They still do this including Binance which is supposed to be the biggest one. Even after the passport (with selfie), proof of address and 3 factor authentication (text + email codes) they kept cancelling my withdrawal this week. I got fed up and bought bitcoin to send to another exchange to buy a different crypto to store offline myself but it cost more in fees.wearthefoxhat wrote: ↑Sat Jan 08, 2022 6:03 amReminds of those sketchy crypto broker sites back in the day.
You'd request a withdrawal, they'd auto cancel each time so that you continue to use their services...etc
I was under the impression it came from government pressure because they and banks don't like crypto activity, but like you say the websites can benefit from this themselves if some people give up trying to withdraw.
I know that RBS stopped allowing deposits to Binance but they are supposed to still allow withdrawals so it seems this one is on Binance. Had similar issues with a bookie closing down recently even after all the proof of ID and address they wouldn't pay me because my address wasn't also on my bank statement until I found another account that did have it on