Binance Temporarily Pauses Bitcoin Withdrawals as Prices Slip


In a tweet from Binance on June 13th, 2022, the company stated that they will be temporarily pausing Bitcoin withdrawals on the BTC network due to “stuck” on-chain transactions.

The company explained that only the BTC network withdrawals were having issues and that Bitcoin may be withdrawn to the Ethereum or BNB chain during the temporary pause.

Three hours later, Binance posted that Bitcoin withdrawals have resumed and the company is still working to process the pending withdrawals on their platform. All pending Bitcoin network withdrawals with Binance will be rejected and may be resubmitted for withdrawal once confirmed by the Binance team.

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Deniz Saat is an IT services specialist, technical writer and editor for BTC Times. His mission is to onboard as many people as possible into the Bitcoin overlay through education and content creation.

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