{"id":46790,"date":"2021-07-27T20:34:59","date_gmt":"2021-07-27T17:34:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46790"},"modified":"2025-09-01T18:11:38","modified_gmt":"2025-09-01T15:11:38","slug":"binance-cuts-daily-withdrawal-limit-for-new-users-from-2-btc-to-0-06-btc","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-cuts-daily-withdrawal-limit-for-new-users-from-2-btc-to-0-06-btc\/","title":{"rendered":"Binance cuts daily withdrawal limit for new users from 2 BTC to 0.06 BTC"},"content":{"rendered":"<p>The cryptocurrency exchange Binance has reduced the daily withdrawal limit for new users who have completed basic account verification from 2 BTC to 0.06 BTC.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Effective immediately for new account registrations, users that have completed only Basic Account Verification will have a daily withdrawal limit of 0.06 BTC. 2\/5<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1420047671914500097?ref_src=twsrc%5Etfw\">July 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For existing users, changes will be implemented in stages\u2014from August 8 to August 23.<\/p>\n<p>Identity verification will increase the daily withdrawal limit to <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/9df8225c061b455da5c7cc293cd08a70?ref=JLI1VBLA&#038;utm_source=BinanceTwitter&#038;utm_medium=GlobalSocial&#038;utm_campaign=GlobalSocial\">100 BTC<\/a>.<\/p>\n<p>In addition, Binance CEO Changpeng Zhao wrote that the company is looking for a candidate for the position of chief executive officer.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">When they mis-quote you\u2026 another thread on CEOs.<\/p>\n<p>There are no immediate plans to replace me as CEO.<\/p>\n<p>I\/we would very much like to hire a strong compliance background CEO to show our commitment to compliance as this is the top priority of the organization.<\/p>\n<p>More\u2026 <a href=\"https:\/\/t.co\/a8p97nIb8T\">https:\/\/t.co\/a8p97nIb8T<\/a><\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1420061153200201729?ref_src=twsrc%5Etfw\">July 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>There are no immediate plans to replace me as CEO in the near term. I\/we would very much like to hire a CEO with extensive compliance experience. This is necessary to demonstrate our commitment to regulatory compliance, as this is the organisation\\&#8217;s top priority.<\/p>\n<\/blockquote>\n<p>He expressed the view that a CEO should not stay with the company for more than 10 years \u2014 five years, in his view, is the optimal period.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">CEO contingency planning starts in day 0, same as any other role.<\/p>\n<p>I feel CEOs should not stay for more than 10 years, ideally around 5 years. We live in a dynamic world. We need new thinking. Presidents only serve for 4 years.<\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1420061156341809155?ref_src=twsrc%5Etfw\">July 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Zhao emphasised that &#8216;he does not need to be CEO&#8217;, and that he is not leaving Binance.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">We are always hiring for CEOs.<\/p>\n<p>I don\u2019t need to be CEO, and I am not leaving. I will always find ways to contribute to the community behind the logo tattooed to my forearm.<\/p>\n<p>I am proud to be a member of the <a href=\"https:\/\/twitter.com\/hashtag\/binance?src=hash&#038;ref_src=twsrc%5Etfw\">#binance<\/a> ecosystem. Let\u2019s keep growing it.<\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1420061159101669380?ref_src=twsrc%5Etfw\">July 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>There are no immediate plans to replace me in the CEO role. I will never stop contributing to the community behind the logo on my forearm, and I\u2019m committed to Binance.<\/p>\n<\/blockquote>\n<p>In May, during a ForkLog interview, Changpeng Zhao expressed the view that a CEO who runs the company for ten years should yield to another person. Otherwise, the organisation\u2019s momentum slows.<\/p>\n<p>Then he said he was considering a transition and handing over the CEO role, and that he intends to focus in the future on developing the Binance Smart Chain ecosystem.<\/p>\n<p>Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-cuts-leverage-on-futures-platform\">reduced<\/a> the maximum leverage on the futures platform to 20x. Not long before that, the company announced <a href=\"https:\/\/u1f987.com\/en\/news\/binance-to-end-support-for-tokenised-stocks\">the discontinuation of support for tokenised shares<\/a>.<\/p>\n<p>Earlier, Changpeng Zhao <a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-says-binance-us-plans-to-go-public\">did not rule out<\/a> intensifying regulatory pressure. He also spoke of efforts in the transition from startup phase to a financial service.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance cut the withdrawal limit from 2 BTC to 0.06 BTC for new users who completed basic account verification.<\/p>\n","protected":false},"author":1,"featured_media":46791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1166,935],"class_list":["post-46790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-centralized-exchanges-cex","tag-changpeng-zhao"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=46790"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46790\/revisions"}],"predecessor-version":[{"id":46792,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46790\/revisions\/46792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46791"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}