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Unable to withdraw from Binance ? An overview of possible reasons
You are looking to transfer your cryptocurrencies or euros out of Binance , but are unable to withdraw them to Binance This situation can stem from multiple factors, ranging from a simple identity verification error to a block due to technical maintenance. Here, you will discover in detail the main reasons, possible solutions, and precise information to resolve your situation as quickly as possible and make your transfer from Binance .
Table of contents
Unable to withdraw funds from Binance ? How can account verification block a withdrawal?
When Binance detects an issue with your identity verification, the platform may temporarily suspend access to your funds. A simple password change, disabling two-factor authentication, or prolonged inactivity can also trigger this restriction.
The KYC procedure and anti-fraud controls
trading platforms , including Binance , implement KYC (Know Your Customer) checks to combat fraud and scams. This includes submitting official documents (passport, national identity card, driver's license), verifying your bank details (IBAN), and checking your photo. Binance also follows the recommendations of the FATF (Financial Action Task Force), which involves monitoring any suspicious transactions. Therefore, if your KYC is incomplete, your withdrawal from Binance will likely be declined.
The documents submitted must be legible and exactly as required by Binance . If you have any doubts, please consult the official tutorials or Binancecustomer support. Subsequent verification steps may require you to take a selfie with your ID or a real-time photo using the Binanceapp.
Suspension related to two-factor authentication
Enabling two-factor authentication (2FA) provides an extra layer of security, but it can also cause problems. Any change to this security measure can sometimes suspend withdrawals for 24 to 48 hours. This precaution is designed to protect your account in case your credentials are stolen. During this time, even if you have a large amount to withdraw, Binance will block all fund transfers. Once this period is over, you will regain access to the withdrawal feature.
Abnormal activities detected
Binance 's monitoring tools continuously search for signs of money laundering or account hijacking. At the slightest alert, the system can block withdrawals. Unusual trading volume, successive logins from different IP addresses, or a large number of withdrawal attempts in a short period can trigger this measure. When this happens, you will usually receive an email reporting "suspicious activity." It then becomes essential to prove that you are the legitimate account owner. You may be asked to complete an anti-fraud questionnaire and may be required to wait before attempting to withdraw your cryptocurrencies or euros again.
Unable to withdraw from Binance : Technical maintenance incident
Sometimes, withdrawals remain impossible, not because of your account, but because the platform is performing technical updates. Binance regularly carries out maintenance on its online wallets to fix potential vulnerabilities and improve transaction speeds.
Scheduled wallet maintenance
A message indicating " wallet " may appear. In this case, deposits and withdrawals associated with the affected cryptocurrency will be temporarily unavailable. There is no immediate solution other than to wait. Binance typically publishes official announcements regarding maintenance hours. Once the maintenance is complete, withdrawals will be available again.
Network congestion
Several blockchains, such as Ethereum, Bitcoin, and the Binance Smart Chain, can experience traffic spikes. Gas fees increase, block confirmations take longer, and the platform sometimes chooses to temporarily freeze withdrawals to prevent excessively expensive or time-consuming transactions.
During these times, you will see your request marked as "pending" or "blocked due to congestion." Processing times can vary from one hour to over 24 hours depending on the severity of the congestion. The processing time also depends on the number of confirmations required on the blockchain. Bitcoin, for example, requires an average of 6 confirmations to validate a transfer, while the Binance Smart Chain can be faster.
Unable to withdraw from Binance : Banking limits and restrictions
Withdrawal problems don't always originate with Binance. Some banks refuse or block transfers from crypto platforms they deem risky. Online banks like Fortuneo or Revolut are sometimes more flexible, but can still generate technical error messages.
SEPA transfer problems
Within the Eurozone , SEPA transfers remain one of the primary ways to withdraw euros. However, the receiving bank may reject the transaction if it detects an unusual BIC or IBAN code or if it maintains a strict policy regarding transfers from cryptocurrency exchanges. Furthermore, Binance partnership disruptions with some payment processors (such as Paysafe), making SEPA withdrawals difficult for several days. When these services are unavailable, you may see a message indicating that your bank transfer is not available.
Unable to withdraw from Binance : Technical errors and temporary blocks
An error message, such as "A technical error has occurred," may appear when entering the SMS code to finalize the withdrawal. The causes are varied: a malfunction of the Binanceapplication, a problem receiving the validation SMS, or maintenance of third-party systems.
Receiving the SMS code
If you don't receive the SMS code meant to validate your withdrawal, the problem may lie with your mobile operator. Short messages are sometimes blocked, especially when abroad. You should check your SMS+ option or contact your operator to allow the receipt of these types of codes. Binance also recommends having a primary mobile phone number that isn't subject to aggressive filtering.
Debit card and fiat currency withdrawals
Some users prefer to withdraw using the BinanceDebit Card. They transfer their cryptocurrency to euros in the "Fiat and Spot" tab, then pay with the card or withdraw from a compatible ATM. However, if the Binance Card is restricted in your country or if you exceed the card's limit, withdrawals become impossible. Daily limits vary depending on your account verification level. Monitoring these limits remains essential.
Unable to withdraw from Binance : Wallet maintenance and hard forks
Sometimes, withdrawals on Binance are blocked due to wallet maintenance , which involves updating the blockchain. One common cause of this maintenance is a hard fork .
A hard fork is a major update to a blockchain that results in a break from its previous version. Imagine a road splitting in two: some users continue on the old path, while others take a new direction. This split can make some transactions incompatible with the new version of the network.
When a hard fork occurs, Binance must ensure that its servers (called nodes ) are properly configured to work with the updated version of the blockchain. During this process, the platform temporarily suspends withdrawals and deposits of the affected cryptocurrencies to prevent any risk of fund loss.
Depending on the type of hard fork, Binance also checks whether users should receive new tokens . This has happened with some Bitcoin updates, which led to the creation of separate cryptocurrencies like Bitcoin Cash. During this transition period, users must wait until the maintenance is complete to regain normal access to withdrawals.
Unable to withdraw funds from Binance : Withdrawal limits and waiting period
After certain sensitive operations, such as resetting your password or disabling Google authentication, Binance imposes a waiting period of 24 to 48 hours. During this time, you will see a "withdrawal suspended" status. There is no way to manually lift this restriction. The platform takes a strict approach to protecting your funds from fraud.
In some cases, Binance even extends this period to 72 hours if you have completely reset your 2FA authentication. This may seem frustrating, especially when you urgently need to transfer your cryptocurrencies, but it is one of the most effective defense mechanisms against account hacking.
Minimum amount and maximum amount
Each cryptocurrency has a minimum withdrawal threshold. For Bitcoin, for example, you often need to withdraw at least 0.001 BTC. For Ether, this minimum may be different. If you attempt to withdraw an amount below this threshold, the transaction will be automatically declined. Conversely, some unverified or partially verified accounts face maximum limits. This also varies depending on the country and the method used (SEPA, instant transfer, bank card).
Unable to withdraw from Binance : The role of multiple blockchain networks
Binance sometimes offers several networks for withdrawing the same cryptocurrency: Ethereum (ERC-20), Binance Smart Chain (BEP-20), Binance Chain (BEP-2), Tron (TRC-20), etc. Selecting the wrong network can make withdrawals impossible or result in permanent loss. For example, if your personal wallet doesn't support the Tron network, you will never receive your USDT if it's sent to TRC-20.
When you confirm a withdrawal, always check:
- The network's compatibility with your destination portfolio.
- Network charges can vary from one protocol to another.
- The format of the target address (some BSC addresses start with "0x" as on Ethereum, which can be confusing).
Unable to withdraw funds from Binance : Account closure or frozen balance
In rare situations, Binance may decide to close an account if there is suspicion of illegal activity or if it is not in compliance with local laws. If this happens to you, you might find that your funds are inaccessible for a certain period of time. The compliance teams will then conduct investigations to verify the origin of your cryptocurrencies.
If you have a creditworthiness issue or are linked to a money laundering case, the platform may transmit your data to the relevant authorities and block your withdrawals. It is therefore crucial to comply with anti-laundering regulations and declare your earnings transparently.
Unable to withdraw from Binance : Solutions to bypass a failed withdrawal
Several strategies are available when you are unable to withdraw your funds. Some solutions are quick, while others require more complex procedures.
Contact Binance customer support
If the cause of the block isn't obvious, the first step is to open a ticket or start a live chat with Binancecustomer support. Explain the situation, attach screenshots if necessary, and provide the transaction references. Support will guide you through resolving the issue, whether it's a simple oversight in KYC verification or a technical problem.
Use a more "crypto-friendly" bank
Users are experiencing repeated failures when attempting to transfer funds to traditional French banks. To avoid these kinds of problems, some are turning to digital banks like Revolut, Vivid, or N26, which are more open to cryptocurrency transfers. A Revolut account can be opened in minutes. You can then fund your Binance account via Revolut or withdraw your Binance funds to your Revolut IBAN. The failure rate is lower, although each institution can change its policy at any time.
Transfer to another crypto exchange
In some cases, you can exchange your cryptocurrencies on Binance for USDT, then send those USDT to another platform with a working fiat gateway. Bitvavo, Crypto.com, or other exchanges sometimes offer a simpler withdrawal in euros. Note that this often involves transaction fees (network fees, plus any fees from the second exchange).
As a reliable alternative, we recommend Gemini.
The platform offers:
- Top-notch security, with “cold” storage of the majority of funds
- A dual interface: a simplified application for beginners and ActiveTrader , an advanced platform offering decreasing fees according to volume and a competitive order book.
- Access to more than 60 cryptocurrencies, as well as a rare offering on the market: tokenized stocks (Nvidia, Apple, etc.). These products replicate the price of real stocks via tokens issued directly on the Gemini platform, allowing them to be purchased and traded 24/7 like cryptocurrencies, without going through a traditional stock broker.
- Strict regulatory compliance, with Gemini being one of the first platforms approved in the United States and holding the European license ( MiCA ).
- Additional services such as staking to generate returns on these cryptocurrencies.
Gemini therefore allows you to invest in both cryptocurrencies and tokenized stocks, all in a secure and regulated environment.
Convert into gift cards or vouchers
Third-party services like Bitrefill allow you to convert your assets into vouchers for Amazon, Carrefour, Leroy Merlin, or other retailers. This method isn't a "bank withdrawal" per se, but it can be useful if you want to use your earnings immediately for online purchases. However, you should check the limits and verify that a gift voucher for your desired store is available. Not everyone will find this advantageous, especially if you actually want to transfer your euros back to your bank account.
Unable to withdraw from Binance : Precautions to take to avoid a blocked withdrawal
It is possible to minimize the risk of encountering an impossible withdrawal. A few best practices can help anticipate most problems.
Regular updates to account information
Avoid changing your email address, phone number, or password too frequently. Each change could result in suspension. If you need to make a large withdrawal, plan to keep your account stable for at least a week to allow all security time to expire.
KYC verification before funding the account
Ensuring your account is fully verified prevents unpleasant surprises. As soon as you open your Binanceaccount, complete the identity verification process, including any higher verification levels if available. This may involve submitting proof of address or biometric verification. The more verified you are, the higher your fiat withdrawal limits will be, and the less likely you are to have your transfer declined.
Monitoring of official announcements
Binance regularly communicates about service interruptions related to wallet maintenance or banking partnerships. Staying informed through official channels can prevent frustration. An RSS feed or newsletter subscription can alert you to sudden changes in terms and conditions.
Tax transparency
As the regulatory environment becomes more stringent, particularly in Europe and France, exchanges are collaborating more closely with regulatory bodies. Properly declaring your earnings and all transfers to and from your bank account protects against suspicions of fraud. If your bank suspects the funds originated from an illegitimate source, it may block the transfer and contact Binance for investigation.
Unable to withdraw from Binance : References and statistics on blocked withdrawals
According to several user forums and satisfaction surveys, the majority of blocked withdrawals stem from incomplete verifications or temporary maintenance. The remainder are divided between bank connection problems, malfunctions during SMS code sending, and suspicions of illicit activity.
Globally, Binance processes billions of dollars in cryptocurrency every day. During peak periods, such as a bull run , the networks experience frequent congestion. This leads to sometimes very long delays. An internal study conducted by Binance BTC withdrawals showed that during periods of network stress, confirmation time can triple, increasing from an average of 10 minutes to nearly 30 minutes.
Unable to withdraw funds from Binance : Summary of main factors and possible solutions
A failed withdrawal can be due to a simple oversight in KYCverification, a security suspension, network congestion, or a Binancetechnical update. Checking your login credentials (email address, password, 2FA), the validity of your identity documents, and your bank's compatibility with crypto transfers are essential steps to take before raising any concerns.
If your account shows a blocked balance or you receive a message indicating a suspended withdrawal, take a moment to review your account history and ensure you haven't recently changed your security information. Check Binance 's announcements and, if you don't find anything relevant, contact customer support.
While waiting for the situation to improve, you can explore other options, such as opening a bank account more favorable to crypto transactions, transferring to another exchange, or using gift cards. These options don't necessarily replace a full withdrawal in euros, but they can provide temporary solutions.
Conclusion: Overcoming the blockage and protecting one's assets
If you are unable to withdraw funds from Binance it's not necessarily a permanent problem. The main reasons are usually related to security, maintenance, or banking incompatibilities. In most cases, these issues can be resolved simply by following the verification procedures, waiting during maintenance periods, or choosing a compatible network and bank. The key is to fully understand the platform's requirements, anticipate potential delays, and comply with local regulations regarding cryptocurrency trading.
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Yoann
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
