Binance exchange still doesn't allow withdrawls of STEEM.
What a shame. I don't understand why they don't open STEEM withdrawls yet. STEEM coin is a small cap altcoin.
If you wanna withdraw small cap altcoins, swap to other major cryptos. Actually, I swapped STEEM to TRX. And then, I transferred TRX to other exchanges. But you know, the transaction fee in Binance exchange is 1.5 TRX. It's higher than expected.
I think $SOL is better than TRX in terms of transferring assets.
By the way, the crypto market is still quiet. We need good news to get a new upward momentum. I hope this Nov and Dec will be Upvember and Upcember 🙏
Binance freezing STEEM withdrawals usually comes down to two operational bottlenecks: hot wallet depletion or node desynchronization after a patch.
When a centralized exchange suspends native withdrawals, users get trapped into selling on the order book. Swapping STEEM to TRX or SOL to exit forces you to pay two fees: the exchange trading fee on the spread and the withdrawal fee on the destination asset. For an L1 that settles in three seconds with zero gas fees, watching users forced through a centralized bridge tax defeats the whole purpose of on-chain balances.
Until decentralized bridges or wrapped cross-chain rails connect Steem directly to networks like Solana, Binance will keep treating small-cap L1 wallets as low-priority maintenance tickets.
Que Binance siga con STEEM bloqueado dice bastante del volumen real que maneja esa moneda. Lo de 1.5 TRX de fee para moverte entre exchanges es un costo que casi nadie calcula hasta que lo paga. On-chain el mercado sigue en acumulación silenciosa, sin catalizador claro hasta que aparezca soporte de verdad.
This is an embarrassing encounter on the Binance exchange as Steem is not having the way to be transferred ,I don't know how hopeful it will be during these remaining months,I hope something should be done about this,as a matter of fact,the rate at which crypto is going down is not a welcome development.