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DeFi小矿工🔶 BNB
DeFi小矿工🔶 BNB|Aug 22, 2025 12:58
For most crypto users, cashing out has always been an unavoidable topic. You often see posts on Twitter and Binance Square about "how to cash out safely" or "what to do if your funds get frozen after cashing out." This week, Binance announced the launch of its "Selected Zone," marking a new era of cash-out compensation for exchanges. If funds in the Selected Zone are judicially frozen, users can receive compensation of 50% of the transaction amount, with a single claim capped at 20,000 USDT. Shortly after, HTX also released a similar announcement, claiming 100% compensation. But after carefully studying both announcements, it seems that while HTX offers "100% compensation," their cap is only 10,000 USDT—half of Binance's limit. Moreover, when it comes to compensation requirements, Binance keeps it simple and clear: as long as "funds in the Selected Zone are judicially frozen," you can apply for compensation. HTX, on the other hand, has six conditions, which are long and complicated. It feels like they might make things difficult for users if issues arise. The key issue with cashing out is still whether the merchants' funds are secure. Binance's Selected Zone is already limited to Shield/Massive merchants who apply to join. Not only do they need to provide a 100,000 USDT security deposit, but they also undergo strict reviews before becoming Selected merchants. So for the vast majority of crypto users, Binance's Selected Zone—with its 20,000 USDT compensation limit and high-quality merchants—is more than enough to meet daily cash-out needs. Plus, there's a lucky draw going on right now where you can win an iPhone 17! #Binance #Crypto #CashingOut
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Timeline

Sep 20, 18:23NEAR undergoes contract resonance review
Sep 20, 08:14Binance compensation ratio increased to 100%
Sep 20, 08:05Idle assets can also earn returns
Sep 20, 05:52Binance C2C Launches Shield Advertiser Upgrade Campaign
Sep 20, 05:33Transfers exceeding 5 million will be 'strictly' reviewed.
Sep 19, 14:43Orderly announces support for BNB as margin
Sep 19, 12:17Momentum demonstrates strength in security incidents
Sep 19, 04:16Binance will adjust PM Pro and contract leverage margin levels
Sep 19, 00:30U.S. lawmakers question TRON IPO and Justin Sun investigation
Sep 18, 14:05Kraken collaborates with Legion to launch MiCA-compliant token sales

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