Binance Suspending BNB Deposits and Withdrawals for Scheduled Maintenance

In a recent announcement, Binance revealed plans to temporarily suspend BNB deposit and withdrawal functions on its network, effective April 17, 2025.

Binance, one of the leading cryptocurrency exchanges, is set to temporarily suspend BNB deposit and withdrawal functions on its network from 06:00 UTC on April 17.

Why Is Binance Suspending BNB Withdrawals?

The cryptocurrency exchange will be performing scheduled wallet maintenance, which is part of its ongoing efforts to boost the system's performance and ensure optimal reliability of the BNB Smart Chain.

"Our technical team will be performing some scheduled wallet maintenance at 06:00 UTC on Monday, 17 April. This maintenance is part of our commitment to continually improve the performance and reliability of the BNB Smart Chain for our users," a Binance spokesperson told.

"In preparation for this maintenance, we will be pausing all related deposit and withdrawal activities at 05:55 UTC. The trading activity will not be affected during this time period."

This maintenance comes as the platform is preparing for the upcoming launch of its highly anticipated Binance Points service, which is set to revolutionize the way users interact with the exchange and unlock exclusive benefits.

What Does This Mean for BNB Users?

During the maintenance period, which is expected to last around one hour, users will not be able to withdraw or deposit BNB tokens from their Binance accounts or to other wallets and exchanges.

However, the trading activity will not be affected, meaning users can still buy and sell BNB on Binance without any interruption.

The brief pause in BNB transfer functions is likely to attract attention in the crypto sphere, given the high volume of activity on the BNB Smart Chain.

With over 1.25 million active addresses and a throughput of 60,000 transactions per second, the BNB chain is a hub for Decentralized Finance (DeFi) applications.

Impact on DeFi Applications

This will be a temporary setback for crypto enthusiasts who utilize the network's capabilities for various DeFi applications.

However, the rapid response and efficient service recovery that Binance is known for are expected to ensure minimal disruption to users' overall experience.

As the cryptocurrency market continues to evolve at a breakneck pace, exchanges like Binance are at the forefront of technological innovation.

The introduction of Binance Points is a testament to the platform's dedication to providing users with cutting-edge services.