Earlier today I tried to purchase BTC on my Binance account (as I have done many times before) and Im getting an error saying There was a problem processing this payment. "PayPal Your Authorization For The Payment To BINANCE Corp" Scam The only account verified with my ID and everything is the one that keeps me showing up this error while trying to a deposit with my Debit Card. As a centralized exchange, Binance offers a variety of methods for fiat-holding traders to interact with the Binance ecosystem. To learn more, see our tips on writing great answers. Most if not all the cases CoinDesk reviewed were flagged for risk control, even for those where the coin purchases were made on Binance itselfand for users who were fully verified. At Binance, we understand that having your account locked is a deeply frustrating experience. BTC Address: Does anyone know what's up with that? I thought it might be Nationwide, but called them today and they said its fine their end. Intermediate level verified traders trade $50,000 daily, $500K monthly, and withdraw funds up to100 BTC daily. Yes, if you do not complete the order within the time limit, it becomes invalid, and you need to submit a new transaction. I have gotten basically no help in solving the issue, these funds are mine to withdraw by legal right and if this problem persists I will be forced to take legal action, which would be a waste of time and money for everyone involved, the complaint reads. In this document, one customer of Binance.US complains of $200,000 locked. Epic Amazon Deals: https://amzn.to/3BryxNw Visit https://cryptominingonmacs.com/ - A cryptocurrency mining forum dedicated to macOS & Apple! We will continue to implement measures that protect our users from bad actors and build out our investigative and threat assessment capabilities. Rest assured that there are procedures in place for account recovery and in resolving any outstanding issues. The primary demand of these laws is to have verified consumers. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals. The exchange will block all users those who have identified as an US person and it will ask them to withdraw their funds with a 14 day deadline. How to find an exchange where a coin trades and has the most volume? With your Google 2-factor authenticator enabled, if a hacker gets hold of your login credentials, a hacker still wouldn't be able to log in to your account. 267. I suggest you find your money and convert it to USDT if you want. Accounts flagged for suspicious activity, whether it is an attempted hack or failing audits required by our AML standards, are suspended during pending investigations. I deposited 400, which translated to 450$~. The verification process on the Binance platform prompts you to upload documents that prove your address. You can read more on how to resume Binance withdrawal function here: https://www.binance.com/en-IN/support/faq/360038583951. Please note that you can only pay with credit cards in your name. The withdrawal function will be disabled for your account if the Binance system detects any kind of abnormal activities in your account. Also like Coley: Yew is no longer with the company, having departed in April. Just like other crypto trading platforms, Binance also necessitates identity verification to unlock unlimited trading limits. Summers clarified that she is not using a VPN when accessing Binance, something that has raised flags for the exchanges compliance software in the past, according to her conversations with Binance support. Recently a lots of users are receiving an email from the exchange with a 14-day notice to withdraw funds. We need to lock it to protect your funds. My Account Is Locked, What Do I Do? | Binance Blog But new rules do come up, especially given the ever changing geopolitical environment. Get Started on Binance Lite to Buy and Sell Your Crypto, Frequently Asked Questions on Binance App Funding Wallet Migration, How Do I Deposit/Withdraw Cryptocurrency on Binance, How to Buy Crypto with Card on Binance Lite App. 8h. Select the [Fiat] tab. I'm trying to buy DOGE with my credit card but it keeps giving me this error, any suggestions or is this happening to everyone else as well? In this step, you have to complete your facial verification. Comment * document.getElementById("comment").setAttribute( "id", "a3ada342231c9e3432796a5f6995a025" );document.getElementById("cc3326a274").setAttribute( "id", "comment" ); Notify me of follow-up comments by email. If our system detects you have been a victim of a scammer or fraud, we will lock your account to ensure you are still in control of your account, and are well educated about identifying and avoiding. 5. 3. 2. It is one of the common issues during identity verification. We take these requests very seriously and have previously worked together to thwart the efforts of international cybercrime organizations. It is because you are trying to buy 375.00 bitcoin. We may be able to verify your identity in other ways. Download the Google Authenticator app to your PC or mobile phone. php - Binance API - Account has insufficient balance for requested Its not uncommon for cryptocurrency exchanges to have a downtime during hot market activity. As the cryptocurrency game is on fire, scammers and hackers are also active. Binance Global exchange halted withdrawals Monday in a "temporary suspension" that affects all its users, as did other exchanges such as Coinbase. How to Fix "Withdrawal Suspended" on Binance - Followchain Binance Review - Is Binance Legit and Trustworthy? - CaptainAltcoin Moreover, as evidenced by the troubles experienced by Summers and others, these risk and compliance account freezes are happening to more than just Binance.US users. Binance is the globally leading Malta-based cryptocurrency exchange platform. Privacy Policy. #Binance recently held its 3rd meet-up in Tbilisi Our team was active at the event, providing insight into our plans for the region and introducing both new and seasoned attendees to a range of #Binance products. Withdrawal Failed: Hello, Your account may be at risk. Initially I thought it was an issue on my banks side but after calling them it was evident that the problem was on Binances side. Some users CoinDesk spoke with had their tickets resolved after months, but others still have unresolved issues. Yet another user experienced a similar frustration: Same risk management shutdown on my account withdrawals. 1. Your email address will not be published. Step 2. It offers a borderless and contactless way to transfer and receive cryptocurrencies quickly. The shotgun KYC that U.S. Binance users have experienced isnt exclusive to Binance, though admittedly other U.S.-restricted exchanges (like BitMEX) often give users the ability to withdraw to an external wallet before closing the account instead of demanding an internal transfer as Binance does. Binance "unable to process" my payment Earlier today I tried to purchase BTC on my Binance account (as I have done many times before) and I'm getting an error saying "There was a problem processing this payment. KYC has an active eye on your money activity. Binances customer support is available 24/7. If you live in a comprehensively sanctioned country or territory, we will have to lock your account and initiate off-boarding. Now open the Authy app to get the Binance 2FA security code. Why Can't I Withdraw or Trade? - Binance.US binance unable to process payment to protect your account Customer Support: 4.8/5 Binance will take around 7-10 working days to review the document for advanced verification. Thats because getting hold of actual Binance representatives is more difficult than not. Per the document Summers compiled, plenty of users are still waiting for their funds to be unlocked. 2. Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. Recently Binance the worlds largest cryptocurrency exchange have frozen many accounts of users around the globe for unconventional reasons. Styling contours by colour and by line thickness in QGIS. It also declined to comment on the painstaking verification processes that for many users, so far, have resulted in weeks or months of radio silence. By clicking Post Your Answer, you agree to our terms of service, privacy policy and cookie policy. Similarly, if the intermediate level is complete, proceed to the advanced level. .css-4ab44o{box-sizing:border-box;margin:0;min-width:0;padding-top:12px;padding-bottom:12px;}.css-4ab44o + *[data-area="img"]{padding-top:0;padding-bottom:12px;}.css-1wof1xj{box-sizing:border-box;margin:0;min-width:0;-webkit-transition:box-shadow 0.1s ease-in;transition:box-shadow 0.1s ease-in;position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;margin:auto;border-radius:8px;overflow:hidden;max-width:100%;}.css-1wof1xj:hover{box-shadow:none;}.css-15m9pmi{box-sizing:border-box;margin:0;min-width:0;width:100%;height:100%;}. This is a month and nothing reasonable have come out. Still, as some users attempt to verify themselves, theyre having trouble recouping control of their accounts or getting hold of a living, breathing Binance representative to resolve the issues. The problem is if your account is suspended, there is no way to reach support! All those cryptos I am holding have come from other accounts that I did not have verified. To fund your account, you'll need to buy Bitcoin with your payment voucher. There are some areas where the Binance system is restricted, or its policies might not work. 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