What are the reasons behind Binance suspending Cardano withdrawals?

3 answers

• Petterson JerniganFeb 19, 2024 · 2 years ago
  Binance suspended Cardano withdrawals due to a technical issue with the Cardano network. The network was experiencing high congestion and delays, which affected the withdrawal process. Binance took this precautionary measure to ensure the safety and security of its users' funds. They are working closely with the Cardano team to resolve the issue and resume withdrawals as soon as possible.
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• Bean MorseFeb 28, 2024 · 2 years ago
  The suspension of Cardano withdrawals on Binance is temporary and is not specific to Cardano alone. Binance has a strict policy of suspending withdrawals for any cryptocurrency that experiences technical issues or network congestion. This is done to protect users' funds and prevent any potential loss or theft. Once the technical issues are resolved, Binance will lift the suspension and allow withdrawals again.
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• Nanda PermanaMar 19, 2021 · 5 years ago
  As a representative of BYDFi, I can provide some insights into the reasons behind Binance suspending Cardano withdrawals. Binance is known for its commitment to security and user protection. When they detect any potential risks or technical issues, they take immediate action to safeguard users' funds. The suspension of Cardano withdrawals is a proactive measure to prevent any potential loss or theft. Binance is actively working with the Cardano team to address the issues and ensure a smooth withdrawal process for its users.
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