Short of this reason, it must be.Ģ) There are not enough Iotas availible to meet withdrawal demand. Go to the IOTA/ETH trading page on Binance and BUY YOUR IOTA CONGRATULATIONS You are now the owner of IOTA STEP 5 (Optional, But Recommended): HODL TO THE MOON Some Bonus Tips: If you are newer to crypto, you will have the strong urge to CONSTANTLY be checking the IOTA price. In this way it functions as an explanation for why it is not possible.
#BINANCE IOTA REDDIT HOW TO#
Suspending withdrawals only makes sense in two situations:ġ) When a network is malfunctioning or upgrading and transfers are no longer possible. How to get IOTA out of Binance (US based) This post was deleted from r/Iota for some reason. If they dont give us information, a date to resolve this problem. Also if you are a Binance user if you dont want to be unable to withdraw from the 11th of this month then please undergo the verification process again because if you do not then you will lose the ability to withdraw your own cryptocurrencies. Im here looking for a solution or revolution, depending on Binance reaction. Fuck Binance Im going to start using a quality exchange if I can find one. Iota network is fine, its binance up to thier usual antics. Binance lock the iota like a week ago, - they dont do a prior notice - they dont tell us why (maintenance is to long to be true) - they dont say when is going to be resolved. Am i the only one - can i check if the IOTA network is super busy somehow I feel like Binance is being sneaky here. Suspending withdrawals does not make the funds somehow safer. Tried today for the third time and im still getting Network Busy after trying to move my iota. I'm thinking my best option would be to transfer over to another wallet, which I believe it'll allow me to do. My account is not verified, and they're not letting me select 'Ontario' in account verification. I don't buy the logic that they are aware enough to know about updates to a wallet, but also think that they are somehow worth preemptively shutting down withdrawals for. So Binance pulled out of Ontario a few months back - I have until the end of 2021 to get my funds off of Binance. In you're reasoning, it would also require timely knowledge of the impending updates, which itself implies a more than cursory knowledge and awareness of the platform itself. It is possible to purchase this cryptocurrency for 0.241. The act of suspending withdrawals is not an automatic action. IOTA is currently the 19th largest cryptocurrency in the market with a valuation of 671 million.
#BINANCE IOTA REDDIT UPDATE#
You don't see all other tokens having their withdrawals suspended for extended periods of time due to any old update (including those that involve transitioning to staking like Cardano or Ethereum). I still disagree with this line of reasoning. Ethereum (ETH), EOS, IOTA (MIOTA) Tank on Binance News Ethereum (ETH), EOS, and IOTA (MIOTA) struggle as the news (un)settles.
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