Here’s Why Dogecoin Withdrawals Are Frozen On Binance
Dogecoin withdrawals have been frozen on the leading crypto exchange Binance. The freeze has led investors to question the exchange’s motives. But it would seem that it was a move that was made out of necessity. It is not the first time that Dogecoin investors would be having problems with exchanges and trading platforms when […]
Related News
Binance has announced that it will be resuming Dogecoin withdrawals after limiting the capability for users on the platform. The announcement came on Monday when the crypto exchange revealed that it had finally solved the issues that led to it closing Dogecoin withdrawals in the first place. The crypto exchange also used the opportunity to […]
Binance recently announced that it had opened up Dogecoin withdrawals after it had limited the capability due to an issue with Doge’s latest update. The reinstatement had been a big relief for users who had been unable to withdraw their Dogecoin on the platform. Following this, Binance CEO Changpeng Zhao announced a giveaway for the […]
Binance users were not able to withdraw Dogecoin due to a “combination of unlikely factors,” the exchange said. Binance, one of the world’s largest cryptocurrency exchanges by daily trading volumes, has resumed Dogecoin (DOGE) withdrawals following a system glitch caused by the DOGE wallet upgrade.The exchange officially announced on Nov. 29 that it restarted DOGE withdrawals after experiencing a major issue where Binance users were unable to withdraw Dogecoin for 17 days.Additionally, 1,634 users on Binance were sent old transactions due to a conflict of several DOGE wallet versions. This....
Cryptocurrency exchange Binance has explained its dogecoin issue which resulted in withdrawal suspension and Tesla CEO Elon Musk calling the problem “shady.” The exchange says it was a “rare issue” and no one was at fault.
Binance’s ‘Rare’ Dogecoin Issue, Withdrawals Resumed
Binance explained its dogecoin problem Monday, stating:
What began as a fairly straightforward upgrade, turned into an issue where Binance users were unable to withdraw DOGE for the last 17 days. In addition, 1,634 users were sent old transactions.
....
Some big-name exchanges have suspended DOGE withdrawals as the token sees unprecedented interest. Global cryptocurrency exchanges are increasingly experiencing issues with Dogecoin (DOGE) withdrawals amid Redditors pumping the altcoin up to 900% in the past two days.On Jan. 28, a number of crypto users reported on Twitter that they were unable to withdraw their Dogecoin due to crypto exchanges temporarily halting withdrawals. The affected exchanges reportedly included some major crypto platforms like Poloniex, and reportedly Bittrex and Yobit.Some crypto users reported that they signed in....