My BNB Withdrawal Transaction is Pending!! (How to Fix It?)

If you’re an investor, trader, or user of Binance Coin (BNB), it’s common to run into technical issues from time to time. 

One of the most frustrating problems you can face is a pending withdrawal transaction. Seeing that your BNB withdrawal request is stuck can be concerning, especially if you’re eager to access your funds. But don’t panic.

There are several reasons why a BNB withdrawal may be pending, and fortunately, there are multiple ways you can troubleshoot and resolve the issue.

In this article, we will explore the potential causes of a pending BNB withdrawal, how to check the status of your transaction, and actionable steps to fix it.

Why is My BNB Withdrawal Pending?

Before you start trying to fix the issue, it’s important to understand why a BNB withdrawal might be pending. Here are some common causes:

1. Network Congestion

Blockchain networks, including Binance Smart Chain (BSC), can experience congestion during periods of high traffic. When too many transactions are happening at once, it can delay the processing of withdrawals. Just like how bank transfers take longer during peak times, crypto networks can also experience backlogs.

2. Low Gas Fees

When transferring BNB (or any other cryptocurrency), you need to pay a “gas fee” for the transaction to be processed. If you set the gas fee too low, miners may prioritize other transactions with higher fees, causing your withdrawal to be stuck in the pending state.

3. Maintenance or Technical Issues

Sometimes, Binance may perform system upgrades or maintenance on its exchange platform, which could lead to delays in processing withdrawals. During these times, withdrawal requests may be queued and delayed.

4. Verification or Security Checks

For security purposes, Binance may place temporary holds on transactions that appear suspicious. If you recently changed your account details or there’s been an unusual amount of activity, your withdrawal might be delayed while the platform performs additional verification checks.

5. Incorrect Network Selection

When withdrawing BNB, you need to ensure that you select the correct blockchain network (e.g., Binance Smart Chain or Ethereum). If you select the wrong network, your withdrawal may be delayed or stuck because the transaction won’t be processed by the intended blockchain.

6. Pending Deposits or Unsettled Transactions

If you have pending deposits or unsettled transactions in your Binance account, it could prevent your withdrawal from being processed. In such cases, the system waits for all pending transactions to be confirmed before allowing new withdrawals.

7. Issues with the Receiving Wallet

If there’s an issue with the wallet you’re withdrawing to (for example, it has network congestion, incorrect details, or issues with its internal processing), the transaction may appear as pending on your Binance account.

How to Check the Status of Your BNB Withdrawal

Before jumping to solutions, it’s crucial to first confirm the status of your BNB withdrawal. Here’s how to do it:

1. Check Binance Transaction History

Log into your Binance account and navigate to the “Withdrawals” section under “Transaction History.” Here, you’ll see a list of all your recent withdrawal transactions and their statuses.

• If the status is “Pending,” it means that the transaction has not been processed yet.
• If the status is “Completed,” your withdrawal was successful.
• If the status is “Failed,” the withdrawal has encountered an error.

2. Check the Transaction ID on BSCScan

You can use a blockchain explorer to track your BNB withdrawal. If you were withdrawing via Binance Smart Chain (BSC), use BSCScan, which is the official explorer for BNB and other BSC assets.

• Copy your transaction ID from Binance (TXID).
• Go to BSCScan.
• Paste the TXID into the search bar.
• Check the status of the transaction. If it is “Pending” or “Unconfirmed,” it’s likely still waiting to be processed by the network.

3. Check Gas Fees and Transaction Speed

If the transaction is stuck due to low gas fees, BSCScan will often show that the transaction is waiting for miner confirmation. You can check if a higher fee would speed up the transaction, but on Binance, this might require you to cancel and initiate the withdrawal again.

How to Fix a Pending BNB Withdrawal

Now that you understand the possible causes of the pending withdrawal, let’s discuss the steps you can take to resolve the issue.

1. Wait for Network Congestion to Subside

If network congestion is the issue, there’s not much you can do except wait. The Binance Smart Chain or Ethereum network may be experiencing high traffic at that moment. In such cases, your transaction will likely process once the backlog clears. Keep an eye on the transaction status through your Binance account or BSCScan to monitor any updates.

2. Increase Gas Fees (If Applicable)

In cases where low gas fees are the problem, Binance typically doesn’t allow you to adjust gas fees for withdrawals. However, if you’re withdrawing BNB to an external wallet, you may have the option to adjust the gas fees. If the fee is too low, miners may ignore your transaction, leaving it stuck.

If this happens, you may need to wait until the system retries or manually resubmit the withdrawal with a higher gas fee. Alternatively, you could cancel the withdrawal and try again later when the network is less congested or when you can afford a higher fee.

3. Check Binance’s System Status

Sometimes, delays occur because Binance is undergoing maintenance or system updates. You can check the status of the Binance platform by visiting their System Status Page. If there’s any ongoing maintenance or issues affecting the exchange, this will usually be reflected there.

If maintenance is the reason for the delay, all you can do is wait until the maintenance finishes. Once the platform is back online, pending withdrawals should process as normal.

4. Verify Your Identity and Account Details

If you’ve recently updated your Binance account details or made changes to your security settings (like 2FA), Binance may temporarily hold transactions until they verify your identity. In this case, ensure that you’ve completed all verification processes. You may need to provide additional identification or security information.

Check for any emails from Binance or notifications in your account for instructions on how to resolve these verification issues.

5. Double-Check Your Withdrawal Address

An incorrect withdrawal address can cause a delay in your transaction, or even prevent it from being processed. Make sure you have entered the correct wallet address, and ensure that it supports Binance Coin (BNB) on the network you’ve selected.

For instance, if you mistakenly select the Binance Chain (BEP-2) network instead of the Binance Smart Chain (BEP-20) network, your transaction may be delayed or not recognized at all. Double-check the receiving wallet’s network settings and address.

6. Cancel and Resubmit the Withdrawal

If the withdrawal is still stuck in the pending state after a significant period, and there are no signs of network congestion or system maintenance, you may want to cancel the transaction and try again. Some users report that re-submitting the withdrawal after a cancellation fixes the issue, particularly when there’s a problem with low gas fees.

To cancel your withdrawal, navigate to the withdrawal page on Binance, find the transaction, and click the “Cancel” button. After cancellation, re-initiate the withdrawal, ensuring that all details are correct, and consider adjusting gas fees if applicable.

7. Be Patient and Stay Informed

Sometimes, issues with withdrawals are temporary, and they resolve themselves after a certain period. Stay informed by regularly checking your Binance account and blockchain explorer to track the status of your transaction.

Conclusion

A pending BNB withdrawal can be frustrating, but it’s usually not something to worry about. Most of the time, it’s a result of network congestion, low gas fees, or other minor issues that can be easily fixed. By following the steps outlined in this article, you should be able to troubleshoot and resolve the issue effectively.

If the problem persists despite trying all the solutions, don’t hesitate to contact MintonBlock for further assistance. With patience and the right approach, you’ll be able to get your BNB withdrawal successfully processed.