Binance Temporarily Suspended Work with Bytecoin!

[Kjara]

Hot news from The Coin Shark:

At present, the input and output of Bytecoin digital assets on the Binance cryptocurrency trading platform are accompanied by technical failures. This was announced by the CEO of the cryptocurrency exchange, Changpen Zhao, in his Twitter.
Binance Temporarily Suspended Work with Bytecoin

Here is the official update from Binance:
Bytecoin(BCN) Deposit Issue Announcement

[kindbtc]

They were a lot of complains about transfer delays and issues regarding bytecoin so i think they will try to solve the issues and then reopen the normal functions, i think it is good for traders as binance has taken quick action about this issue.

[Kjara]

Here is notification on CoinMarketCap:

BCN is currently under maintenance or experiencing wallet issues. Deposits and withdrawals are disabled.

[andrejka]

Bytecoin didn't cope with such an increase of transactions in their blockchain. It's not a good indicator for a cryptocurrency, showing that they are not ready for such a challenge.

[JeffBrad12]

Bytecoin didn't cope with such an increase of transactions in their blockchain. It's not a good indicator for a cryptocurrency, showing that they are not ready for such a challenge.

The vulnerability of bytecoin already discovered and that's why binance is blocking any bytecoin deposit. Man, look at another thread and how some people are using this current situation to promoting a new coin that similar to the bytecoin.
I guess people should move to the future coin just like ethereum. 

[Kjara]

Bytecoin didn't cope with such an increase of transactions in their blockchain. It's not a good indicator for a cryptocurrency, showing that they are not ready for such a challenge.

The vulnerability of bytecoin already discovered and that's why binance is blocking any bytecoin deposit. Man, look at another thread and how some people are using this current situation to promoting a new coin that similar to the bytecoin.
I guess people should move to the future coin just like ethereum.  

Totally agree that ETH would be much more safe and perspective investment.

Found an old but interesting review about shady and deceptive genesis of the ByteCoin:
https://www.cryptocompare.com/coins/bcn/post/p_226940/BTC

[DevelopmentBank]

I guess thats why the BCN pump was, like most pump and dump scamcoins, short lived. Congratulations to those who were able to sell BCN at the peak and better luck next time to all the new BCN bagholders (you will be holidng for a long time). 

I really don't understand why people continue investing in a shady coin like this which has been proven to be involved in scams. Just saying..

[shahani]

It is actually a good actions to solve any problem that connected to binance transactions, and the suspensions is only a temporary, because binance is one of trusted exchanger and a secured exchanger, however everything are not perfect, so sometimes we also consider some failures happened in every transactions that connected to cryptocurrency business.

[tahsanabir]

This is really a good step and suspension is only a temporary reason, Binas is a trusted exchanger and safe.

[Kjara]

Today I see ByteCoin actively trading on Binance, HitBTC and other exchanges.
So looks like the suspicious issue is solved?

[siddartha1492]

I am wondering if Turtlecoin, the fork of Bytecoin has any chance to get listed on Binance as well. It is still pretty easy to mine it using a 4 core CPU.

[olubams]

Bytecoin didn't cope with such an increase of transactions in their blockchain. It's not a good indicator for a cryptocurrency, showing that they are not ready for such a challenge.

You don't know how prepared you are for a challenge until you faced it. All of those that seems they are ready for the challenge is because what they are facing was what they have prepared for. Challenge will come yes but what matter is how its being handled. Bytecoin is one that have overcome several challenges since the time it launched till this time which is what should be commended and I am sure the developers are working to ensure that this is put behind them.