Binance Withdrawals Resume: What Indian Users Must Know

Binance withdrawals resumed on 1 November 2026, and for Indian users who have been waiting since the exchange paused withdrawals after its 29 October security incident, this is the update that actually changes what you can do. This is not another promise of a restart date. On Sunday, Bitcoin withdrawals went live first, followed by selected stablecoins and native tokens on Ethereum and BNB Smart Chain, as part of a phased reopening across 15 networks. If you use Binance from India, this guide explains, in plain language, what reopened, what is still pending, and how to withdraw safely without falling for the scams that always follow big exchange news.

> Educational content only. This is not financial advice. Crypto markets are volatile — never invest money you can't afford to lose. This article explains a news development in general terms; it is not advice about any individual's funds, exchange choice, or holdings.

What Actually Happened on 1 November

Binance published its fourth recovery update, titled "Security Incident | Recovery Update #4: Withdrawals Resume in Phases," on 1 November 2026. In it, the exchange said it was preparing to resume phase one of withdrawals between 06:00 and 09:00 UTC on 1 November — that is 11:30 in the morning to 2:30 in the afternoon in India — and that withdrawals would return progressively as security and readiness checks were completed for each asset and network.

The reopening did not happen all at once, and that is by design. Bitcoin withdrawals on the Bitcoin network came first, earlier on 1 November, and Binance founder Changpeng Zhao confirmed the step in a short public post saying that Bitcoin withdrawals were live. Ethereum and BNB Smart Chain followed, reopening withdrawals for the assets most users actually move: the two dominant stablecoins, USDT and USDC, plus each chain's native token, ETH and BNB respectively. TradingView's same-day coverage summarised the sequence the same way: Bitcoin first, then Ethereum and BNB Smart Chain, within a phased rollout that expanded to 15 networks in total.

Reuters reported the same day that Binance had resumed Bitcoin withdrawals on Sunday and said others would follow in phases, after covering 95% of the roughly $6.3 billion in tokens stolen in the incident. That 95% figure is the other headline number of the day, and it matters because it is a step up from the 90% figure Binance reported on 31 October, which was itself up from about 80% in the previous update. Binance co-chief executive Richard Teng confirmed the 95% figure publicly on 1 November and repeated the exchange's commitment that it would absorb the losses caused by the breach.

It is worth being precise about what "resumed" means here. It means the first phase of withdrawals is under way for the listed assets and networks, with each route enabled progressively as checks are completed. It does not mean every asset, every network, or every withdrawal route on Binance is open again. Understanding that distinction is the difference between a smooth withdrawal and a frustrating afternoon of error messages.

Phase One: What Is Open, Network by Network

Binance's recovery update lists 15 networks in its first phase. The full list, as published by the exchange and carried by Business Today and crypto.news on 1 November, is: Bitcoin, Ethereum, BNB Smart Chain, Tron, Solana, XRP Ledger, Zcash, Dogecoin, Polygon, Avalanche C-Chain, Arbitrum, Base, Optimism, TON and Sui.

Within that list, the assets available depend on the network. The confirmed examples from the exchange's own update and the day's reporting are:

Network	Assets reopening in phase one
Bitcoin	BTC
Ethereum	ETH, USDT, USDC
BNB Smart Chain	BNB, USDT, USDC
Other phase-one networks (Tron, Solana, XRP Ledger, Zcash, Dogecoin, Polygon, Avalanche, Arbitrum, Base, Optimism, TON, Sui)	Selected assets per network, enabled progressively

Two cautions apply to this table. First, inclusion in the first-phase list does not mean every listed route became available at the same moment. Binance said explicitly that withdrawals would be available progressively, and its engineers must complete security and stability checks before enabling each asset-and-network combination. Second, the order of reopening was arranged using withdrawal demand recorded during the previous week, so the most-used routes came first. If your asset or network is on the list but still shows as unavailable in the app, that is consistent with a phased rollout, not necessarily a problem with your account.

Deposits, for the avoidance of doubt, were never part of this suspension in the same way. Binance has said throughout the incident that deposit services remained open and were not affected. The pause, and now the phased restart, concerned withdrawals.

What the 95% Replenishment Figure Means — and Does Not Mean

Binance says it has now covered approximately 95% of the impacted amount, up from approximately 90% in its 31 October update. It says it did this by using company money to buy replacement tokens through market and over-the-counter channels, and it continues purchasing the remaining affected assets. Reuters reported the same figure, at about $6 billion of the stolen tokens covered, and noted that partners had frozen or located around $3 billion worth of the stolen assets.

Separately, Binance says ten assets are now fully backed at 100%: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC. That list was first reported on 31 October and repeated in the 1 November update. It is a statement about the backing of customer balances in those assets, not a guarantee about any individual transaction, and it sits alongside a new Proof of Reserves snapshot published at 00:00 UTC on 31 October, with full cryptographic verification expected by 3 November.

For a beginner, the practical reading is this. The 95% figure and the fully-backed list are reassuring signals about the exchange's recovery effort, and they explain why withdrawals could restart at all. They are not a reason to rush. The remaining roughly 5% is still being purchased, the full cryptographic proof is still due, and Binance says it is preparing a detailed post-incident report that has not yet been published. A careful user treats the reopening as good progress in an ongoing recovery, not as a closed chapter.

What Is Still Not Open

The other side of a phased reopening is what remains closed. Binance has said that wallets for other currencies are still undergoing repeated security audits and perimeter checks, and that further phases have no fixed timetable. They will depend on additional security assessments and on user demand. Business Today carried the same point on 1 November: wallets associated with other cryptocurrencies are still being audited, and Binance has not announced a definitive timeline for restoring withdrawals across all remaining assets.

That means three things for Indian users. First, if your asset is not in phase one, there is nothing wrong with your account; you are simply waiting for a later phase. Second, no one outside Binance can honestly tell you the exact date your asset will reopen, so any message claiming a precise date for a later phase should be treated with suspicion. Third, the exchange has warned that users may hit temporary delays while traffic stays high during the first wave of withdrawals. A delay during the first hours of a reopening is normal congestion, not evidence that something has gone wrong with your funds.

The Safe Checklist for Indian Users Before You Withdraw

The reopening is exactly the moment when scammers are most active, because millions of users are anxiously checking their accounts at the same time. Work through this checklist in order, and do not skip a step because you are in a hurry.

1. Go to Binance yourself, never through a link. Open the official app you installed from the official store, or type the address yourself. Never follow a withdrawal, refund, verification or support link sent by message, email, social media or a search advertisement. Fake "withdraw now" pages are the single most common trap during exchange incidents.

2. Check your exact asset and network on the official page. Do not rely on a news article, a social media post or this guide as proof that your route is open. Check Binance's official withdrawal page or network status page for your specific asset and network combination. A route being open for BTC on the Bitcoin network says nothing about your token on another network.

3. Expect delays, and do not retry blindly. Binance has warned of temporary delays during the first wave. If a withdrawal is processing, wait before submitting a duplicate. Duplicate submissions are how people accidentally send twice or confuse their own records.

4. Send a small test amount first. Before moving a large amount to a new address, send a tiny amount, confirm it arrived at the right address on the right network, and only then send the rest. This is the cheapest insurance in crypto, and it matters more than ever when networks are being re-enabled in phases, because a wrong-network mistake is easy to make under pressure.

5. Double-check the network, not just the address. USDT on Ethereum is not the same as USDT on BNB Smart Chain or Tron, even though the token name looks identical. Sending to the right address on the wrong network is one of the most common and most expensive beginner mistakes, and phased reopenings increase the chance of confusion because different networks reopen at different times.

6. Keep your own records in INR. Note the date, the asset, the amount, the network and the approximate INR value at the time of the transaction. Tax note: crypto tax rules can change — the 30% rate and 1% TDS described here were current as of September 2026. Verify the latest rules before filing. Good records also make it far easier to spot an unauthorised transaction early, and they are essential if you ever need to explain a transaction to your bank or tax adviser.

7. Ignore anyone offering to "speed up" your withdrawal. No genuine support agent, exchange employee or "verification team" will ever ask for your password, your seed phrase or a payment to release your funds. Anyone who does is a scammer, whatever logo or job title they use. Real exchanges announce through their official channels and give you time; urgency plus a demand for credentials is itself the warning sign.

8. If you can wait, waiting is fine. There is no deadline in the reopening announcement that punishes users who withdraw next week instead of today. If your asset is open but the app is congested, or if you are unsure about an address, waiting a day for calmer traffic is a reasonable, low-risk choice. Binance has said it will absorb the financial impact of the breach itself, so waiting does not by itself put your balance at additional risk.

The India Angle: Why This Story Matters Beyond Binance

India does not recognise cryptocurrencies as legal tender, but it has not imposed a blanket ban on individuals buying, holding or trading digital assets. Instead, India applies tax and anti-money-laundering requirements to parts of the industry. Virtual digital asset service providers covered by those rules must register with the Financial Intelligence Unit-India and meet customer-verification and reporting obligations. Binance registered with FIU-India in 2024, after an earlier period in which offshore platforms were blocked from India over compliance issues.

That regulatory backdrop is why the phased reopening matters for Indian users in a specific way. An Indian user withdrawing from a FIU-registered platform, keeping INR records, and using official channels is operating inside a system with a grievance process that can actually be used. An Indian user who follows a fake support link, or who moves funds through an unregistered intermediary promising faster access, steps outside that protection at exactly the moment when protection matters most.

There is also a parliamentary dimension that Indian readers will have noticed. On 31 October, Member of Parliament Nishikant Dubey publicly questioned the influence of the crypto lobby following the Binance disclosure, in comments carried by Crypto Times and others. His remarks did not allege any specific wrongdoing by any Indian platform, and they did not provide evidence connecting the breach to lobbying activity. They are, however, a reminder that large exchange incidents in India quickly become part of a wider debate about regulation, and that the rules Indian users operate under can change. Keeping records, using registered platforms and avoiding unregulated shortcuts is the practical way to stay on the right side of whatever comes next.

What to Watch Next

Three milestones will tell you whether the recovery is holding. The first is the full cryptographic verification of the new Proof of Reserves snapshot, which Binance says is expected by 3 November. The second is the next phases of the withdrawal rollout: which assets and networks are added, and whether they reopen without new pauses. The third is the detailed post-incident report Binance says it is preparing, which should explain, in the exchange's own words, how the incident happened and what has changed to prevent a repeat.

None of these milestones requires you to do anything today. They are worth watching because they turn today's good news — withdrawals resuming, 95% replenished — into a track record. A recovery that holds through its proof, its later phases and its own post-mortem is a very different thing from a single good day, and beginners should judge it on the full sequence, not on the first headline.

For now, the honest summary is encouraging but incomplete. Withdrawals have genuinely resumed, starting with Bitcoin and expanding through the first phase's 15 networks. The exchange has covered most of the stolen value from its own funds. And the remaining work — the last few percent of replenishment, the later withdrawal phases, the cryptographic proof and the full report — is still under way. That is progress worth noting, and it is not yet a finished story.

Keep Learning

• Binance Security Incident Explained: What Happened and What Indian Users Should Do
• Binance Withdrawals Restart Plan Explained: India Guide
• Phishing Emails and Fake Exchange Websites: A Beginner's Safety Guide

Frequently Asked Questions

Are Binance withdrawals open again for everyone?

Not all at once. Binance resumed withdrawals in phases on 1 November 2026, starting with Bitcoin and then expanding to selected assets on Ethereum, BNB Smart Chain and other networks in its first phase. Other assets and networks remain subject to further security checks, so the right step is to check the official withdrawal page for your specific asset and network rather than assuming every route is open.

Is my money safe if I wait instead of withdrawing immediately?

Binance has said throughout this incident that user funds remain safe and that it will absorb the financial impact of the stolen funds itself, not pass it to users. Waiting does not by itself create a new risk, and rushing during a high-traffic reopening can create its own problems, such as sending to a wrong address or falling for a fake support link. Take your time, verify through official channels, and only act when you are sure of the address and network.

What should an Indian user check before withdrawing after the reopening?

Confirm the exact asset and network on Binance's official status or withdrawal page, confirm the receiving address with a small test amount first, and keep a record of the transaction in INR for your own tax records. Remember that India's 30% tax on crypto gains and 1% TDS rules still apply to transfers as before, and tax rules can change, so verify the latest rules before filing. Never follow a withdrawal or refund link sent by message, email or social media.

Final Thoughts

The reopening of Binance withdrawals on 1 November 2026 is the first genuinely practical development in this incident for ordinary users, because it changes what you can actually do rather than what you are promised. Bitcoin is live, the first phase covers 15 networks, and the exchange reports 95% of the stolen value replenished. At the same time, the rollout is phased, later assets are still being audited, and the full proof and post-incident report are still to come.

The right response for an Indian beginner is therefore calm and methodical: check your own route on the official page, test with a small amount, keep INR records, ignore every shortcut offered by a stranger, and let the later phases arrive in their own time. In crypto, the users who come out best from an incident are rarely the fastest. They are the ones who verified before they moved.

> Educational content only. This is not financial advice. Crypto is volatile and security incidents can happen even on well-known platforms — never invest money you can't afford to lose, and always verify important announcements through official channels before acting.