Once you've logged in, move your mouse to [Wallet], and click on [Fiat and Spot]. Many complain of Binance taking these actions without warning or proper justification. Take a look at this video for clarification: https://www.youtube.com/watch?v=1newgMTWeWA. Hi Mike. That is the step-by-step complete identity verification process. You may have recently interacted with a known scammer. 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Download the Google Authenticator app to your PC or mobile phone. I wasn't even making a large purchase, I was only going to spend 15 while it's my first time. There are certain cases where the user is not allowed to withdraw funds to an external wallet. When you try to withdraw funds from your account you'll receive an email similar to this. There is no time limit for this. If we have strong reason to believe that you are a hacker or have malicious intentions, we may involve law enforcement and may not be able to disclose the reasons to you right away. Hope it help! If you are truly an U.S resident then register for an account over at Binance US and transfer all your funds from Binance.com to Binance.us. We maintain working groups with most of these global institutions and are working to advance crypto adoption as part of the rule of international law. If there is some kind of abnormal activities in your account then the withdrawal function will be disabled temporarily. Binance Global exchange halted withdrawals Monday in a "temporary suspension" that affects all its users, as did other exchanges such as Coinbase. https://www.binance.com/en/support. I use revolut and initially it seems was that the problem. Binance have strict risk controls in place, this is to secure user funds and to adhere to the local regulatory requirements. You may have submitted a phone number that is not associated with your name and address. Check this page using your browser, Binance API - Account has insufficient balance for requested action, https://binance.com/en/my/wallet/account/main, https://dev.binance.vision/t/account-has-insufficient-balance-for-requested-action/2718/6, How Intuit democratizes AI development across teams through reusability. Please try again or use a different payment method." Documents submitted, click on continue. Binance declined an interview with CoinDesk to discuss these issues, but the CEO issued a statement that chalked the problem up to compliance issues and anti-money laundering risk factors. If you notice any illegal activity in your wallet, you can directly contact support. There are two scenarios in which users accounts are getting locked out by Binance. We may be able to verify your identity in other ways. Currently, Binance supports more than 220 issuing countries. Try to get your current amount of USDT on your spot account. DKK, EUR, GBP, GEL, GHS, HKD, HUF, IDR, ISK, JPY, KES, KZT, MNT, MXN, NGN, NZD, PEN, PHP, PLN, RON, RUB, SAR, SEK, TJS, TRY, TWD, UAH, UGX, USD, UYU, UZS, VND, and ZAR. 4. Step 2. Do you appreciate our work? Blog Home Uncategorized binance unable to process payment to protect your account. Then, tap on 'USD US Dollar.'. Basically youll be asked to verify your identity that is complete KYC / AML verification in order to resume your account withdrawal function. It also declined to comment on the painstaking verification processes that for many users, so far, have resulted in weeks or months of radio silence. June 29 (Reuters) - Customers of cryptocurrency exchange Binance in the United Kingdom have lost access to withdrawing and depositing pounds through a system known as Faster Payments, the. If our system detects you have been a victim of a scammer or fraud, we will lock your account to ensure you are still in control of your account, and are well educated about identifying and avoiding. To learn more, see our tips on writing great answers. You can read more on how to resume Binance withdrawal function here: https://www.binance.com/en-IN/support/faq/360038583951. Besides, the trading model is crypto-to-crypto. Victoria Villa Photography. "Unable to Process -- To protect your account, your trade will not be proceeded." I'm trying to buy DOGE with my credit card but it keeps giving me this error, any suggestions or is this happening to everyone else as well? We ask for your patience and understanding while we work with the external parties who are enacting the block to release your account as quickly as possible. Now you have to provide such documents that give proof of your address. Its just a temporary withdrawal ban on your account and you need to submit withdrawal reject appeal form to unlock the withdrawal feature. Now, Binance is closing his account. For more information, please see our You may have traveled to a sanctioned country or territory. This friends account has since been flagged and is no longer usable. Required fields are marked *. To set up or manage your anti-phishing code, visit the Binance Security page and navigate the ' Advanced Security ' section. Under the Anti-Phishing Code tab, click on [ Enable] or [ Change ]. How to tell which packages are held back due to phased updates, Norm of an integral operator involving linear and exponential terms. In this unfortunate case, we are unable to provide the user with information other than they may have violated our Terms of Use. The guilty parties will be off-boarded from Binance and reported to the relevant authorities. It is one of the common issues during identity verification. I'm using my debit card and all of the details are correct, so I don't know what the issue is. KYC and AML provisions noticeably are the leading global finance laws. If you by chance live in Canada, I can help you with funding your Binance account as Ive made a guide on YouTube showing step by step on what to do. Sweet transferred the funds to this friends account, who then sent them to a wallet Sweet controls. Then enter the password for your Google account and click " Next ". There are many ways your account may be hacked without your knowledge. If you havent passed through any level, start with the primary level. Click on it. Binance tracks user location based on their IP address. Did they fix it for you ? Binance Referral Program 40% Referral Bonus / Commission | 50% discount, How to mine Kaspa GPU mining KAS kHeavyHash (Windows / Hive OS), Tutorial: How to setup, configure and use XMRig? Now open the Authy app to get the Binance 2FA security code. Binance app says it can't process my payment to protect me, does anyone know why this is? As a centralized exchange, Binance offers a variety of methods for fiat-holding traders to interact with the Binance ecosystem. You have USD instead of USDT on your spot wallet, or you have 400 USDT on the p2p wallet insead of spot. Privacy Policy. It's the fault of Binance. NMLS ID: 1906829 Click on the [ Google] button. Many of the affected Binance users flagged for "risk management" and anti-money laundering (AML) hold accounts that are fully verified; given that know-your-customer (KYC) verification process . Press question mark to learn the rest of the keyboard shortcuts. The shotgun KYC that U.S. Binance users have experienced isnt exclusive to Binance, though admittedly other U.S.-restricted exchanges (like BitMEX) often give users the ability to withdraw to an external wallet before closing the account instead of demanding an internal transfer as Binance does. Some users CoinDesk spoke with had their tickets resolved after months, but others still have unresolved issues. At this verification level, you have to provide your documents and upload photos. Return to the Binance app and enter the code you received from Authy. "In light of your . Staging Ground Beta 1 Recap, and Reviewers needed for Beta 2, Api says insufficient balance while I have more than enough, How to place a futures market order using python-binance: APIError(code=-1111): Precision is over the maximum defined for this asset, Binance Api [buy limit] it says that I have no funds to make the purchase but in fact there are, Binance python api query for global account balance, Binance API Error(code=-2010) Account has insufficient balance for requested action. Still life; Commercial; Food; Proyectos; Retratos; how to decrease in crochet amigurumi You have a potential nexus to a sanctioned individual or an entity, or live in a sanctioned location. At Binance, we understand that having your account locked is a deeply frustrating experience. , this proactive lock prevented bad actors from stealing a users entire altcoin portfolio. Reports note that these affiliates would not be able to process these payments now. Ive been looking for any contact info for any humans at Binance its not public, one user, James Mallory, told CoinDesk. 735. I did this and got rejected, the user said. Weve been receiving a lot of queries from Binance users regarding this. 3. However, it can also be due to a mistake on Binance's end. I'm requesting the POST endpoint https://api.binance.com/api/v3/order with the following parameters: And I just deposit 400$, which means I have enough funds to purchase 375$ worth of BTC. Epic Amazon Deals: https://amzn.to/3BryxNw Visit https://cryptominingonmacs.com/ - A cryptocurrency mining forum dedicated to macOS & Apple! In case if you are not an US resident but if you are still got locked out then try contacting Binance support immediately and transfer the funds to your external wallet. I bought some Dogecoin early April no issue, wanted to buy some more now and it wont let me (VISA debit card also). In order to meet with international regulations, even if you are not a sanctioned individual or entity, you may be deemed to have a potential nexus to a sanctioned individual or entity and therefore not allowed to trade on our platform. Binance is the worlds leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Go to your Binance account dashboard, select the "margin" tab and click "open your margin" account. If your essential information is complete, you can direct it to the intermediate level. The best thing to do is to get in touch with our customer service team to get more information on the lock and to work on the appropriate steps to unlock your account. Intermediate level verified traders trade $50,000 daily, $500K monthly, and withdraw funds up to100 BTC daily. Coming to the point, how do you verify your identity? In order to utilize the Lightning Network to make payments, users will need to hold BTC in the Xapo Bank App, which will allow them to scan and pay an invoice at any merchant that accepts LN payments. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. Your account will be locked if you fail to do so. A quick glance at the replies in this tweet from Binance.US Customer Support shows how many others are piling into the boat. For example, if you traveled to the US and accessed your account, our system will lock your account and ask you to verify that you are not an US citizen and do not live in the US. To fund your account, you'll need to buy Bitcoin with your payment voucher. There was a problem processing your payment. A sign-in window will be opened, where you will need to enter your Email address or Phone and click on " Next ". We do our best to highlight this obligation clearly in our Terms of Use, as well as throughout our ecosystem. Keep in mind that USD != USDT, The other option is to make sure you have enough BNB in your account to pay for the fees: After completing the personal & intermediate level verification, your badge should be orange.