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21 September 2021

Binance Cuts Daily Withdrawal Limits for Unverified Users | Crypto Briefing

Binance Cuts Daily Withdrawal Limits for Unverified Users | Crypto Briefing


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Binance Cuts Daily Withdrawal Limits for Unverified Users.

Binance said users who have not been fully verified can withdraw up to 0.06 BTC daily.

Today, the exchange said accounts with Basic Account Verification would only be able to daily withdraw up to 0.06 BTC (around $2,200) in total value.

A reduction of the basic verification limit suggests that Binance is making it harder for people to potentially abuse the previous daily limit of 2 BTC, and therefore cut down on potential cases of illicit activity.

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