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Is it safe to withdraw Cardano from Binance despite the suspension?

avatarroland nelsonDec 27, 2021 · 3 years ago3 answers

I have Cardano (ADA) in my Binance account, but I heard that Binance has suspended withdrawals for Cardano. Is it safe for me to withdraw my Cardano from Binance despite the suspension?

Is it safe to withdraw Cardano from Binance despite the suspension?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, it is safe to withdraw Cardano from Binance despite the suspension. Although Binance has temporarily suspended withdrawals for Cardano, it does not mean that your funds are at risk. Binance is a reputable cryptocurrency exchange and they have taken this measure to ensure the security of their users' funds. Once the suspension is lifted, you will be able to withdraw your Cardano without any issues.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! Binance is known for its robust security measures, and the suspension of withdrawals for Cardano is just a temporary precautionary measure. Your Cardano funds are still safe and secure on the exchange. Binance has a track record of handling such situations efficiently, and they will resolve the issue and resume withdrawals as soon as possible.
  • avatarDec 27, 2021 · 3 years ago
    As an expert from BYDFi, I can assure you that it is safe to withdraw Cardano from Binance despite the suspension. Binance has implemented this temporary suspension to address any potential security concerns and ensure the safety of your funds. Rest assured that your Cardano will remain secure on the exchange, and you will be able to withdraw it once the suspension is lifted.