# Binance Restores 28 Fiat Withdrawal Currencies: A Recap and Rewrite
Fiat withdrawals are back too—with USD, AED, VND, pesos, and IDR added, bringing the total to 28 fiat currencies. Withdrawals have resumed across both 15 on-chain networks and 28 fiat currencies. Is the panic finally behind us?
Let’s first look at three points in favor:
① On the first day after withdrawals resumed, $4.65 billion in withdrawals were processed, with net outflows of about $3.64 billion. That looks alarming, but it was only 2.1% of Binance’s $171 billion in total assets—the platform withstood an extreme run;
② The broader market didn’t collapse: on the topic page, $BTC was around $77,920, up slightly; ETH broke above $2,300 and gained over 1% on the day; and BNB was around $707, with no panic selling;
③ About 95% of the funds have been replenished, and the top 10 major assets are fully backed. The recovery is real.
But don’t ignore these three points on the other side:
① Money going out doesn’t mean it’s coming back: the original post said outflows were redirected to OKX, Bybit, Bitget, Gate, HTX, and decentralized wallets. Once diversifying holdings becomes a habit, winning users back will take better products;
② The remaining networks haven’t all reopened, so liquidity hasn’t fully returned. The recovery is happening in stages;
③ The first 60 minutes after a withdrawal channel reopens are a high-risk period for phishing. Address poisoning and clipboard malware target people in a hurry to withdraw. Rushing to secure your funds can actually make them easier to lose.
My take: Restoring withdrawals eases panic; it doesn’t mean the rally is starting. My view on $BTC hasn’t changed: until it climbs back above and holds $79,400, treat any move as a rebound—don’t chase or add to your position. If it breaks below $76,500, watch $75,000. For fiat channels, there’s just one thing to watch next: whether net inflows can be sustained. The original post’s claim that “net inflows start today” is still just one side’s account; without an official statement, don’t treat it as conclusive.
What would invalidate this view: a high-volume move back above $79,400 that holds for a day; or, on November 3, proof of reserves that doesn’t match the new addresses, or a renewed surge in net outflows after the remaining networks reopen.
One question: After this, would you move your coins back to your own wallet, or leave them on an exchange and keep using them?
Fiat withdrawals are back too—with USD, AED, VND, pesos, and IDR added, bringing the total to 28 fiat currencies. Withdrawals have resumed across both 15 on-chain networks and 28 fiat currencies. Is the panic finally behind us?
Let’s first look at three points in favor:
① On the first day after withdrawals resumed, $4.65 billion in withdrawals were processed, with net outflows of about $3.64 billion. That looks alarming, but it was only 2.1% of Binance’s $171 billion in total assets—the platform withstood an extreme run;
② The broader market didn’t collapse: on the topic page, $BTC was around $77,920, up slightly; ETH broke above $2,300 and gained over 1% on the day; and BNB was around $707, with no panic selling;
③ About 95% of the funds have been replenished, and the top 10 major assets are fully backed. The recovery is real.
But don’t ignore these three points on the other side:
① Money going out doesn’t mean it’s coming back: the original post said outflows were redirected to OKX, Bybit, Bitget, Gate, HTX, and decentralized wallets. Once diversifying holdings becomes a habit, winning users back will take better products;
② The remaining networks haven’t all reopened, so liquidity hasn’t fully returned. The recovery is happening in stages;
③ The first 60 minutes after a withdrawal channel reopens are a high-risk period for phishing. Address poisoning and clipboard malware target people in a hurry to withdraw. Rushing to secure your funds can actually make them easier to lose.
My take: Restoring withdrawals eases panic; it doesn’t mean the rally is starting. My view on $BTC hasn’t changed: until it climbs back above and holds $79,400, treat any move as a rebound—don’t chase or add to your position. If it breaks below $76,500, watch $75,000. For fiat channels, there’s just one thing to watch next: whether net inflows can be sustained. The original post’s claim that “net inflows start today” is still just one side’s account; without an official statement, don’t treat it as conclusive.
What would invalidate this view: a high-volume move back above $79,400 that holds for a day; or, on November 3, proof of reserves that doesn’t match the new addresses, or a renewed surge in net outflows after the remaining networks reopen.
One question: After this, would you move your coins back to your own wallet, or leave them on an exchange and keep using them?