insights if it will be temporary or possibly there's no chance of resolving it. Aside from actually reaching out the support of the exchange itself.

When you get the possible angles on what's happening, you can easily act on it. If you think it will be a possible warning that the coin has deep problems, you can get out of your coins and find other exchanges that are still trading the coin. Get rid of it as soon as possible. At least, get something out of it before it declines its value in the market, because the possibility of recovering from the situation may not happen anymore.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

This will depend on the issue of the coin and of course depends on the terms of the exchange, if you think that coin can still be activated on that exchange then you can wait until the exchange lifted the suspension but no one can tell when aside from them. If your are holding a coin that will be suspended better to make a move early and withdraw that coin as soon as possible so you can still access your money.

TheGreatPython

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Quote from: Yamane_Keto on February 20, 2024, 10:45:57 PM

Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

Coins are listed on exchanges to be traded, so it is normal for them not to be suspended, this may happen for several reasons, some of which are related to liquidity, technical problems, or even legal problems, but this is supposed to be temporary and be resolved quickly so that trading can resume, if coin is suspended on one exchange, such as binance, the problem will be resolved quickly, but if it continues for more than two or three days without an explanation of the reason, it will most likely be delisted soon.

Obviously they are there for a reason but you should rather say that a suspension is normal and can happen at all times as there are now lots of new coins and many of them are shady so in order to save the user and the exchange reputation, they need to do some investigations first and see if they can re-allow the coin again to be traded or not.

We can only wish that it will be resolved quickly because what if not and we still have that coin? It won't hurt that much if we know we will be refunded but I think on most cases it doesn't happen. A few days of suspension might still be normal but if it's longer than a week or two, that would be alarming already. This is why we should be very picky when we invest or trade and much better if we choose only the most established ones.

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I am not that familiar with exchanges and why they give suspensions to other coins. Maybe the others here are right that a coin listed on an exchange platform may not achieve the required requirements; I just don't know if it's every week or every month.

Maybe, from what I see, it can be when there is not much volume entering the coin each day. This is one of the reasons why a coin is given or issued a suspension on the exchange platform.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

It depends on the reason behind the suspension, I knew it just kept in the suspended state for years in few exchanges but since we are talking about Binance hopefully they act better than others or atleast will give an update and possible time when things become normal.

If you are talking about maintenance then usually it only last for hours, anything else more likely a technical security related issue from project.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

When a coin is suspended from an exchange, it just means that we are not achieving the quota required by the exchange where it is listed. Of course, all exchanges have their own volume quota if they want to stay on the exchange.

In addition to that, there are not many traders who have an interest in trading in coins, because when there are many buyers and sellers, for sure, those coins will last a long time on an exchange platform.

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Quote from: Oshosondy on February 20, 2024, 02:51:07 PM

A coin can be suspended on an exchange if the coin developers have some technical issue to solve, an issue that may affect users. Another reason is regulatory issue. There can be some other reasons in a way the exchanges may want to protect their users. The duration of the suspension will differ.

You speak my mind but what I want to add most time exchange may discover the coin listed have some issue during their presale as investors may have some report that is not clear against them, the exchange may decide to suspend the coin pending when the issue is settled mostly some shiltcoin and altcoin .but suspension always lies when what leads to such has be rectify .

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There are various reasons listed by users in the above replies briefing about why a coin can be suspended and if it's suspended for conversion of ratio or some other technical reason it would be restored as per the announcement by the exchange, we need check their announcement and notifications to know the estimated time as these suspension comes with estimated resolution time. But, if a coin is getting delisted from the exchange you will not be able to trade it but you will be able to transfer it to a different exchange where it's traded within the cut off period which usually goes for months.

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If any of the coins/projects have been suspended on any of the Specific exchanges which means that the deposit and withdrawal will be stopped at that time of coin suspension. Before any Suspension Exchanges make some kind of notice/alert to the project investors and users so that they can prepare themselves for that. These suspensions can be due to some kind of technical issue or many other reasons which also include project affairs with exchange which can be if the project is not fulfilling the exchange requirement then exchanges have to make these kinds of suspensions on the projects.

Besides all that, there is also another context which includes the delisting of Token from exchanges. These exchanges also make some alerts/notices on their social media handle so that users can withdraw and move their amount out of the project/token before its delisting. In this way, user funds stay safe in their hands

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

OP I cant get it, what type of suspension you are talking about some sort of delisting or temporary unavailability of a pair, it depends on what you mean by suspension of trade in any pair or coin if it's due to the platform they'll fix it within the deadline they gave in the announcement and you can follow their latest developments to stay updated, if there's something wrong with the Coin itself then the suspension depends on the scale of victims.

Suspension may vary from situation to situation but the delisting sort of cases are not the same, those who are delisted probably don't get enough trading volume and market interest, exchanges used to delist such dead coins but they provide a proper delisting timeline to avoid the fund's loss issues for the users.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

When a coin is suspended from an exchange it means it can't be withdrawn or deposited on the exchange where it is suspended, but trading, or conversion of existing coins on the exchange is still possible considering the fact they also said to stop or restrict that. It does not take long for finance to release a suspension, because if they are suspending some coin then that might be due to some technical problems they might be fixing on, and when that problem is fixed, the suspension can be lifted as well.

But some coins might be suspended permanently as well, time is given by all exchanges and they are then scheduled to that time table means they have to suspend the coin at the exact same time.

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Quote from: Potato Chips on February 21, 2024, 02:32:16 AM

Recently, binance suspended XMR withdrawals without warning, apparently, due to low wallet balance, see: https://twitter.com/DontTraceMeBruh/status/1759680195806544364
Though, I can't comment if this is exactly unforseeable for binance.

It may be due to regulatory pressures, or it may be due to the high consumption of BTC --> XMR and then the withdrawal, as it has become a cheaper way to mix bitcoin and some mixing services use it as mixing algorithm, or it may be related to what happened with FixedFloat.
There are many reasons why they delist #Monero, especially with the authorities trying to impose more fines on them.

Not only them, but even eXch started complaining about the high withdrawal of Monero.

Quote from: eXch on February 10, 2024, 06:32:54 AM

The second service fee spike for XMR pairs was caused by Binance attacking XMR by delisting announcement and price manipulation involving various techniques not obvious to most people (except ones who have been here enough to know how all this speculative market works and has nothing in common with tech)

As a service that provides its own liquidity for trades, we have to protect our liquidity from extreme volatily in order to prevent losing our capital.

If we increase a price by 5% 10% or 22% it means we only do it to protect ourselves from some factors currently affecting the coin's price and not to make extra gains.

We are barely able to make any profits even with a current 5% service fee but it's at least a good (and only) mean of protection against high volatility.

Potato Chips

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Quote from: sheenshane on February 20, 2024, 06:34:47 PM

Quote from: Bitcoin_Arena on February 20, 2024, 05:43:11 PM

Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended?

Trading the coins is disabled
Deposits also get disabled
Sometimes Withdrawals could be disabled but in more cases users are allowed to withdraw the coins to another address or platform

But I think before they suspend this coin they have an announcement right? It seems like there's a specific time of suspension date so that users can withdraw or transfer the coin immediately.

Yes, but not always because there could be unforeseeable scenarios for exchanges like binance. One example would be, whenever SOL goes down lol.

Recently, binance suspended XMR withdrawals without warning, apparently, due to low wallet balance, see: https://twitter.com/DontTraceMeBruh/status/1759680195806544364
Though, I can't comment if this is exactly unforseeable for binance.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

Coins are listed on exchanges to be traded, so it is normal for them not to be suspended, this may happen for several reasons, some of which are related to liquidity, technical problems, or even legal problems, but this is supposed to be temporary and be resolved quickly so that trading can resume, if coin is suspended on one exchange, such as binance, the problem will be resolved quickly, but if it continues for more than two or three days without an explanation of the reason, it will most likely be delisted soon.

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Quote from: Bitcoin_Arena on February 20, 2024, 05:43:11 PM

Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended?

Trading the coins is disabled
Deposits also get disabled
Sometimes Withdrawals could be disabled but in more cases users are allowed to withdraw the coins to another address or platform

But I think before they suspend this coin they have an announcement right? It seems like there's a specific time of suspension date so that users can withdraw or transfer the coin immediately.

Quote from: Bitcoin_Arena on February 20, 2024, 05:43:11 PM

The Announcements by Binance can also be of guide to you.

I tend to agree that when choosing a trusted exchange we must join their announcement channel for awareness.
Because they usually provide updates and information regarding the status of the suspended coin through their official communication channels, such as announcements on their website or social media platforms.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended?

Trading the coins is disabled
Deposits also get disabled
Sometimes Withdrawals could be disabled but in more cases users are allowed to withdraw the coins to another address or platform

Quote from: Realgogo on February 20, 2024, 01:59:04 PM

How long does it take for Binance to release from suspension? Especially from conversion.

Most of the time when the coin is suspended. It's indefinite (delisted) but if it is due to other issues such as technical. The time frame would vary depending on how quick the issue is resolved. The Announcements by Binance can also be of guide to you.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension?

So as said by the people above, there won't be any activities anymore for those coins that have been suspended by Binance or any exchange. Do you see any coin that has been suspended and you have been holding that coin on Binance?

Quote from: Realgogo on February 20, 2024, 01:59:04 PM

Especially from conversion.

AFAIK, you can't even convert the small amounts into BNB if it is suspended. And that's why if it's allowed to withdraw, you gotta withdraw that and sell it somewhere else or with another exchange.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

Well it's going to be obvious if a coin is suspended,

a. no withdrawal
b. no deposit
c. no buying
d. no selling

There could be a lot of reasons why a coin is going to be suspended by let's say Binance. But I speculate that it could be of security reasons, maybe there was a hack that is going on or at least that coin has been compromise. So it might take days or months because Binance will resume everything on that coin.

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Quote from: Realgogo on February 20, 2024, 01:59:04 PM

What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

When a coin is suspended, for example on Binance, they stop the buying and selling temporarily. The same thing happens to conversion. Basically, the buy and sell button becomes inactive. The lenght for the suspension to be lifted by Binance will depend on the reason for suspension and how fast the issue is resolved. Some things you may do include, sending a message to their support, visiting their announcement page on their website or their social media.

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A coin can be suspended on an exchange if the coin developers have some technical issue to solve, an issue that may affect users. Another reason is regulatory issue. There can be some other reasons in a way the exchanges may want to protect their users. The duration of the suspension will differ.

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What happens when a coin is suspended? How long does it take for binance to release from suspension? Especially from conversion.

Topic: Coin suspension (Read 298 times)