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❕NEWS Binance Temporarily Suspends Ethereum (ETH) and ERC20 Withdrawals

aryan4

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Bitcoin and cryptocurrency exchange Binance has announced that it has temporarily suspended withdrawals of Ethereum (ETH) and ERC20.
The following statements were used in the statement made on Twitter:
---- “Binance temporarily suspended the withdrawal of ETH and Ethereum-based tokens to resolve a congestion issue. Peace of mind is that the funds are safe, we apologize for the inconvenience. ”----
What do you think about this temporary practice that investors react to?
 

leithy

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Not sure if this has anything to do with the problem at Binance exchange at the moment. I cannot access main page to show wallet assets. Has this move frozen Binance exchange?
 

aryan4

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Not sure if this has anything to do with the problem at Binance exchange at the moment. I cannot access main page to show wallet assets. Has this move frozen Binance exchange?
I think there is a different situation. When I saw your message, I realized there was a general problem. In general, I do margin transactions frequently and I haven't seen my assets on the screen for a while. ?
 

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I accessed Binance this morning to check on assets but when I try to check tonight I cannot see any assets and rest of tabs on page will not open. If you have an access problem then probably likely a problem with Binance rather than account having been hacked. I have not received an email stating there was access to account earlier and I have SMS security for withdraw so hoping everything ok.
 

Niftyicon

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Binance has these issues sometimes, so I don't really see this as new anymore. The good thing is that it is always taken care of quickly enough.
 

aryan4

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I accessed Binance this morning to check on assets but when I try to check tonight I cannot see any assets and rest of tabs on page will not open. If you have an access problem then probably likely a problem with Binance rather than account having been hacked. I have not received an email stating there was access to account earlier and I have SMS security for withdraw so hoping everything ok.
I only hold USDT deposits on the Binance exchange and trade with this unit. And right now I don't see any of my presence. I'm not worried, but I can't do anything. I hope this problem gets fixed quickly. I will be glad if you write here when there is progress or improvement.
 

aryan4

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Binance has now made the following statement.
---- “There is an AWS problem affecting many exchanges. Binance barely survived, but few users said they had trouble connecting to their accounts. We are currently working on this. ”----
 

leithy

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Just to update to put others at ease. I have now accessed full Binance site and all assets are showing. I had checked for news on Twitter earlier but could not find anything and could not contact them hence my first post.
 

aryan4

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It was unpleasant but now I have checked it and everything seems normal in my account. I hope we won't run into any other interruptions and account issues that last this long.
 

BullyMaguire

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I think it's just normal.. nothing fearsome about this because exchangers usually do this whem there's an error on their side. Im sure funds are safe snd they aren't freezing them
 

Wisdom01

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I think its normal now , they have once had issues like that but were very quick to solve it , so don't worry if they have any issues as such they would probably do something about it
 

Brain

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I think its normal now , they have once had issues like that but were very quick to solve it , so don't worry if they have any issues as such they would probably do something about it
I knew the issue will not linger for long without them resolving it. It does happen to even the very best it just a matter and everything returns to normalcy which has happened already with binance
 

Wisdom01

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I knew the issue will not linger for long without them resolving it. It does happen to even the very best it just a matter and everything returns to normalcy which has happened already with binance
But i noticed it that binance have been having issues like this always i just hope they could end this quickly i think ,since that would be much better
 

Brain

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But i noticed it that binance have been having issues like this always i just hope they could end this quickly i think ,since that would be much better
The issue have been resolved already and everything is back to normal. It might just be a little hitches and it had been rectify so the sire is up and running now
 

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I have Binance account, but do not have any crypto there, so that is not a problem for me; I was waiting for proper time as right now I only have TRX and XRP. However ETH is already no to me due to high gas fees, so that problem might be due to same.
 

leithy

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The problem did not last long but when you access your account and it shows no funds then you do get worried. Binance is a good site but could not find any news of the problem on any media site, email or Binance itself.
 

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The problem did not last long but when you access your account and it shows no funds then you do get worried. Binance is a good site but could not find any news of the problem on any media site, email or Binance itself.
Keep this on records, Finance although the most trusted, it should inform everything about its site to members and also tweet the situation to keep the user updated. Finance did wrong by not updating.
 

Rollerkid

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Not sure if this has anything to do with the problem at Binance exchange at the moment. I cannot access main page to show wallet assets. Has this move frozen Binance exchange?
Yeah, there was a general problem on last Friday and they decided to stop withdrawals of etherum and the other ERC-20 tokens temporarily to fix the issue quickly.
 

Josemendez

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Well I believe this is something that is worth doing so that users who placed those withdrawal will be satisfied first before allowing further transaction.
 

achawaskey

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I see nothing wrong with it, they did that so they can clear the accumulated withdrawal request and maintain the number of hours the money will hit your wallet.
 
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