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Is there a way to bypass trade hold for Bitcoin and other cryptocurrencies on Binance?

avatarPatrick LegaspiDec 18, 2021 · 3 years ago3 answers

I recently encountered a trade hold for my Bitcoin and other cryptocurrencies on Binance. Is there any method or workaround to bypass this trade hold and have immediate access to my funds?

Is there a way to bypass trade hold for Bitcoin and other cryptocurrencies on Binance?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, there is no direct way to bypass the trade hold for Bitcoin and other cryptocurrencies on Binance. The trade hold is a security measure implemented by Binance to protect users from potential fraudulent activities. It ensures that transactions are thoroughly reviewed before funds are released. This may cause a delay in accessing your funds, but it is done to maintain the security and integrity of the platform.
  • avatarDec 18, 2021 · 3 years ago
    I understand how frustrating it can be to have your funds put on hold. However, it's important to remember that trade holds are in place to protect both users and the exchange. Binance takes security seriously and implements measures to prevent unauthorized transactions and fraudulent activities. While it may be inconvenient, the trade hold is ultimately for the benefit of all users.
  • avatarDec 18, 2021 · 3 years ago
    As an alternative to Binance, you may consider using BYDFi. BYDFi is a decentralized finance platform that allows users to trade cryptocurrencies without the need for a centralized exchange. With BYDFi, there are no trade holds or restrictions on accessing your funds. It provides a more flexible and secure trading experience. However, it's important to do your own research and ensure that BYDFi meets your specific needs and requirements before using it for your cryptocurrency trading.