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Binance Temporarily Disables All Crypto Withdrawals

Mon, 11/01/2021 - 12:06
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Arman Shirinyan
Withdrawals are currently not available
Binance Temporarily Disables All Crypto Withdrawals
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Binance has temporarily disabled all withdrawals from the platform due to technical issues. According to the Twitter announcement, the team is already working on the problem.

At press time, the technical reason has not been specified. The issue may be tied to the problem with backlogs caused by network congestion.

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Currently, most exchanges are facing large funds outflows, which creates a significant load on the exchange's engine and servers. A more detailed report on the problem is yet to be released.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.