Last chance for the Dutch: get your cryptocurrency from Binance now

On June 16, Binance, the world’s largest crypto exchange, announced that it is leaving the Netherlands. The crypto exchange had failed to get the required approval to continue serving customers in the Netherlands. The exchange is currently urging Dutch customers to remove their cryptocurrencies from the platform as soon as possible. You need to before August 17th is randomly accurate. After that, this is no longer possible.

Crypto exchange Binance is leaving the Netherlands

Customers therefore only have two days to withdraw their crypto from Binance. If you are a customer of the trading platform, then you have probably already seen the countless emails. However, time is pressing and a reminder can help. Starting Thursday, it will no longer be possible to withdraw your cryptocurrency.

You may not be a customer of another exchange where you can lose your cryptocurrency. Binance is happy to help you with this. As soon as you sign up to Binance, you immediately have the option to transfer your cryptocurrency to Coinmerce. This process is free and takes just a few minutes. If you still have assets on Binance, we encourage you to do so as soon as possible.

Don’t lose everything if you forget your cryptocurrency

If you fail to receive your cryptocurrency from Binance in time, all your assets will be converted to stablecoin Tether (USDT) on August 17th. Binance was forced to do this due to the move out of the Netherlands. Then, before August 17, all customers will receive a “contractual claim” equal to their assets on Binance. From the 17th, customers can only “redeem” their claim after registering on the platform.

Read Also:  New low for Bitcoin ETFs after dramatic week

Binance will send an email to all Dutch customers on Thursday clearly explaining how this “redemption” works. This will likely be a simple process where customers can send their assets (converted to USDT) to another wallet. Nevertheless, we recommend that you take some time until Thursday and send your credit to another wallet yourself or have it transferred to Coinmerce.

Bitvavo also steps into the breach for Binance customers. New users receive a €10 welcome bonus when they create an account using this link.

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here