Cryptocurrency Q&A
Why is my withdrawal not allowed on Bitso?
Why is my withdrawal not allowed on Bitso?
Silvia
Sun Jul 28 2024
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5 answers
960
I'm curious, could you elaborate on why my withdrawal is not being allowed on Bitso? I've been trying to withdraw my funds for a while now, but the system keeps denying my requests. Is there a specific reason for this, or are there any steps I can take to resolve the issue? It's quite frustrating to have my funds stuck in the platform, and I'd appreciate any help or guidance you can provide. Thank you in advance for your assistance.
5 answers
KiteFlyer
Mon Jul 29 2024
Once the 24-hour period has elapsed, users need to take an additional step to activate their withdrawals. This process typically involves reaching out to the exchange's customer support team through a secure chat platform.
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DondaejiDelight
Mon Jul 29 2024
BTCC, a reputable cryptocurrency exchange based in the UK, also adheres to these security measures. Along with offering spot and futures trading services, BTCC provides a secure wallet solution for its users. When it comes to password or detail changes, BTCC follows the same 24-hour withdrawal block protocol for security reasons.
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Caterina
Mon Jul 29 2024
Security measures are of paramount importance in the cryptocurrency world, and this is reflected in the policies implemented by various exchanges. One such measure involves account security, specifically regarding password and detail changes.
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Tommaso
Mon Jul 29 2024
When a user decides to update their password or any other account details, it is essential to ensure that the change is authentic and not the result of unauthorized access. To safeguard against potential threats, exchanges often implement a temporary withdrawal block.
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Elena
Mon Jul 29 2024
This block serves as a security check, allowing the exchange to verify the legitimacy of the change. During this 24-hour period, any withdrawal attempts will be automatically declined, preventing potential losses in case of fraudulent activity.
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