Binance.US took to Twitter to clear up some FUD relating to the latest BCH withdrawal. Binance.US helps a 1:1 reserve, which signifies that each BCH held by clients on the platform is absolutely backed by the reserve.
The earlier suspension of BCH withdrawals was resulting from a technical subject with the Binance.US deposit switch system. Below regular circumstances, the system mechanically transfers funds from the shopper’s private deposit pockets to the platform’s sizzling pockets in line with a predetermined restrict, and eventually transfers the funds to the chilly pockets.
Nevertheless, final weekend, a buyer’s BCH deposit handle was not mechanically transferred, so the crew suspended BCH withdrawals till the problem is resolved and deposits, cold and warm wallets are again up and working.
As of Sunday night, BCH withdrawals had been absolutely useful on all networks. Binance.US reiterated that it was established to serve American customers and adjust to US rules. Buyer property are protected and no quantity of FUD will change that.
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