Binance are changing their max withdrawal for unverified accounts from 2 BTC a day, down to 0.06 BTC a day. While I don't think I have ever moved 2 BTC in one day, even when it was far lower priced, I have come close, meaning that 0.06 BTC is untenable. So, it is either verify or get as much out of there as possible before they roll out the changes starting for existing accounts on August the fourth. That gives me a week to work out what I am going to do.
@edicted mentioned that Huobi is still at 1 BTC a day and I have an account I don't use there, so that is an option, but who knows how long that is going to hold for and I am not a big fan of Huobi in general. But I logged in just to make sure the 1 BTC was still valid, so it can be used as an interim waypoint.
I now have a few days to work out what I am going to do, as up until now, Binance has been my gateway for DeFi activity and in that regard, I am moving far more than 0.06 at times. This puts me in a bit of a pickle and I am probably not the only one splashing around in the water on this.
At the moment, I am struggling to do anything at all, as Binance keeps kicking me out and making me log back in before I can transfer. I suspect that they are having some issues with their network with people doing similar to me, moving their assets off the exchange. They shouldn't be there anyway, so I guess now is a good as a time as any to make the shift. They better get their hardware running soon though, as I will be annoyed if I have to do all of this in many transactions.
0.06 BTC is a problem if something happens with Binance or any particular asset and some fast movement is required for anyone that has any significant holdings in something on the exchange. It is currently worth about 2300 dollars, but as we all know, 24 hours can make a massive difference in crypto and having it stuck anywhere sucks ass.
I am not sure what I will do with all of it, but for some of it at least, I will move it into other wallets. I have been advised to hold less shitcoins, which is good advice, but every time I seem to consolidate into the larger tokens, they drop while what I sold into it raises. It has happened so many times that I am now "shy" to do it again. Of course, I don't have massive holdings of shitcoins, so I can just keep them there and trade as usual too.
This is taking me far longer to organize than I had hoped today. I have to head to the shops and buy a drying rack for our clothes though, as our clothes dryer is fried and a half-decent one is 600+ euros, which I am not willing to spend at this point, especially since it looks like I will have no income for the next two months myself, which obviously sucks.
These pictures were taken yesterday in 32C weather and now it is 19C and pouring down with rain, which makes drying clothes will have to be dine inside now. I don't mind the cooler weather and we definitely neded the rain, but since there is only a couple of days left for my wife and daughter's holidays, it would have been nice if it had held off until the end of the weekend.
But, like the Binance change, often we just have to roll with the punches.
Taraz
[ Gen1: Hive ]
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I think we have to find a DeFI with an optional service of FIAT Deposit/withdrawal
I don't go out to fiat, but I am not sure about moving everything to metamask and the like either.
You can always get verified to keep the higher withdrawal and deposit limits.
Edit: Personally I have been advising people to get their crypto off exchanges generally in recent weeks.
https://d.buzz/#/@demotruk/c/6lc02189qqra5i1uud7nny
https://d.buzz/#/@demotruk/c/sp485gmujfhb5s7cylly4v
https://d.buzz/#/@demotruk/c/1rtq0kibzb2iqdawktwr07
https://d.buzz/#/@demotruk/c/m18bov8ekamx7e0wfdosib
Yeah, it has been a long time coming for me and I have been moving things out, but still have too much there, especially if price moves up.
I might verify later.
I also don't know what happens with moving from BSC tokens to other places - without going through Binance.
What is going on with your dryer? Ours just took a crap the other day and I was able to fix it. It was pretty quick and easy. It just needed a new thermal fuse. About $2 USD and we were all set. I think my account on Binance is verified because I set it up a long time ago when you could still use that exchange in the US. I would have to log in again and check just to be sure though.
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Looks like the pump is gone. 280€ to fix and at half the price of a new one, it is already 7 years old and something else will go. Thinking of a new LG that has a 10y warranty but I don't know what it covers yet.
If you don't have too much there or use it too heavily, it should be fine anyway. I am annoyed it keeps kicking me out at the moment though, as I don't have much time to do this.
Bummer! Hopefully you get it all sorted out. On both accounts!
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what about uses ltc as bridge to leave, to the other interchangued.
Yes, I can do this. The fees aren't the issue, I just don't know where to put everything.
I'm still unsure about moving my little funds out of Binance. I have no idea where to move them to or what exactly to do with them at the moment. I really don't want to have to change my coins for a stablecoin before transferring to a new exchange. I would be at such a loss.
Right now I'm just watching and waiting. Maybe I'll get the right information on what to do soon enough.
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Unless you are moving more than 0.06 worth of BTC a day, you don't have to worry. That is about 2300 USD worth, which is likely enough for most unverified accounts.
At least they had nice weather for most of the vacation. I'm no help at all on where to move funds, give me another 3 years and I might be of some help, but that would be pure 100% speculation.
If it was easier, everyone would be doing it. I wish it was easier!
That's a decent change O_O
Those splash shots came out great :D
It is a massive difference. 80K a day (not that I need that) to 2K.
It was fun taking the shots. Smallsteps thought it was awesome running through the water. :)
Running through water is awesome XD
Unless the water is cold. Then it's not awesome.
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For a moment, I thought you were talking about me 😁
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