Binance Resumes Trading: Everything You Need To Know

03/24/2023 13:44 • NFT Newsflash • 121 views

On March 24th, according to the official announcement, Binance will resume trading at 22:00 on March 24th. Users can now perform operations such as canceling orders, recharging, C2C transactions, pledging and borrowing currency, redeeming Binance wealth management products, and transferring assets (sub accounts, leveraged accounts, contract accounts, and legal currency accounts).

Binance will resume trading at 22:00 on the 24th

If you’re a cryptocurrency trader, you may have heard about the recent suspension of trading on Binance. On March 24th, the popular crypto exchange announced that they will resume trading at 22:00 on March 24th, much to the relief of their millions of users around the world.
In this article, we’ll cover everything you need to know about the resumption of trading on Binance, including what you can do once the platform is back up and running.

Why Was Trading Suspended On Binance?

Before we dive into what you can do once trading resumes, it’s important to understand why trading was suspended on Binance.
On March 7th, Binance suffered a major security breach that saw hackers steal over $40 million worth of cryptocurrency. In response to the breach, the platform suspended all trading activities while they worked to secure their systems.
Fortunately, Binance has since implemented new security measures that are designed to prevent future breaches from occurring.

What Can You Do When Trading Resumes?

So, what can you do once Binance resumes trading? Here’s a breakdown of the key activities that will be available to users:
* Canceling Orders – If you had any open orders before trading was suspended, you’ll now be able to cancel them.
* Recharging – You’ll be able to recharge your Binance account with your preferred cryptocurrency.
* C2C Transactions – You can now perform C2C (customer-to-customer) transactions on Binance.
* Pledging and Borrowing – Binance allows users to pledge and borrow currency with a small amount of collateral.
* Redeeming Binance Wealth Management Products – Users can buy and redeem Binance wealth management products.
* Transferring Assets – You can transfer assets between your Binance sub-accounts, leveraged accounts, contract accounts, and legal currency accounts.

How To Ensure The Security Of Your Account

While Binance has implemented new security measures, it’s still important to take steps to ensure the security of your account. Here are some tips to help you stay safe:
* Enable Two-Factor Authentication – Two-factor authentication adds an extra layer of security to your Binance account.
* Use Strong Passwords – Use a strong, unique password for your Binance account, and don’t reuse that password on other platforms.
* Keep Your Account Information Private – Don’t share your account information with anyone, and don’t click on suspicious links or emails.

Conclusion

Trading is set to resume on Binance on March 24th, giving users access to a range of activities including canceling orders, recharging, C2C transactions, pledging and borrowing currency, redeeming Binance wealth management products, and transferring assets. It’s important to take steps to ensure the security of your account, even with the new security measures that have been implemented.

FAQs

1. Can I access my Binance account right now?
No, trading on Binance is currently suspended. Trading will resume on March 24th at 22:00.
2. What should I do if I think my Binance account has been hacked?
If you suspect that your Binance account has been hacked, contact Binance support immediately.
3. Can I use Binance outside of the US?
Yes, Binance is a global platform that can be used from anywhere in the world.

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