Fellow Binancians, Binance will reopen deposits and withdrawals via the Polygon (MATIC) network once we deem its network to be stable . A further announcement will not be posted. Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously.14 Mar 2022
Read moreHow do I withdraw Matic from Binance?
In Binance go to your polygon matic in your wallet, click on withdraw , when this opens up you will see a selection for “network” please ensure you select “Polygon” there are other networks including Erc-20 do not select anything other than polygon.
Read moreWhat network is Matic on?
Which blockchain network hosts MATIC? MATIC is hosted on Ethereum .
Read moreIs Matic limited supply?
Polygon has gained superstar status as the gateway to Ethereum when the latter was struggling with high network congestion and gas fees. MATIC has a fixed supply of 10 billion tokens, with 6.8 billion currently in circulation .
Read moreDoes Binance have polygon network?
Fellow Binancians, Binance is in contact with Polygon (MATIC) network and is assisting to resolve the situation. Binance will reopen deposits and withdrawals via the Polygon (MATIC) network once we deem its network to be stable.
Read moreHow long is a Binance withdrawal suspended?
There will be a temporary delay in withdrawal processing as the backlog is cleared. We expect this to last about 30 minutes .
Read moreWhy is Binance withdrawal suspended?
Well, Binance tweeted that the suspension of withdrawals was due to a large backlog in their database . The support team was working hard to get all the issues solved. Nonetheless, this would lead to an unprecedented amount of messages by the community, some even deleted by now.
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