Dear BingX Users,
In order to enhance trading and account security, BingX P2P has introduced the T+1 selling and withdrawal limits.
This feature applies to all assets, or its equivalent, purchased through P2P. It does not affect other trading features or services, such as spot trading, futures trading, copy trading, or grid trading.
About T+1 Limits
All assets purchased through P2P will be frozen for a period of "T+1" (24 hours).
During this period, users will be unable to utilize the said assets for P2P sell order, withdrawals, internal transfers, or sending of crypto gifts. However, the said assets can still be used in other trading features and services such as spot trading, futures trading, copy trading, and grid trading. Other assets will not be affected and can be used or withdrawn as usual.
After "T+1", the frozen assets will be automatically released, and users can withdraw them or sell them via P2P.
Note: Crypto purchases via bank cards or third-party platforms are not affected by the T+1 limits.
Example 1:
User A initially has 1,000 USDT. User A purchased 500 USDT via P2P on 2023-08-10 at 12:00 (UTC). Before 2023-08-11 12:00 (UTC), the actual amount of assets under the “T+1” limit is equivalent to 500 USDT.
Example 2:
User B purchased 600 USDT via P2P on 2023-08-09 at 18:00 (UTC) and used the 600 USDT to buy BTC on 2023-08-09 at 19:00 (UTC). The aforementioned BTC asset (equivalent to 600 USDT) can only be withdrawn or used for P2P sell orders after 2023-08-10 at 18:00 (UTC).
Thank you for your support. If you have any questions, please contact our 24/7 online support.
BingX Operation Team
2023-08-12
