Why are instant withdrawals currently disabled on BItbns?

As a top cryptocurrency exchange, BTCC recognizes the importance of providing a secure and reliable platform for its users. BTCC offers a range of services that cater to various needs, including spot trading, futures trading, and wallet services.

The recent bottleneck experienced by Bitbns regarding INR withdrawals can be attributed to a multitude of factors. One of the primary reasons was the occurrence of fraudulent INR deposits into the platform.

With BTCC's spot trading, users can buy and sell cryptocurrencies at the current market price, allowing for quick and easy transactions. The futures trading service, on the other hand, offers users the opportunity to speculate on the future price of cryptocurrencies, enabling advanced trading strategies.

These fraudulent activities led to a series of complications, as the platform's security measures kicked in to protect the interests of its users. Consequently, accounts that were deemed suspicious or involved in these fraudulent activities were subjected to debit blocks.

The debit blocks, in turn, hindered the withdrawal process for INR, causing inconvenience and frustration for legitimate users. It's crucial for exchanges to balance security and user experience, and in this case, the focus shifted towards safeguarding user funds.