Cryptocurrency Q&A Why is my withdrawal suspended on VALR?

Why is my withdrawal suspended on VALR?

EnchantedSoul EnchantedSoul Tue Sep 03 2024 | 5 answers 1404
Good afternoon, I'm writing to inquire about an issue I'm facing with my account on VALR. I've noticed that my recent withdrawal request has been suspended, and I'm wondering if you could shed some light on the reasons behind this decision. I've always maintained a good standing with the platform and followed all the necessary protocols for transactions. Could there be a specific reason why my withdrawal has been put on hold? I'd appreciate any information you could provide to help resolve this matter as soon as possible. Thank you for your time and assistance. Why is my withdrawal suspended on VALR?

5 answers

BitcoinBaroness BitcoinBaroness Thu Sep 05 2024
The primary objective of this measure is to prevent unauthorized access to user accounts and ensure that only the rightful owners are able to withdraw funds. By implementing this restriction, VALR aims to provide an additional layer of security for its users.

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CryptoMercenary CryptoMercenary Thu Sep 05 2024
VALR has recently introduced a new security measure aimed at enhancing the protection of its users' accounts. This measure restricts withdrawal activity for a brief period after certain modifications have been made to a user's account.

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CryptoPioneer CryptoPioneer Thu Sep 05 2024
These modifications can include altering the email address or mobile number associated with the VALR account. Additionally, resetting the Two-Factor Authentication (2FA) settings also triggers this security feature.

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Nicola Nicola Wed Sep 04 2024
The short-term withdrawal restriction allows VALR to verify the authenticity of the account modifications. This ensures that the changes have been made by the account owner and not by an unauthorized individual.

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MysticStar MysticStar Wed Sep 04 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of its users. These services include spot trading, futures trading, and wallet services. By providing a comprehensive platform, BTCC enables users to engage in various crypto-related activities with ease and convenience.

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