Binance Cuts Withdrawal Limit To 0.06 BTC Per Day

The largest cryptocurrency exchange Binance announced a reduction in the withdrawal limit for accounts with a basiclevel of verification (virtually without verification)up to 0.06 BTC ($ 2400) per day... The company justified its decision with the desire to "maintain the current security of all users."

Basic level is the lowest levelaccount verification on Binance and is provided after filling out the basic information about the user without the need to send any documents, while the information can be specified any, i.e. in fact, there is no verification at the basic level. Previously, holders of such accounts could withdraw up to 2 BTC per day.

For instructions on how to verify your account on Binance, see here.

Restrictions will be introduced gradually. They are already applied to all new users, and will be extended to existing accountsfrom 4 to 23 August 2021... The exchange also states that when working on the changes, it made an adjustment for the current bitcoin price.

“We are strengthening our KYC efforts to strengthen our leadership in this area. We are constantly reviewing our policies to ensure that industry standards are met. "- said the head of Binance about the change in the withdrawal limit.

Binance announced late last week thatwhich will limit the leverage for trading futures to 20x. Shortly before that, a similar announcement was made by the FTX exchange. For users with basic verification, FTX allows withdrawals of up to $ 2,000 per day, which is less than Binance's, even after the introduction of new limits.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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