A similar thing happened to me on Binance US with a small amount of money ($500) when I was first trying to get funds into Hive. They gladly and immediately accepted a deposit of USD from my bank. Then, when I tried to transfer out the tokens I bought, they locked up my account for several months waiting to "verify my identity."
Luckily, it was a small amount and they eventually confirmed my ID and released the funds after a few months, but it was extremely frustrating and I have never used Binance since.
Yep, fuggin' Binance. Buch of wankers. It's good to hear you got it sorted, but months?!
I feel happy to have exited the funds into my bank and subsequently the alternative investment. Binance can go eat dick...until next time of course.
I hope your alternative investment works out. A friend from Italy invested in a privately held power plant a few years ago with a small group of investors. It was a similar situation where the funds will not be liquid for years. So far it's worked out well for him, providing some "passive" returns.
Good luck on your road to "financial freedom!"
It's nothing funky, I'm not that much of an idiot and considering what I pay my financial planner and accounting firm I'd assume they're not idiots either; not steered me wrong yet. It's a safe thing and with the massive gain I made on the crypto and the savings of many, many thousands of AUD in capital gains tax...well, I'll be far in front and not have to worry about exchange nutbaggery on at least this portion of my crypto.