OP I don't know if this was related with your issue and with exchange outage, but TON blockchain was down not working for six hours!
I don't think so, TON is working on Kucoin when i made my first reply on OP. I guess this is just something on Binance scheme whenever a coin got a huge dump, suddenly coin withdrawal has maintenance. 
Topic: Ongoing issues on transactions and hike of transaction fees. (Read 142 times)
OP I don't know if this was related with your issue and with exchange outage, but TON blockchain was down not working for six hours!
It's really interesting how this happened ion the same time when Durov was arrested, but they claim it happened because of another dogstoken airdrop that created overload.
What a shitcoin shitshow
It's really interesting how this happened ion the same time when Durov was arrested, but they claim it happened because of another dogstoken airdrop that created overload.
What a shitcoin shitshow
To be honest, it's not only TRC20 and TON that have that amount of withdrawal fee. When I checked my account on one exchange (not binance), the fee is the same for the other networks as TRC20, so if it's with the USDT and choosing any other networks, arb, matic, and the others. The fees are the same for $1 but this is coming from the exchanges. This is why I belief that no matter how low the fees are but when the network is congested, there is no skipping on the lines and they'll have the same issues with the others. But typically, the transactions outside exchanges, they are cheap though when I'm about to try it with bsc.
It is rare for a service to suspend withdrawals from a cryptocurrency wallet due to congestion, even in the case of Bitcoin, high fees were imposed or even attempts were made to delay transactions and other solutions, since the end user is the one who bears those fees and not the platform. Therefore, this suspension is related to maintenance in the withdrawal system.
Really unusual of the transaction network being on suspense but in the case regarding that it was a consequence of maintenance and services, we can always consider the inconveniences to be of the network users benefits for smooth and secured transactions.
I learnt that as much as bitcoin is being more adopted on daily basis, users are being overcrowding the network with transactions so, based on technical reviews, services to accommodate such latitude would be required to put in place.
As for the over charge of transaction fees as a result of congested networks, personally it feels bad to be experienced yet the transaction is not going smoothly.
while TON neither supposing to serve lesser transaction fees has been suspended on this day as a case of congested transactions.
Or maybe because they arrested Pavel Durov in France and they are waiting to see what happens with him and with TON blockchain.You should not use Binance or any other centralized exchanges as a wallet, your coins can get confiscated at any time and service can be hacked.
TON was one of the best for transaction fee but recently exchanges have taken advantage it and increase the fee very high. Kucoin was not charging anything from transaction and it was only the memo tag issue was there but now they are charging $1 per transaction which is very bad. Well most of us are not using kucoin again because of the non availability of the local p2p but some are using it to make other cryptocurrency transaction apart from the trading P2P.
If Binance is integrating TON to their service, there was no need for suspension and this is the first time I am seeing such thing. They would have done everything before launching it if they have not done it before.
If Binance is integrating TON to their service, there was no need for suspension and this is the first time I am seeing such thing. They would have done everything before launching it if they have not done it before.
It is rare for a service to suspend withdrawals from a cryptocurrency wallet due to congestion, even in the case of Bitcoin, high fees were imposed or even attempts were made to delay transactions and other solutions, since the end user is the one who bears those fees and not the platform. Therefore, this suspension is related to maintenance in the withdrawal system.
Ongoing issues on transactions and hike of transaction fees.
Currently the fee charged by Tether (USDT) is $2 and there is a bit of a traffic jam when making transactions or transfers, I refer to the notification they sent five days ago.With logical reasons.
Quote
By 2024, Tether (USDT) will process a massive $25 trillion in transactions. This volume surpasses the number of transactions handled by traditional payment processors such as Visa and Mastercard, which handle $17 trillion and $9 trillion respectively. This incredible figure highlights the growing relevance of Tether.
Network fees, often called “gas prices”, are critical to efficient USDT transactions. These fees depend on blockchain technology and current network traffic.
Monitor Network Activity: You can use online tools to check network congestion in real-time, helping you choose cheaper times to send USDT.
Network fees, often called “gas prices”, are critical to efficient USDT transactions. These fees depend on blockchain technology and current network traffic.
Monitor Network Activity: You can use online tools to check network congestion in real-time, helping you choose cheaper times to send USDT.
For the reasons above, so I don't really bother with additional fees of $1 to $2 in one transaction, for me this is normal with volumes above the basic capacity, Maybe this factor is caused by higher Bitcoin costs so many users switch to Tether (USDT). I'm sure this problem will return to normal when the market situation stabilizes.
It is devastating to see that the TRC-20 network$1 transaction fee has become a $2 transaction fees on this day while TON neither supposing to serve lesser transaction fees has been suspended on this day as a case of congested transactions.
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Little amount of transactions would really suffer on this. Just hope the domain is cleared soonest for smooth transactions and the less fees should be considered.
Yeah, found Kucoin have increased withdrawal fees too although i'm not regularly using it so its fine. While TON is still working there with $1 fees, which i guess the lowest of all the network supporting USDT. ...
Little amount of transactions would really suffer on this. Just hope the domain is cleared soonest for smooth transactions and the less fees should be considered.
I guess just like the reply above with Binance maintenance on TON network integration, it should be fine soon.
Binance is doing an upgrade on their Ton integration, that why it's currently suspended. They've also been experiencing some website issues over the last 15-30 minutes. It's best to state it to be a Binance issue.
You should not display your wallet balance on the internet for privacy and security reasons.
You should not display your wallet balance on the internet for privacy and security reasons.
It is devastating to see that the TRC-20 network$1 transaction fee has become a $2 transaction fees on this day while TON neither supposing to serve lesser transaction fees has been suspended on this day as a case of congested transactions.
.
Little amount of transactions would really suffer on this. Just hope the domain is cleared soonest for smooth transactions and the less fees should be considered.
.Little amount of transactions would really suffer on this. Just hope the domain is cleared soonest for smooth transactions and the less fees should be considered.
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