Is Binance down or not working? Why is it not working?
by Abinaya | Updated Mar 27, 2023
What is Binance?
Binance was fully known as Binance Holdings Ltd. Binance is an application that is mainly for traders. It is a growing and known application across India. This application is used for exchanging cryptocurrencies. This application is considered to be the largest cryptocurrency space, which has a large number of trading exchanges going on. The Binance application has also many features which we will learn about below articles. Binance application was founded by Mr.Changpeng from China in the year 2017. He also has the name of a developer for some high-frequency trading software. Earlier, Binance was part of China only, but later when China government placed some rules on trading then they moved from China.
In 2021, United States Department and Internal Revenue Service investigated Binance for some financial matters. Later, following this incident, Binance was asked to put an end to its activity in June 2021. Binance strongly believes that you may be coming from anywhere, but everyone has the right to spend, share, or even save their money. It's our money and we have to know what to do with it correctly. And using an application like Binance will help you to reach your goal and do what you want to freely without any restriction.
Is Binance down or not working?
One of the applications every one of us knows well is Binance. Binance is a very good app for traders to do their trading comfortably. Now recently a problem has occurred that the Binance app is slowed down or not working. What happened suddenly to the application is the question everyone wants to know the answer to. Because one application that runs daily and is used by a large number of people is now working suddenly, putting a halt to many of them.
Why Binance is not working?
Binance being a Chinese digital asset exchange Binance is now among the best 20 exchanges by volume. The volume on the platform is relatively high for pairs like NEO/BTC, GAS/BTC, ETH/BTC, and BNB/BTC. Binance is an app that can be accessed on many the platforms like Mobile and Websites. And it is said to be facing issues from Mar 24th. There are many reports being issued on social media platforms that Binance is not working and, on Twitter, if you take retweets are becoming high. There is a graph showing on the net that, people reporting for the issue is very high than the graph rate. On Twitter, on 24th March, a tweet from the official Binance app came that, “There is an issue, and spot trading is currently unavailable. They also added that the issue will be resolved soon” And the next update came a few hours later which stated that the maintenance is over and the services will be resumed from 2 pm.
Most reported problems when Binance was not working were namely :
These are all the different kinds of issues people faced when Binance was working properly
How to fix Binance not working?
There may be many issues why Binance might not be working, let us see some of the issues :
1. Update the app:
This may occur if you had not updated the app. Do check about it regularly.
2.No proper net connection
Check whether you have a proper Internet connection.
3.Check your Router :
Try turning off the router. For this, you always have to disconnect the power cables for around 30 seconds. Wait until you get a refreshed connection.
4.Check Binance servers/ official site
There may some kind of issues from the application side itself.
5.Clear data in the app :
For this, you can go to the settings option first. And in that select the clear cache.
Binance login
Binance login can occur due to many issues, and at present main reason was the Binance app is slow or not working properly. There are many ways you can try as a solution to get inside your account, some of them are :
But the reason for not getting inside your account is the maintenance issue that is going on. When it is resolved, you can log in properly to your account.
Binance maintenance today
There was a maintenance issue going on 24th march yesterday. Due to this spot trading was not possible. Later the same official people gave updates on fixing the maintenance issue and the application would well. So as of today, the maintenance issue of the Binance app is been solved and the app is working very well.
Is Binance down or not working: FAQs
Binance is a trading app where you are allowed to trade cryptocurrencies.
Binance was founded by Changpeng Zhao on July 2017.
Yes, the Binance app was facing some maintenance issues.
The Binance app was not working because of some maintenance going on.
We can access the app on both mobile and the website.