Is your Binance withdrawal suspended?
If your answer is YES and you are having an issue withdrawing Crypto from Binance then look no further as we have you covered.
Since the Binance withdrawal process is pretty simple and fast, tons of people across the world use Binance to withdraw or transfer funds on a daily basis.
Unfortunately, a lot of Binance users are currently getting ‘withdrawal suspended due to risk management’ error which prevents users from transferring money from Binance to their bank accounts.
If you too want to withdraw funds from Binance and are getting a withdrawal suspended error on Binance then don’t worry, we have a guide teaching how to fix it in the simplest way possible.
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Without any further ado, let’s get started:
Binance Withdrawal Suspended Error Fix (2022)
There could be many reasons behind getting your Binance withdrawal suspended.
To make your work easier, we have enlisted some reasons that could lead to this frustrating Binance error and how to fix them.
To roll out new features, Binance often put its servers on maintenance break.
Yes, if the servers of Binance are down for maintenance, you are most likely to encounter a withdrawal suspended error.
Whenever you encounter a withdrawal suspended error while transferring funds from Binance to your bank account, make sure to check the status of the Binance server first.
To check the Binance server status, you will have to visit a site called, Downdetector.
When you visit the site, search for Binance. You can directly visit the Binance server status page by clicking on the link.
When you do so, you will see a graph showcasing the number of complaints received in the last 24-hour.
If the number of complaints is significantly higher than the typical volume, it means the servers of Binance are down.
When servers of Binance are down, you have no option but to wait until the servers are back online to withdraw funds from Binance.
As mentioned above, a lot of Binance users are currently getting “Withdrawal suspended due to risk management” errors, which is not a common issue.
Whenever you encounter this error, you are not allowed to trade, buy or sell Crypto on Binance.
If you are getting the risk management issue on Binance then there are chances that you might be having this due to your negative account balance.
Before you withdraw funds from Binance to the bank, make sure you have a sufficient balance in your account.
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Since Binance is a trusted Cryptocurrency exchange, it does not allow users to trade, sell or buy Crypto without getting their account verified.
If you have not yet verified your Binance account, make sure to verify it now to withdraw funds from Binance to your account bank.
Violating Binance Guidelines
If you continue to encounter Binance withdrawal suspension errors then there are chances that you may have violated Binance guidelines.
Violating Binance guidelines is one of the most common reasons to encounter Binance withdrawal suspension errors.
To fix this Binance error, make sure the information you have provided is 100% correct.
Binance temporarily suspends the withdrawal feature for people changing or resetting their Binance account password.
If you have recently changed or reset your Binance password, you are most likely to encounter a “Withdrawal suspended due to risk management” error.
Whenever you head to the “Change Login Password” page on Binance, you will see a message stating that withdrawal would not be allowed for 24-hours once the Binance account is changed or reset for security purposes.
If you have just changed or reset your Binance password, you have no option but to wait for 24-hour to withdraw funds from Binance to your account.
That’s everything you need to know about how to fix the Binance withdrawal suspension error in 2022.