Binance cryptocurrency exchange has temporarily disabled both deposit and withdrawal functions on its platform due to some issues with Amazon Web Services Relational Database Service in Tokyo.
Dear user,
— Binance Customer Support (@BinanceHelpdesk) August 23, 2019
Thanks for reaching out.
We apologize for the inconvenience caused.
Due to the network issue from service provider AWS, Binance has temporarily disabled the deposit and withdrawal function. But the trading function is not affected.
You can refer to th…
This issue has affected KuCoin exchange as well, causing major interruption on the exchange services.
At the time of writing, Amazon AWS still having technical issues.
I think its time to consider using decentralized exchanges (DEX) instead of the centralized one. Decentralized platforms offer high availability, scalability and better security.
