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Binance Profile picture
@binance
May 8 • 6 tweets • 2 min read Twitter logo Read on Twitter
We've temporarily closed #BTC withdrawals due to the large volume of pending transactions.

Our team is currently working on a fix and will reopen $BTC withdrawals as soon as possible.

Rest assured, funds are SAFU.
There is a large volume of withdrawal transactions from Binance still pending as our set fees did not anticipate the recent surge in $BTC network gas fees.

Our team is working to accelerate the confirmation of all pending transactions.

We'll provide updates here.
We’re replacing the pending $BTC withdrawal transactions with a higher fee so that they get picked up by mining pools.

We aim to reopen $BTC withdrawals in the next hour.
$BTC withdrawals are now resumed on #Binance.

Pending transactions are being processed by replacing them with higher transaction fees.

We'll post another update once these pending transactions are all processed.
To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed.

Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations.
This is a learning opportunity for us and we’ll do our best to prevent this from happening again.

Thank you for your patience.

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More from @binance

Binance Profile picture
May 5
A lot to catch up on this week.

🧵 Thread on all the latest from #Binance Image
Notice of Removal of Trading Pairs - 2023-05-04

binance.com/en/support/ann…
#Binance Convert Adds $EDU.

binance.com/en/support/ann…
Read 8 tweets
Binance Profile picture
Mar 24
We are aware of an issue impacting spot trading on Binance.

All spot trading is currently temporarily suspended as we work to resolve this as soon as possible.

New updates will be shared here.
Read 4 tweets
Binance Profile picture
Mar 23
Fake apps are one of the most common forms of scams.

They are designed to trick you by mimicking legitimate and familiar applications.

🧵 Learn how to identify and avoid them in 3 steps.
These are typically two methods scammers use to disguise fake apps:

🔸 Imitation: copies the official source with similar names, logos, and features.

🔸 Repackaging: uses the same metadata as the official version, modifying the source code.
Avoid downloading fake apps by looking for these 6 red flags:

🔸 Distorted icons
🔸 Unnecessary permission agreements
🔸 Questionable reviews
🔸 Grammar mistakes
🔸 Low number of downloads
🔸 New release date
Read 5 tweets
Binance Profile picture
Mar 11
#Binance will add the following stablecoin spot trading pairs:

🔸BNB/TUSD
🔸BTC/TUSD
🔸ETH/TUSD
🔸TUSD/USDT
🔸USDC/USDT
🔸USDP/USDT
We will also stop the BUSD Auto-Conversion for users' new deposits of USDP and TUSD alongside the USDC Auto-Conversion pause earlier today.

Users will no longer be able to withdraw USDC, USDP or TUSD from their BUSD balances.
BUSD balances can be converted to USDC or USDP manually through Binance Convert till 2023-03-18 06:00 (UTC).

Any users who wish to convert their BUSD balances to TUSD at a 1:1 ratio may do so manually on Binance Convert till further notice.
Read 5 tweets
Binance Profile picture
Mar 10
Another week goes by with a lot of #Binance announcements to catch up on!

🧵 Here's a thread to summarise. Image
#Binance will support the @ArweaveTeam $AR network upgrade & hard fork.

binance.com/en/support/ann…
#Binance adds $ALCX, $DF & more tokens on Cross Margin and Isolated Margin.

binance.com/en/support/ann…
Read 7 tweets
Binance Profile picture
Feb 22
Thank you to everyone who joined our very first #BinanceTalks online event!

We have now picked our winners for the two giveaways 🏆

🧵 Check this thread to see if you've won. Image
Congrats to all winners of the key learnings giveaway, you have all won $100 in rewards!

@ManjyeelK
@kingkritish1
@verxia_yulind
@dubkritish
@Nepalgovj
@phejihroh_
@harshaljain89
@NicoDeFin
@baguspahlevy2
@irempaii
And here are our 10 winners for the setups giveaway, you have all bagged a #Binance merch set!

@KenXReyes
@M_MOON_OK
@queenpakbunju
@Khashrate
@TraizxFDZ
@maciejzdesenko
@101Facets
@defcon201nj
@lernorey
@akaFatigueSpy

Congratulations 🤝
Read 4 tweets

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