When paypal/banks put a temporary hold on transactions is that fraud? Binance is reputable among those who use it.
A bank halting withdrawals would be shut down. Massive difference between putting a hold on an account and freezing across the board.
And for good reason. From the outside, it’s impossible to determine if they’re having liquidity or operational issues. Let that question fester and you get a run.
Paypal sometimes withholds funds to check some transactions. They are legally a bank in europe.
A bank temporarily halting withdrawals may not be shut down, but it would be massively fined.
https://www.investopedia.com/articles/markets-economy/082316...
https://www.irishtimes.com/life-and-style/homes-and-property...
Anyway , i ve been burnt by banks enough in the past to know that binance is better than banks. I can't be preached about it.
Then again, binance is an exchange, not a bank, and exchanges do halt transactions. Some companies even freeze people's buy buttons, and go unpunished.