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Why BCC Cannot Withdraw (BCex Cannot Withdraw)

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Why BCC Cannot Withdraw? Why BCC Cannot Withdraw?In the Bitcoin Cash project, si

Why BCC Cannot Withdraw (BCex Cannot Withdraw)

Why BCC Cannot Withdraw? Why BCC Cannot Withdraw?

In the Bitcoin Cash project, since no entity can control the quantity of its nodes (i.e., nodes), transactions cannot be conducted. However, this does not mean that all networks are frozen or shut down. To maintain the security and stability of the network, users must transfer funds from their accounts when they start using the blockchain.

Because currently, most exchanges will stop their services and restrict customer withdrawals.

So why can’t BCC withdraw?

First, it’s because they do not have management access to their wallets or support other technical capabilities such as private keys/mnemonic words, public keys, etc.

Second, it is necessary to ensure asset security and privacy in various ways. Additionally, it is to provide more choices and reduce the loss of digital currencies.

Finally, to prevent such situations, it is necessary to register an account and password to operate normally; otherwise, there will be risks such as hacker attacks and system interruptions. If such a crisis occurs, a “double-spending attack” is likely to happen, rather than the previous large-scale losses. In addition, there are some reasons why BCC servers cannot be accessed and cannot be upgraded to new software versions (such as EOS).

These problems are all caused by user mishandling. For those who want to log in to this website using their mobile phones, don’t worry because there is a lot of information on your phone about whether you can log into your page (including login time) and password security issues. (There are also many vulnerabilities and bugs involved in this regard.)

BCEx Cannot Withdraw

According to coindesk’s report, BCex platform cannot withdraw. The exchange BCex, which suspended withdrawals due to a ban by the Financial Conduct Authority (FCA) on June 16, stated that it had received notification that users have registered and completed the KYC process on the website but cannot withdraw funds. Since it provides an open wallet, any individual or entity can use this wallet to send and receive tokens. Therefore, it is still unclear why these wallets are prohibited from being used.

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