Binance, the world's largest cryptocurrency exchange, occasionally rejects withdrawal requests—leaving users frustrated. Understanding these rejection triggers and their solutions ensures smoother transactions. Below are the 10 most common reasons (with actionable fixes) for failed Binance withdrawals:
Common Binance Withdrawal Rejection Reasons
1. Unverified Account
Issue: Fiat withdrawals require full KYC verification. Unverified accounts face withdrawal restrictions.
Solution: Complete the "Verified" KYC tier (allows up to $50,000 daily withdrawals). Approval typically takes <15 minutes. Contact Binance Support if documents are rejected.
👉 Struggling with verification? Here’s how to speed up the process
2. Negative Account Balance
Issue: Account suspensions occur due to revoked deposits or disputed transactions.
Solution: Deposit funds to offset the negative balance. Use a stable payment method like bank transfer.
3. Below Minimum Withdrawal Threshold
Issue: Each crypto has a minimum withdrawal limit (e.g., 0.001 BTC for Bitcoin).
Solution: Check Binance’s fee page for network-specific minimums.
4. Exceeding Daily Withdrawal Limits
Issue: Limits vary by verification level:
| KYC Tier | Max Fiat/Day | Max Crypto/Day |
|----------------|-------------|----------------|
| Unverified | Not allowed | 0.06 BTC |
| Verified | $50,000 | 8M BUSD |
Solution: Upgrade to "Verified Plus" or split withdrawals across days.
5. Recent Password/2FA Changes
Issue: Withdrawals are temporarily disabled for 24–48 hours after security updates.
Solution: Wait or contact support for urgent withdrawals.
6. Policy Violations
Issue: Banned activities include:
- False KYC information
- VPN/proxy usage
- Spam or scams
Solution: Adhere to Binance’s Terms. Appeal suspensions via support.
7. Wallet Maintenance
Issue: Scheduled downtime halts withdrawals.
Solution: Monitor Binance Announcements.
8. Invalid Wallet Address
Issue: Addresses must match the blockchain network (e.g., ERC-20 for Ethereum).
Solution: Copy-paste addresses or scan QR codes to avoid typos.
👉 How to securely send crypto to external wallets
9. Network Congestion
Issue: Busy blockchains (e.g., Bitcoin) delay transactions.
Solution: Retry later or use faster networks (e.g., TRON for USDT).
10. Incorrect Memo/Tag
Issue: Exchanges like Binance require memos for deposits (e.g., XRP).
Solution: Confirm the memo/tag matches the recipient’s details.
FAQs
Q1: How long does Binance verification take?
A: Usually under 15 minutes, but may extend to 10 days if documents are flagged.
Q2: Can I withdraw crypto without KYC?
A: Yes, but limits apply (0.06 BTC/day for unverified accounts).
Q3: What if I sent crypto to the wrong address?
A: Funds are irrecoverable. Always double-check addresses before submitting.
Q4: Why is my withdrawal “pending” for hours?
A: Network congestion or Binance’s manual review process. Check the blockchain explorer for status.
Q5: How do I increase my withdrawal limit?
A: Upgrade to "Verified Plus" for higher caps ($2M/day fiat).
Q6: Is Binance withdrawal rejection common?
A: Rare, but occurs due to the above reasons—most are preventable with careful checks.
Pro Tip: Bookmark Binance’s official fee page for real-time network updates.