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Binance blocks withdrawals of fully verified account [RW00142]

Binance

Cryptocoins Exchanges / Binance 241 Views

I've been utilizing Binance for few years. By no means had a problem. Nevertheless, obtained a really bizzare action on aspect of binance few days in the past which I want to share with othe customers.

I've a small and never that lively account with the binance now, having withdrawn a lot of the funds pre/mid November 2022. It was just holding about four XMR (~700 usd). Couple of days ago I needed to prime up my Metamask pockets with a bit of ETH and so I've bought a bit of XMR and converted it to 0.1ETH and tried to withdraw it, and that is where it has started to get weird..

I received the following message:

Withdrawal perform briefly suspended

[RW00142] Your account could also be in danger. To be able to maintain your funds protected, withdrawals have been briefly disabled. Please contact Buyer Help for additional help.

okay, contacted help. After regular time waste with about three totally different reps, I was informed it is going to be passed to "specialist staff" for evaluate within 24 hours. Few hours and one other few help individuals later (they have a tendency to carousel in your account, every one studying the whole story from scratch and sending you tens of millions of pointless excuses) - I was finally informed that my account is send for "revalidation" and it will take as much as 30 days(!!). After this as you possibly can imagine the help ticket was merely "closed" as they think about themselves that they've "solved the difficulty".

Now a bit of background:

- I am British Citizen
- Account absolutely verified, with all the picture/passport/driving license/handle affirmation ship and permitted long time in the past

For sure I discover it absolutely outrageous. Can only advocate to other individuals be cautious and start shifting their activities away from Binance to non-public wallets (self custody) and probably other exchanges.

Peace to all,

D

submitted by /u/DaikonSignificant356
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