How long does Binance usually keep funds on hold and what factors contribute to this?

2 answers

• Jemi RiosAug 03, 2024 · a year ago
  As an expert in the field, I can tell you that Binance is known for its commitment to security and compliance. The holding period is an essential part of their risk management strategy, and it helps protect users from potential fraud and illegal activities. By carefully assessing various factors, Binance aims to strike a balance between security and convenience. While the holding period may cause some inconvenience for users, it is a necessary measure to maintain the overall integrity of the platform. If you have any specific concerns about the holding period, I recommend reaching out to Binance's customer support for further assistance.
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• James HyattApr 10, 2023 · 3 years ago
  As a representative of BYDFi, I cannot provide specific information about Binance's holding period. However, I can assure you that Binance is a reputable and trustworthy exchange that prioritizes the security and safety of user funds. The holding period is a standard practice in the cryptocurrency industry to prevent fraudulent activities and protect users. If you have any concerns about the holding period, I recommend contacting Binance directly for more information.
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