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How can I avoid the Binance US 10-day hold when trading digital currencies?

avatarNuria CabotDec 28, 2021 · 3 years ago4 answers

I recently started trading digital currencies on Binance US, but I'm frustrated with the 10-day hold period. Is there any way to avoid this hold and have immediate access to my funds?

How can I avoid the Binance US 10-day hold when trading digital currencies?

4 answers

  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, the 10-day hold period on Binance US is a security measure put in place to protect users and prevent fraudulent activities. During this period, your funds are held to ensure the legitimacy of your transactions. While it may be inconvenient, it is a necessary step to maintain the security and integrity of the platform.
  • avatarDec 28, 2021 · 3 years ago
    To avoid the 10-day hold on Binance US, you can consider using other cryptocurrency exchanges that offer faster withdrawal times. Some exchanges have shorter hold periods or even instant withdrawals, depending on your account verification level and trading volume. It's worth exploring alternative platforms to find one that suits your needs.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers a solution to bypass the 10-day hold period on Binance US. With BYDFi, you can enjoy immediate access to your funds without any hold restrictions. Their advanced security measures ensure the safety of your transactions while providing a seamless trading experience. Consider giving BYDFi a try for hassle-free trading.
  • avatarDec 28, 2021 · 3 years ago
    One way to potentially avoid the 10-day hold on Binance US is by increasing your account verification level. By completing the necessary KYC (Know Your Customer) requirements and providing additional information, you may qualify for a higher verification level that allows for faster withdrawals. Check Binance US's verification options and see if you can upgrade your account to reduce the hold period.