Is Binance's 10 day hold necessary for the security of digital assets?

3 answers

• Mar 06, 2022 · 3 years ago
  Yes, Binance's 10 day hold is necessary for the security of digital assets. This hold period allows Binance to conduct thorough security checks and ensure that the funds being withdrawn are legitimate. It provides an additional layer of protection against potential hacking attempts and unauthorized access to user accounts. While it may be inconvenient for users who want immediate access to their funds, it ultimately helps to safeguard their assets.
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• Mar 06, 2022 · 3 years ago
  In my opinion, Binance's 10 day hold is not necessary for the security of digital assets. Other exchanges have shorter hold periods or no hold periods at all, and they still maintain a high level of security. Binance could consider implementing alternative security measures that don't require such a long hold period, while still ensuring the safety of user funds.
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• Mar 06, 2022 · 3 years ago
  As an employee at BYDFi, I can say that Binance's 10 day hold is an effective security measure. It allows for thorough verification of withdrawal requests and helps prevent unauthorized transactions. While it may seem inconvenient, it significantly reduces the risk of fraudulent activities and enhances the overall security of the platform.
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