Binance... is this place a scam?

[COLT601]

A little nervous. Last night I bought 600 shares of IOTA which went up significantly today. I logged back in to move them off the Binance exchange and it is telling me that my withdraws are suspended due to "network congestion." I also have a small balance of ETH that has the same message.

[tsaroz]

A little nervous. Last night I bought 600 shares of IOTA which went up significantly today. I logged back in to move them off the Binance exchange and it is telling me that my withdraws are suspended due to "network congestion." I also have a small balance of ETH that has the same message.

They might be having some issues. I'm using binance for months without any issues other than occasional suspension of withdraw or deposit or both. Though I haven't logged in for a few days, I would vouch for the exchange to be one of the most professional one. (Other exchanges have way more issues)

[COLT601]

A little nervous. Last night I bought 600 shares of IOTA which went up significantly today. I logged back in to move them off the Binance exchange and it is telling me that my withdraws are suspended due to "network congestion." I also have a small balance of ETH that has the same message.

They might be having some issues. I'm using binance for months without any issues other than occasional suspension of withdraw or deposit or both. Though I haven't logged in for a few days, I would vouch for the exchange to be one of the most professional one. (Other exchanges have way more issues)

Thanks! That makes me feel better

[zopopo]

Also keep in mind because of serious IOTA boom and an update they are slower than usual. Not something to trip over. Stay up.

[crimealone]

Binance is fine as an exchange.
But you can also call it pump & dump manipulator.

[lkjhg]

Binance is a very good game, likelihood binance can be a serious rival for bittrex, there is no reason to say binance SCAM.
Bittrex is much more severe than binance, now most accounts can not withdraw

[Herlina]

A little nervous. Last night I bought 600 shares of IOTA which went up significantly today. I logged back in to move them off the Binance exchange and it is telling me that my withdraws are suspended due to "network congestion." I also have a small balance of ETH that has the same message.

Don't worry. Withdrawal problem occurs because Binance will upgrade the system today https://support.binance.com/hc/en-us/articles/115003154972-System-Upgrade-Notice-

[gredisgold88]

just a small trouble . do not panic , sometimes panic a makes us regret at the end. binance will be fine.

[silent17]

A little nervous. Last night I bought 600 shares of IOTA which went up significantly today. I logged back in to move them off the Binance exchange and it is telling me that my withdraws are suspended due to "network congestion." I also have a small balance of ETH that has the same message.

They are not scam, I'm also using it for quite a while now and before I use it i also ask someone if this trading site was legit. I think they currently have problems in withdrawal on some of the token/coins. Like for example ETH, but now ETH issue with regards to withdrawal is already fixed and you can already withdraw your funds.

[betlord90]

A little nervous. Last night I bought 600 shares of IOTA which went up significantly today. I logged back in to move them off the Binance exchange and it is telling me that my withdraws are suspended due to "network congestion." I also have a small balance of ETH that has the same message.

Don't get panic easily maybe there so many withdrawal request happening when you execute your withdrawals on binance and just try to withdraw again later or maybe tomorrow to see if that problem still occur, And also try to grab some support answer so that you can get an idea on why that error occurs when you try to withdraw your tokens.

[Nivir]

Good to hear peoples opinions and experiences in Binance. I am also planning to move some of my funds or perhaps if it is better I will relocate my main trades there. Hoping Binance will continue to add fundamentally strong coins at fast pace so we can have more options.

[Prodigan786]

It’s common with all the exchanges I am using etherdelta which was down for 2 days , hitbtc it had issue with usdt for 2 or more days even most of the exchanges I used I faced this kind of small technical glitch everywhere binance is most reputed exchange no worries.

[jlaakso]

I use mainly Kraken and Binance. Binance has never let me down, not even when BTC spiked over 10k the first time and there was lot of congestion in the networks. Kraken on the other hand.. But Binance is not a scam, it has served me very well during last few months.

[koss032]

I haven't had any trouble with Binance before. But I haven't traded IOTA. I've read about other traders having issues withdrawing IOTA on Binance but it's likely a temporary issue.

[neatworld]

It appears that the whole site is down. I'm getting a 504 Gateway Time-out message for it

[neatworld]

Hello, is anyone else experiencing very slow deposit times for Binance? I moved some ETH there and usually I can track the verification on my account but this time, I see absolutely nothing.

[jlaakso]

Hello, is anyone else experiencing very slow deposit times for Binance? I moved some ETH there and usually I can track the verification on my account but this time, I see absolutely nothing.

This is propably due to ETH network congestion, not binance: https://www.coindesk.com/loveable-digital-kittens-clogging-ethereums-blockchain/

[neatworld]

Thank you so much for that info! I had no idea

[IlfarIldarovich]

Binance a good exchange ,all the problems have occurred because of network congestion

[blozo]

I've used Binance for few months and never had any issues. Then it is true that since a week it is not possible to withdraw IOTA due to some network issue