Why is my Binance withdrawal suspended?

Your Binance withdrawal is suspended either because there’s a system upgrade or you’ve recently changed your password. However, it can also be due to a mistake on Binance’s end. If there’s a system upgrade, withdrawals will be temporarily suspended. Hence, you just need to wait until the system upgrade is completed.

What happens if a network congestion occurs on Binance?

If network congestion occurs, Binance will temporarily suspend that particular blockchain network to process on-chain transactions efficiently. This also ensures that the gas fee is maintained at a healthy and competitive level. A hot wallet supports and facilitates all withdrawals on Binance.

Can I withdraw from Binance after a system upgrade?

If there’s a system upgrade, withdrawals will be temporarily suspended. Hence, you just need to wait until the system upgrade is completed. If you’ve recently changed or reset your password, you won’t be able to make withdrawals from Binance for 24 hours. After 24 hours, you’ll be able to make withdrawals again.

Why did Binance pause bitcoin withdrawals?

The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the Bitcoin protocol. Binance, the world's largest crypto exchange, temporarily paused bitcoin (BTC) withdrawals Sunday morning U.S. time as the Bitcoin blockchain became overwhelmed with pending transactions and sky-high fees.