I'm somewhat puzzled about Binance's decision to lock funds for 10 days. As a trader, liquidity is crucial, and such a long lock-up period seems unreasonable. Could you explain the rationale behind this decision? Is it a safety measure to prevent fraudulent transactions or some other strategic consideration? I'd appreciate it if you could clarify this matter for me.
7 answers
SakuraFestival
Thu May 09 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and digital wallets.
SolitudeEcho
Thu May 09 2024
This security measure aims to safeguard users' funds from unauthorized access.
Nicola
Thu May 09 2024
It ensures that funds are not withdrawn prematurely or without proper authorization.
CosmicDream
Thu May 09 2024
By introducing this hold period, Binance reduces the risk of funds being stolen or misappropriated.
RainbowlitDelight
Thu May 09 2024
This measure adds an additional layer of security for cryptocurrency transactions.