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Binance Puts New Withdrawal Limits on Some Users

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Updates on Rules of Binance Futures Leverage for New Accounts

From binance.com

With immediate effect, leverage levels of over 20x will not be available to futures accounts within the first 60 days of their opening. This follows the updates on 2021-07-19 (UTC) when leverage limit of a maximum of 20x was implemented for new accounts opened within 30 days. • The new rules apply retroactively, meaning leverage levels of over 20x will not be available to futures accounts opened within the last 60 days: • Accounts with open positions within 20x leverage will not be allowed to adjust their open positions to over 20x leverage. • Accounts with open positions of over 20x leverage may choose to maintain ... (full story)

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Updates to Daily Withdrawal Limits

From binance.com

Fellow Binancians, Daily withdrawal limits will be adjusted to 0.06 BTC for accounts which have completed only Basic Account Verification. This change is effective immediately for new account registrations and will be made effective for existing users in phases starting from 2021-08-04 00:00 AM (UTC) and completed by 2021-08-23 00:00 AM (UTC). Please complete identity verification to increase your daily withdrawal limits to up to 100 BTC. Note: Withdrawal limits refresh daily at 00:00 AM (UTC). Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make ... (full story)

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  • Category: Low Impact Breaking News