No withdrawal on Binance! Is Binance new HitBTC?

[FAtrader]

Hello!

Recently I was trying to withdraw from my Binance account, but the exchange denied...

The exchange demands new verification(video-verification) . Though I use the same browser as well as a withdrawal
address. Also I didn’t change my password.

It is not a big amount of cryptocurrency, there’s no need in new documents with a sum under 2BTC.
Besides, I checked limit facility raise to 100BTC last year and I passed.

I logged in few months later after level2 verification and a deposit BTC and I saw my limit for withdrawal was cut from 100 BTC to 0
and it demands one more check, requires more documents.

It seems that Binance wants to follow in the footsteps of HitBTC and selectively closes withdrawal with more
information requests.
For instance, in the spring HitBTC blocked withdrawal of developer Luke Dash Jr. ( https://twitter.com/lukedashjr/status/1111219680985919488 )
and crypto-blogger Crypto Monk and other users: https://www.ccn.com/hitbtc-users-shout-fraud-kyc/
Binance tries not to choose well-known people for withdrawal blocking. For now.

Your currency on Binance are not your currency.

If anyone knows a better way to spotlight the situation – you are welcome!

[AB de Royse777]

I just logged in into my Binanace after seeing this and it seems everything is okay for me. Only few days ago I needed to do a trade and after that I withdraw it to my wallet without any hassle.

Did they do it very recently like today or yesterday?

Your currency on Binance are not your currency.

It's not only for Binance it's true for any exchange or service which do you give you access of the private key.
There is already a saying, "not your private key not your coin"

[AdolfinWolf]

Hello!

It seems that Binance wants to follow in the footsteps of HitBTC and selectively closes withdrawal with more
information requests.

How exactly is binance related to HitBTC? Just because HITBTC *also* "selectively" enforce KYC on customers?

What country are you from?

I'm not quick nor keen to defend exchanges, but i doubt that Binance would be selectively scamming customers with KYC. They stand to lose a lot more than there is to gain. A single rogue employee who would leak proof of such instructions given by binance could sink Binance's entire reputation.

Rather, i think it has something to do with *obviously* your account activity, origin of funds, or perhaps your nationality?

If anyone knows a better way to spotlight the situation – you are welcome!

Reddit?  > https://www.reddit.com/r/binance/

[exstasie]

Rather, i think it has something to do with *obviously* your account activity, origin of funds, or perhaps your nationality?

Probably. Since his account was already verified, I imagine it wasn't a nationality issue. Most of the OP's posts are in Russian so I guess it's possible they are expanding their restrictions for OFAC sanctions. But I don't see why they would demand video verification then.

If they froze withdrawals directly after the last deposit, that points to an issue with origin of funds. Binance is working with multiple blockchain analysis companies now for AML purposes, so that's definitely a possibility.

I'm not sure under what exact circumstances they demand video verification. This is what they've said publicly:

Since you didn't provide any identifying information, I can't speak for your specific case, but the video is only required if you cannot complete the automated Face Verification process, or if there is further reason, after manual review, to assume your activity is suspicious.

OP, did you complete the "automated Face Verification process?"

[btc-facebook]

is it for all accounts, some accounts, or just your account?
because my account is smooth, and for verification it has also been level 2, the limit is 100 BTC, and I still smoothly withdraw it, there are no problems or updated regulations regarding data.
maybe because of regional policy or what, for sure I am still smooth, and this is usually a special reason from the binance.

[alan2here]

Hello!

Recently I was trying to withdraw from my Binance account, but the exchange denied...

The exchange demands new verification(video-verification) . Though I use the same browser as well as a withdrawal
address. Also I didn’t change my password.

It is not a big amount of cryptocurrency, there’s no need in new documents with a sum under 2BTC.
Besides, I checked limit facility raise to 100BTC last year and I passed.

I logged in few months later after level2 verification and a deposit BTC and I saw my limit for withdrawal was cut from 100 BTC to 0
and it demands one more check, requires more documents.

I think your account is problematic and you should complete KYC at this time because recently with many IEO projects so account censorship is something that Binance is doing very seriously this time. In my opinion, it doesn't matter if you are the owner of the property and Binance has reason to ask you to do so so don't worry too much about this matter.

[FAtrader]

I just logged in into my Binanace after seeing this and it seems everything is okay for me. Only few days ago I needed to do a trade and after that I withdraw it to my wallet without any hassle.

Did they do it very recently like today or yesterday?

Your currency on Binance are not your currency.

It's not only for Binance it's true for any exchange or service which do you give you access of the private key.
There is already a saying, "not your private key not your coin"

They closed withdrawal few weeks ago. I got it just right now that they are not going to pay back.
They set low limit of withdrawal not from 100 BTC to 2 BTC but from 100 BTC to 0.

[FAtrader]

Hello!

It seems that Binance wants to follow in the footsteps of HitBTC and selectively closes withdrawal with more
information requests.

How exactly is binance related to HitBTC? Just because HITBTC *also* "selectively" enforce KYC on customers?

What country are you from?

I'm not quick nor keen to defend exchanges, but i doubt that Binance would be selectively scamming customers with KYC. They stand to lose a lot more than there is to gain. A single rogue employee who would leak proof of such instructions given by binance could sink Binance's entire reputation.

Rather, i think it has something to do with *obviously* your account activity, origin of funds, or perhaps your nationality?

If anyone knows a better way to spotlight the situation – you are welcome!

Reddit?  > https://www.reddit.com/r/binance/

They block users selectively even those who passed a KYC verification(with selfie) like me.

[FAtrader]

Rather, i think it has something to do with *obviously* your account activity, origin of funds, or perhaps your nationality?

Probably. Since his account was already verified, I imagine it wasn't a nationality issue. Most of the OP's posts are in Russian so I guess it's possible they are expanding their restrictions for OFAC sanctions. But I don't see why they would demand video verification then.

If they froze withdrawals directly after the last deposit, that points to an issue with origin of funds. Binance is working with multiple blockchain analysis companies now for AML purposes, so that's definitely a possibility.

I'm not sure under what exact circumstances they demand video verification. This is what they've said publicly:

Since you didn't provide any identifying information, I can't speak for your specific case, but the video is only required if you cannot complete the automated Face Verification process, or if there is further reason, after manual review, to assume your activity is suspicious.

OP, did you complete the "automated Face Verification process?"

Automated Face Verification process?   Selfie with ID? Yes,  complete.

[enhu]

I just logged to my binance as well. Nothing seem new, I withdraw 0.05 its a praction non will bother to block my account for such amount but I do believe we have the same kind of account and had passed KYC before. It didn't asked video KYC though. It would be tough of them to do that. But if they ask I may just have to comply within.

[jrrsparkles]

Hello!

Recently I was trying to withdraw from my Binance account, but the exchange denied...

The exchange demands new verification(video-verification) . Though I use the same browser as well as a withdrawal
address. Also I didn’t change my password.

It is not a big amount of cryptocurrency, there’s no need in new documents with a sum under 2BTC.
Besides, I checked limit facility raise to 100BTC last year and I passed.

I logged in few months later after level2 verification and a deposit BTC and I saw my limit for withdrawal was cut from 100 BTC to 0
and it demands one more check, requires more documents.

It seems that Binance wants to follow in the footsteps of HitBTC and selectively closes withdrawal with more
information requests.
For instance, in the spring HitBTC blocked withdrawal of developer Luke Dash Jr. ( https://twitter.com/lukedashjr/status/1111219680985919488 )
and crypto-blogger Crypto Monk and other users: https://www.ccn.com/hitbtc-users-shout-fraud-kyc/
Binance tries not to choose well-known people for withdrawal blocking. For now.

Your currency on Binance are not your currency.

If anyone knows a better way to spotlight the situation – you are welcome!

If you are trading after very long time are just used VPN while log into your balance account you faced this situation.

But you cannot consider this as a scam because they even hack recently about 40 million dollar but they refund every amount last from the traders so it's just security measure to save your account from hacks so just simply pass the video verification and your account will be safe.

[FAtrader]

I:              I want to set higher limit of withdrawal from 2BTC to 100BTC and pass a verification.
Binance:    Ok, send documents for verification.
I:             Sent!
Binance:    We accepted your documents and set higher limit up to 100 BTC.


Few months later, after crediting bitcoins to an exchange account...


I:             Why did you set lower limit of withdrawal from 100BTC to 0?
Binance:    Documents we have are not enough, please, send us your video.
I:             I want to stop working with you and withdraw my bitcoins.
Binance:    send us your video.

[.gustafson]

Hello!

Recently I was trying to withdraw from my Binance account, but the exchange denied...

The exchange demands new verification(video-verification) . Though I use the same browser as well as a withdrawal
address. Also I didn’t change my password.

It is not a big amount of cryptocurrency, there’s no need in new documents with a sum under 2BTC.
Besides, I checked limit facility raise to 100BTC last year and I passed.

I logged in few months later after level2 verification and a deposit BTC and I saw my limit for withdrawal was cut from 100 BTC to 0
and it demands one more check, requires more documents.

It seems that Binance wants to follow in the footsteps of HitBTC and selectively closes withdrawal with more
information requests.
For instance, in the spring HitBTC blocked withdrawal of developer Luke Dash Jr. ( https://twitter.com/lukedashjr/status/1111219680985919488 )
and crypto-blogger Crypto Monk and other users: https://www.ccn.com/hitbtc-users-shout-fraud-kyc/
Binance tries not to choose well-known people for withdrawal blocking. For now.

Your currency on Binance are not your currency.

If anyone knows a better way to spotlight the situation – you are welcome!

I guess all these people (including Crypto Monk, Luke Dash, etc) should have contacted the support team to solve the problem. If the people you mentioned decided not to provide this data, then they don't care about their money. This is how it goes for any exchange, unfortunately.

[akram143]

I:              I want to set higher limit of withdrawal from 2BTC to 100BTC and pass a verification.
Binance:    Ok, send documents for verification.
I:             Sent!
Binance:    We accepted your documents and set higher limit up to 100 BTC.


Few months later, after crediting bitcoins to an exchange account...


I:             Why did you set lower limit of withdrawal from 100BTC to 0?
Binance:    Documents we have are not enough, please, send us your video.
I:             I want to stop working with you and withdraw my bitcoins.
Binance:    send us your video.

So you are saying that you are not even let to withdraw that 2 bitcoins per day limit?

But you alone facing this problem.

Are you sure that you deposited to the right site?

[milewilda]

Have you already reached their support? Ask them on what are the violation you had made why they do ask out more verification and also you are transacting less than of 2btc daily limit.
I have logged my account but everything works fine in the end.Its odd for a top tier exchange to lock up an account which having small balance which didnt able to reach 2+btc.
For sure there are violations you have committed.

[vintages]

I also checked up my account now too, seems normal to me.
I agree with the user above me, message support to check up what caused the exact issue. Probably they noticed a change in IP or suspicious activities related to the account. With the many hackings happening in exchanges, they are being more careful. You don't blame them though.

I have not have issues trading with Binance  (I hope, I don't in the future).

[Adriano2010]

You should check with support what is the problem, i never had any problem on Binance. If they ask kyc you should do it but as i know you can withdraw 2 btc every 24 hours without kyc. After you check with support please update the here and let us know what was the problem.

[creeps]

You requested to upgrade your limit and binance granted it, though there’s a new requirements maybe because of the hack incidents thats why they add more requirements. Send your video if you have nothing to hide, they needed it for sure or maybe they saw a suspicious activity with you account. So far I can still withdraw on my Binance without experiencing the same issue with you.

[FAtrader]

Have you already reached their support? Ask them on what are the violation you had made why they do ask out more verification and also you are transacting less than of 2btc daily limit.
I have logged my account but everything works fine in the end.Its odd for a top tier exchange to lock up an account which having small balance which didnt able to reach 2+btc.
For sure there are violations you have committed.

They said that the browser changed, but I haven't changed my browser lately.

[FAtrader]

You should check with support what is the problem, i never had any problem on Binance. If they ask kyc you should do it but as i know you can withdraw 2 btc every 24 hours without kyc. After you check with support please update the here and let us know what was the problem.

They block accounts selectively with small deposits(<1btc) where the user doesn't log during month.
Your account is not blocked now, but they may block any account without serious reasons.

I reccomend you to keep your money at your PC, but not at the Binance.