{"id":18499,"date":"2023-05-08T02:53:00","date_gmt":"2023-05-08T02:53:00","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/binance-halts-bitcoin-withdrawals-for-the-second-time-in-12-hours\/"},"modified":"2023-05-08T02:53:02","modified_gmt":"2023-05-08T02:53:02","slug":"binance-halts-bitcoin-withdrawals-for-the-second-time-in-12-hours","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/binance-halts-bitcoin-withdrawals-for-the-second-time-in-12-hours\/","title":{"rendered":"Binance halts Bitcoin withdrawals for the second time in 12 hours"},"content":{"rendered":"
Bitcoin (BTC) withdrawals on Binance have again been temporarily shuttered as the crypto exchange claimed it was suffering from a large backlog of pending withdrawals. <\/p>\n
Binance tweeted on May 8 that it closed off BTC withdrawals “temporarily” as there was a “large volume of pending transactions.”<\/p>\n
It added the transactions are still pending as its “set fees did not anticipate the recent surge in [Bitcoin] network gas fees.”<\/p>\n
\nThere is a large volume of withdrawal transactions from Binance still pending as our set fees did not anticipate the recent surge in $BTC<\/a> network gas fees.<\/p>\n
Our team is working to accelerate the confirmation of all pending transactions.<\/p>\n
We’ll provide updates here.<\/p>\n