Binance System Upgrade Announced for October 8, 2024

Scheduled Binance System Upgrade: October 8, 2024

On October 8, 2024, Binance will execute a planned system upgrade starting at 06:00 UTC. This operation is anticipated to last around 15 minutes, with the primary goal of enhancing the overall performance and stability of the platform.

Impacted Services During the Upgrade

During this brief window, users should be aware that several key services will be affected:

• Crypto Deposits & Withdrawals: Unable to deposit or withdraw cryptocurrencies.
• Spot Copy Trading: Opening new positions will be disabled.
• Spot & Futures Trading Bots: New positions cannot be opened during this time.
• Account Transfers: Includes transfers across sub-accounts, margin accounts, futures, options, pool accounts, and fiat wallets.
• Margin Trading: Activities including cross, isolated, and portfolio margin will be paused. Ongoing liquidations may also be interrupted.
• Spot Referral & Liquidity Provider Rebates: Temporary unavailability of these services, with credits scheduled to be distributed post-upgrade.
• Binance Bridge (Web3 Wallet): Users will experience disruptions with this feature.

Other Affected Transfer & Trading Services

The following services will also be impacted:

• P2P Trading
• Convert and OTC Portal Trading
• Auto-Invest
• Convert Low-Value Assets to BNB
• Crypto Purchases via Cards
• Fiat Deposits & Withdrawals
• Fiat Buy & Sell Crypto
• Subscription & Redemption of Earn Products
• Loans Services
• Pay Transactions

Advice for Users

Binance advises all users to be aware of potential interruptions in these services during the specified upgrade window. It is recommended to complete any urgent trading or withdrawal requests beforehand to avoid disruption.