Bitcoin withdrawal panic in Binance

[Yugocean]

The crypto world was shocked when Binance temporarily suspended bitcoin withdrawals today.

Although this problem did not last long due to quick work by the Binance team, there was a lot of panic in the minds of people about Binance. Binance has cited network congestion as the reason, and bitcoin experts are urging Binance to use lightning to fix this problem.

 

[saoussen5765]

These errors of network always occur but to say truth most of people avoid bitcoin transactions and use altcoins which has lower fee except website has only deposit option in bitcoin and this is for rare cases like cointiply deposits.

 

[Yugocean]

There is no error on network, it is just overloaded node. Binance have to stop again due to lot of withdrawal request, now it is planning lightning network to avoid this problem.

 

[riberet19]

I guess if it was a congestion there would not be much problem, people panic right away honestly, if people do not want to have these problems better to keep their bitcoins in self-custody wallets.

 

[Hate2Wait]

This panic does result in a lot many problems and glad they have already worked on the problem and solved it

 

[Blessed19]

actually a lot of people are making panic withdrawals on binance that was why they had to suspend it and showing the lightning network will be good to help sort out those issues and I believe they have done so.

 

[Bisolami]

The crypto world was shocked when Binance temporarily suspended bitcoin withdrawals today.

Although this problem did not last long due to quick work by the Binance team, there was a lot of panic in the minds of people about Binance. Binance has cited network congestion as the reason, and bitcoin experts are urging Binance to use lightning to fix this problem.

For real? I have been using Binance since and I did not hear about this news but I tryst Binance that they must have settled the problem by now. I have been withdrawing after then

 

[Rubz]

I have not made use of binance wallet to carry out any crypto transactions in a long time if not i am sure i would also have panicked when this happened.

 

[Magnus2022]

Binance is the only remaining exchange that have not experienced any major setback. Binance is the hope of ccryptocurrency. If Binance fell, cryptocurrency will suffer terrible setbacks. Binance should adopt lightning network to facilitate transactions.

 

[fcbetting]

Should price go up since Vitaly Buterin give suggestion how to make bitcoin blockchain network faster and lower fee? People still consider this advice (something with layers) but most of them agree with comments.