Binance Important Announcement
Binance Reduced The No. Of Confirmations Required For Deposit & Withdrawal On Bitcoin And Ethereum Networks
To provide a better service for users, Binance has made the following adjustments to the number of block confirmations required for user deposits & withdrawals:
Bitcoin (BTC): 1 block confirmation required for deposits (down from 2 block confirmations previously) and 2 block confirmations required for withdrawals.
Ethereum (ETH & ERC20 tokens): 12 block confirmations required for both deposits and withdrawals (down from 30 block confirmations previously).
Binance Will Change Deposit & Withdrawal Of USDT To Be ERC20 Based
Binance will suspend USDT deposits and withdrawals for approximately 30 minutes starting at 2019/07/04 08:00 AM (UTC). During this period, all USDT deposit and withdrawal addresses will be changed from OMNI-based addresses to ERC20-based addresses, and will be the default setting going forward. OMNI-based USDT can still be deposited to users’ previous OMNI USDT deposit addresses and will be accepted.
Please note: After this update, users will no longer be able to withdraw OMNI-based USDT.
Binance Important Announcement – Source: https://www.binance.com