Deposit Address Temporarily Unavailable

[Nwada001]

I just dropped from a call now with a friend who just complained to me about his Binance account getting deposit restricted, like he's no longer allowed to make any form of deposit to the exchange, but the withdrawal option is open. He's the third person whom I have seen encounter the same issue, and yet none among them were told the reason for such action by Binance.

Is there anyone here using the exchange, and have you checked if you get such restrictions.

Deposit Address Temporarily Unavailable
In line with the requirements set out in our Terms of Use, please be advised that we will discontinue your access to our services. You will continue to be able to withdraw your funds. However, you will not be able to deposit new assets. If you have mistakenly made a deposit, please follow this FAQ for the Deposit Appeal process. (https://www.binance.com /en/support/faq/how-to-retrieve-the-deposit
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[Wiwo]

This may be due to some regional restrictions to binance services, if you are using binance in countries where binance have some regulatory crisis like Nigeria you should know that you are at risk of possible closer of account at any time, so binance did well to have allowed you to withdrew your balance from the exchange.

So for sure just take your asset off centralized exchange and hold them in your own wallet where you have your keys and recovery access, but in your case, your deposit restrictions is probably one of the reasons I mentioned above.

[Oshosondy]

I think your local board would be appropriate for this to know maybe they do not want to allow people from your country to use their exchange anymore but I doubt it because they would have made it known to the public. But who knows if they just want to do it silently, but this would be strange if true.

I guess those people violated one of their rules. Like using VPN and set the location to restricted country like United States. This once happened to me on MEXC. As for Binance, I was told to get verified with the 3rd level verification or so at the time. Luckily I used an address of the hostel I was in the past in another state and it got accepted.

I have 2 positions opened on the exchange right now.

[Nwada001]

I think your local board would be appropriate for this to know maybe they do not want to allow people from your country to use their exchange anymore but I doubt it because they would have made it known to the public. But who knows if they just want to do it silently, but this would be strange if true.

I could have actually made this post in my local board if only this was an issue affected by us alone, but a friend of mine in this forum has also experienced such; he's not from my local area, and recently Shasan also just made a change in all his wallet addresses for his loan thread, which could also be due to the same issue.

Why Binance chose to restrict a few individuals' accounts is what I don't understand, and none of the affected members seem to get a valid explanation from them. For the record, my Binance is still very much active, and I have not seen any such warning.

[Lida93]

This may be due to some regional restrictions to binance services, if you are using binance in countries where binance have some regulatory crisis like Nigeria you should know that you are at risk of possible closer of account at any time, so binance did well to have allowed you to withdrew your balance from the exchange.

I stopped using binance from the very moment they announced about their shutdown of their services within the region of Nigeria due to the imbroglio that occurred between binance and the federal government of Nigeria. I think binance was lenient enough to still give that users an opportunity to withdraw all his assets in his Nigeria binance account even after about a year now since they cut off their services to Nigerians in Nigeria.  

And yes, Op should advise his friend to withdraw all his assets to another reputable exchange but make sure to use self custody wallet instead of using a centralized exchange in hodling his assets.

[shasan]

I stopped using binance from the very moment they announced about their shutdown of their services within the region of Nigeria due to the imbroglio that occurred between binance and the federal government of Nigeria. I think binance was lenient enough to still give that users an opportunity to withdraw all his assets in his Nigeria binance account even after about a year now since they cut off their services to Nigerians in Nigeria.  

And yes, Op should advise his friend to withdraw all his assets to another reputable exchange but make sure to use self custody wallet instead of using a centralized exchange in hodling his assets.

Many people like me want to stop using it, but they can't as Binance has the maximum benefit compared to other exchanges. For your information, Binance has stopped doing business with its users from several countries, but it has not locked any funds from its end. The users may withdraw their funds anytime, and there is no restriction.

[Potato Chips]

Why Binance chose to restrict a few individuals' accounts is what I don't understand, and none of the affected members seem to get a valid explanation from them. For the record, my Binance is still very much active, and I have not seen any such warning.

Accounts can be reviewed on a case to case basis. I'm sure there are other things they look into aside from regions. Who knows what those group of people had in common to be flagged. This is not the first time I've seen binance or other CEx be secretive or at least be vague as hell when it comes to specific policies folks apparently broke or does not meet.

But at the very least, I'm glad binance is letting the user withdraw without going through KYC nightmare.

[Danica22]

Didn't you get any warning message from Binance before they set your account to withdraw-only mode?

The same thing happened to me. Now I can only withdraw funds, except for deposits and trading.

But they sent me a warning message before limiting my account to withdraw-only mode..



Now My account is Withdraw Only mode as like as you.
I then contacted support, and they responded very quickly, usually within 10 minutes. Then they told me step by step all the rules and regulations on how I can get my account back.

I suggest you open a support ticket and ask them how you could get back your account, I think they will give you a proper solution.

[Oshosondy]

Many people like me want to stop using it, but they can't as Binance has the maximum benefit compared to other exchanges.

I am using many exchanges before I know that Binance do not really have maximum benefits compared to some exchanges. Bybit has the best design and give best trading experience. I have not gotten verified on MEXC and it has the lowest fee while trading and a place to look for more shit coins but which newbies that do not know about market manipulation and highly volatility should avoid. While trading I can list some features on exchanges like Bybit that Binance does not have but Binance is not bad either. For P2P, I do not complain of any because I can not be scam even on decentralized exchange P2P.

Or what did Binance offer that the other well known exchanges are not offering?

[BitMaxz]

Didn't you get any warning message from Binance before they set your account to withdraw-only mode?

The same thing happened to me. Now I can only withdraw funds, except for deposits and trading.

But they sent me a warning message before limiting my account to withdraw-only mode..



Now My account is Withdraw Only mode as like as you.
I then contacted support, and they responded very quickly, usually within 10 minutes. Then they told me step by step all the rules and regulations on how I can get my account back.

I suggest you open a support ticket and ask them how you could get back your account, I think they will give you a proper solution.

Based on the image you share it seems they are asking  again for KYC. I believe the reason is that your ID has expired, as mine has not yet expired and I have never received that warning, but I am still able to deposit and withdraw.

Is the ID you submitted before is expired? If not then maybe the reason is the source where your asset came from? Usually they don't allow casino funds and mixed coins. If you deposit mixed coins or funds from a casino, this could be the reason.

[Zaguru12]

I am using many exchanges before I know that Binance do not really have maximum benefits compared to some exchanges. Bybit has the best design and give best trading experience. I have not gotten verified on MEXC and it has the lowest fee while trading and a place to look for more shit coins but which newbies that do not know about market manipulation and highly volatility should avoid. While trading I can list some features on exchanges like Bybit that Binance does not have but Binance is not bad either. For P2P, I do not complain of any because I can not be scam even on decentralized exchange P2P.

Or what did Binance offer that the other well known exchanges are not offering?

Thank you for pointing this points out, I have continuously been making this argument long term ago that many exchanges today have features that binance seriously do not have and the gap between been the best exchange has been seriously narrowed, recently the biggest trait binance can boast of is been the biggest exchange in terms of users and volume on the exchange. If you’re are trader most especially futures I don’t see the reason why you need to stick hard to binance yet again.

The some of the advantages I think binance still holds aside been the largest exchange is the fact that they have the lowest fee charges when withdrawing coins on different exchanges, they support more network when depositing than most exchanges a clear example is the Segwit (nested and native ) network on bitcoin

[dkbit98]

I heard some people complaining, but I never used Binance after they introduced KYC and I never missed it a bit.
And after they arrested CZ and put him in prison (he probably had to give them something) Binance has only become worse.
I honestly don't see any big difference between having a bank account and binance account. 

[xLays]

I hope this doesn’t happen to us here in the Philippines because we’re already experiencing issues like Binance is inaccessible when using a PC and when using a smartphone, it's laggy or slow to load although still accessible. As of now, withdrawals and deposits are still working fine, but there’s already a lot of buzz about Binance here in the Philippines. There's talk that a local player is behind these disruptions which is why this is happening to Binance in my country.

If Binance also disables deposits her in the Philippines, I honestly wouldn't know where else to exchange my crypto to fiat. I rely only in Binance when it comes to converting crypto to fiat through P2P. It’s really convenient and has no fees.

[Hazink]

And yes, Op should advise his friend to withdraw all his assets to another reputable exchange but make sure to use self custody wallet instead of using a centralized exchange in hodling his assets.

You are contradicting your statement, using a reputable exchange and at the same time using a self-custody wallet, which are two separate services, unless you mean to say they should withdraw down to a reputable exchange and later send all assets to where they have total control of them.

I honestly don't see any big difference between having a bank account and binance account. 

Between Binance and Coinbase, which is worse to use and lose to the regulators over the other? I just consider all centralized exchanges that are regulated to be the same; they all have to report something down to their licensing authorities at the end of the day.

[JeromeTash]

I haven't used Binance In a while after my account was disabled, and they wanted me to update my KYC, but I have seen a few similar complaints from different people. Perhaps it's not a good thing to rely on only one exchange, especially if you are an active trade. One should have at least 4-5 back-up accounts in other exchanges just in case. When they disabled my account, I just logged into my other accounts and continued trading.

My worry right now is that the list of good less restrictive exchanges seems to be shrinking instead of increasing

[Trêvoid]

I haven't used Binance In a while after my account was disabled, and they wanted me to update my KYC, but I have seen a few similar complaints from different people. Perhaps it's not a good thing to rely on only one exchange, especially if you are an active trade. One should have at least 4-5 back-up accounts in other exchanges just in case. When they disabled my account, I just logged into my other accounts and continued trading.

My worry right now is that the list of good less restrictive exchanges seems to be shrinking instead of increasing

You're absolutely right.

Also other major exchanges tighten KYC requirements and sometimes restrict or lock user accs.

Having several backup accounts is a smart move... Further, governments are enforcing stricter AML and KYC requirements...

[Danica22]

Is the ID you submitted before is expired?

If I recall correctly, I submitted my passport, and yes, its expiration date is over. That's why they locked my deposit and trading, maybe.

If not then maybe the reason is the source where your asset came from?

actually funds are coming from different sources, some are coming from my direct clients, so i dont know from where they make withdrawals.
But sometimes i withdraw from online casino and faucet.

Usually they don't allow casino funds and mixed coins. If you deposit mixed coins or funds from a casino, this could be the reason.

I actually don't know, I heard many people to say Binance locked them cause they made a casino deposit.
But honestly, I deposited more than 100+ times directly from online casino, still i didn't get any warning message from Binance regarding casino deposit.

[shasan]

I haven't used Binance In a while after my account was disabled, and they wanted me to update my KYC, but I have seen a few similar complaints from different people. Perhaps it's not a good thing to rely on only one exchange, especially if you are an active trade. One should have at least 4-5 back-up accounts in other exchanges just in case. When they disabled my account, I just logged into my other accounts and continued trading.

My worry right now is that the list of good less restrictive exchanges seems to be shrinking instead of increasing

I agree with you that multiple exchange site may help to fall on any problem if any site disables any account. But the service we can get from Binance might not be available on the exchange site as well. On Binance, we can trade P2P to avail local currency to crypto as well as crypto to local currency, which is not available on any other site (if there is I have no idea and don't know how active users are on there)?

[JeromeTash]

I agree with you that multiple exchange site may help to fall on any problem if any site disables any account. But the service we can get from Binance might not be available on the exchange site as well. On Binance, we can trade P2P to avail local currency to crypto as well as crypto to local currency, which is not available on any other site (if there is I have no idea and don't know how active users are on there)?

I don't know about other currencies, but have you tried checking out OKX, HTX, Bingx, Gate.io, Bitget, MEXC and the list goes on. In fact, most of them offer P2P trading. The only difference is probably the liquidity, trading volume, price spread and maybe the listed fiat currencies.

Yes, Binance has one of the best liquidities out there, but I haven't used that exchange for a very long time now and life is still OK 

[freedomgo]

This isn’t good. Is this something new? Let me check my account real quick...
I’ve been accessing Binance even under restriction.

I’m not using a VPN though, but Binance isn’t operating legally in our country.  I just hope this isn’t about country restriction, otherwise many will be affected.