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Home»ADOPTION NEWS»Binance Announces Ethereum Network (ETH) Wallet Maintenance
ADOPTION NEWS

Binance Announces Ethereum Network (ETH) Wallet Maintenance

By Crypto FlexsMay 29, 20242 Mins Read
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Binance Announces Ethereum Network (ETH) Wallet Maintenance
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According to Binance, the leading cryptocurrency exchange will perform wallet maintenance for the Ethereum network (ETH) on May 29, 2024. The maintenance is scheduled to begin at 07:00 (UTC) and will take approximately 2 hours.

Impact on deposits and withdrawals

To facilitate wallet maintenance, Binance announced that it will temporarily suspend deposits and withdrawals on the Ethereum network (ETH) starting at 06:55 (UTC) the same day. Operations will resume once maintenance is complete and the network is deemed stable.

Transactions not affected

It is important to emphasize that trading of ETH and other tokens on the Ethereum network will not be affected during the maintenance period. Binance has assured users that all technical requirements related to maintenance will be handled by its team.

key point

  • The maintenance will begin at 2024-05-29 07:00 (UTC) and will last approximately 2 hours.
  • ETH deposits and withdrawals will be suspended from 06:55 (UTC).
  • Transactions of ETH and other tokens on the network will not be affected.
  • All technical requirements are managed by Binance.
  • Deposits and withdrawals will resume once the network stabilizes without further notice.

Users are advised to plan their trading accordingly and keep an eye on Binance’s official announcement for any updates. This maintenance is part of Binance’s ongoing efforts to provide users with a safe and reliable trading environment.

Image source: Shutterstock

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