Users in the United States still can't use the international Binance platform. Binance.US was formed in 2019 in response to Binance's decision to stop accepting U.S. No, they are different platforms intended for different users.In addition, Binance has partnered with third parties to allow users to buy coins using Single Euro Payments Area, or SEPA, payments or bank transfers.Binance also accepts debit and credit cards for purchasing dozens of cryptocurrencies for a fee. Peer-to-peer trading connects buyers and sellers and accepts multiple payment options. Binance offers a simplified platform that lets you exchange fiat for bitcoin and other cryptos through different methods. Binance allows trades, deposits and withdrawals in over 350 types of crypto, including bitcoin, tether, chainlink, ethereum and litecoin.Which cryptos are available on Binance?.Over the last seven days, it’s down a little over 2%.Here are the answers to some of the most frequently asked questions about Binance. The Binance Twitter account described the events as a “learning opportunity.”īitcoin dropped around 3.8% from Sunday to Monday, with the price hovering around $27,900 at the time of publication. No way for me to confirm any… /qLQ1VQBlE1- John Reed Stark May 7, 2023 Now, I just read an, albeit 100% unconfirmed, report that the halt occurred right after $3.3 billion $BTC in aggregated account withdrawals from multiple exchanges. “Trust is nonexistent in the crypto ecosystem.”īinance has apparently/reportedly halted withdrawals citing network congestion. team of auditors would be on site and in Binance’s face, demanding to speak to everyone, demanding documents, demanding trading info, immediately investigating and referring any suspicious conduct to the U.S. “If Binance was SEC or FDIC registered, a U.S. Without clear oversight, he wrote on Twitter, it is impossible to verify the causes for the withdrawal pause. One analyst told CoinDesk that Bitcoin users are increasingly using the blockchain for smaller transactions rather than larger trades, which is leading to congestion and higher fees.Īs John Reed Stark, a former enforcement attorney at the Securities and Exchange Commission, noted, the episode reflects the risks of regulatory uncertainty. Fees have risen to two-year highs, largely driven by demand for “memecoins,” or crypto tokens created for speculation and humor, as well as the growing popularity of ordinals-non-fungible tokens embedded in Bitcoin transactions. □♂️□ (the screenshot is a google translate version) /iYcEx22xMJ- CZ □ Binance May 8, 2023Īlthough Binance’s announcements took center stage on Sunday, the turbulence reflected a hectic time for Bitcoin, the largest cryptocurrency by market cap. Bitcoin network fees are fluctuating, 18x in a month. There are some FUD about BTC withdrawal issues. “This is why it’s important for traditional media to hold on writing stories based solely on group think and FUD accounts they see on Twitter,” Hillmann wrote.Ĥ. The Binance Twitter account described the outflows as movements between Binance wallets. Patrick Hillmann, Binance’s chief strategy officer, shared a Twitter post that attributed the apparent outflows to Bitcoin being sent to new addresses on Binance, although withdrawals from the exchange still likely totaled nearly $300 million.
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