Cryptocurrency Q&A
Can Binance hold my money?
Can Binance hold my money?
HallyuHype
Tue May 07 2024
|
5 answers
966
I've been hearing a lot about Binance lately, and I'm considering investing my money there. But before I do, I want to know: Can Binance really hold my money safely? I've heard stories about crypto exchanges being hacked or going bankrupt, and I'm worried that my funds might be at risk. I understand that Binance is one of the largest and most popular exchanges, but that doesn't necessarily mean it's the safest option. Can you provide me with some insight into how Binance handles user funds and whether or not it's a reliable platform for storing my money?
5 answers
EthereumElite
Thu May 09 2024
Similarly, ACH deposits also face a 7-day withdrawal lock. Users are required to wait for seven days before withdrawing funds deposited through ACH.
Was this helpful?
137
72
Chiara
Thu May 09 2024
Recently, Binance has introduced a withdrawal lock for new Apple Pay deposits as well. This measure is taken to ensure the integrity of the exchange and protect users from any potential risks.
Was this helpful?
272
60
KpopHarmonySoulMate
Thu May 09 2024
Binance, a leading cryptocurrency exchange, implements a withdrawal lock period for certain deposit methods. This lock period ensures stability and security for both the exchange and its users.
Was this helpful?
255
86
CryptoBaron
Thu May 09 2024
BTCC, a UK-based cryptocurrency exchange, offers a wide range of services including spot trading, futures trading, and digital wallet facilities. These services cater to the diverse needs of crypto enthusiasts and traders.
Was this helpful?
135
72
Elena
Thu May 09 2024
Debit card deposits on Binance are subject to a 7-day withdrawal lock. This means that funds deposited via debit card cannot be withdrawn within the first seven days.
Was this helpful?
167
45
