Crypto Exchange BitForex Reopens Withdrawal Services

Bittime - BitForex reopens withdrawal services after five months of suspension due to investigation. Customers who have completed KYC verification can now withdraw their funds.

Crypto Exchange BitForex Reopens Withdrawal Services 

Crypto exchange BitForex has finally announced the reopening of withdrawal services after five months of suspension. This decision was made as a result of an ongoing investigation that has attracted the attention of the crypto community worldwide. According to reports from Deep Trend TechFlow and CoinDesk, BitForex will again allow users to withdraw funds once they complete KYC verification.

Service Termination Background

Since February this year, BitForex has stopped all its operating services, including trading, deposits and withdrawals. This decision was made after the exchange was involved in an investigation, which led to the temporary suspension of the exchange. The Hong Kong Securities and Futures Commission (SFC) issued a warning as this situation makes it impossible for many users to withdraw their funds or access the BitForex site.

BitForex Withdrawal Reopening

Customers who have completed the KYC verification process can now withdraw their funds with the return of the BitForex withdrawal service. However, trading and deposit services will still be suspended until an appropriate time.

BitForex stated its commitment to returning all user assets before ultimately ceasing all operations. Once the asset recovery is complete, the company plans to undertake a "comprehensive overhaul" of its systems and operations. It is hoped that this move will increase trust in the platform in the future.

Conclusion

An important step welcomed by the crypto community was BitForex's announcement to reopen withdrawal services after a five-month shutdown, following an investigation that left many users unable to access their funds. This action shows BitForex's commitment to returning all user assets and increasing user trust.

To withdraw funds, the KYC verification process is an important requirement. This marks BitForex's efforts to improve the system and operations in the future. With a comprehensive improvement plan after asset return, it is hoped that BitForex can repair its reputation and provide more secure and reliable services to its users in the future.

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You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

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