Binance Opens Native Bitcoin Network Withdrawals First in Phase-One Window

By Crypto Wire
November 1, 2026

Binance has flipped Bitcoin-network BTC withdrawals back to enabled inside the November 1 phase-one window — the first named rail from Recovery Update #4’s 06:00–09:00 UTC schedule to clear live on the exchange’s capital config, while the rest of that first-wave table still reads maintenance. That is tonight’s Rug Room reopen beat: not another calendar promise, but a verified BTC rail that will actually process.

What the live config shows right now. A fresh read of Binance’s public capital network list shows BTC on the Bitcoin network with withdrawEnable set to true and deposits still open, while wrapped or side-rail BTC paths such as BSC, SegWit, and Lightning remain withdrawn-off under maintenance or unsupported flags. Coin-level withdrawAllEnable for BTC is true. Prefer that config snapshot — and the withdrawal page / network status page Binance told users to check — over secondary headlines that imply every phase-one asset is already clearing.

How that sits against the official phase-one script. Update #4 said phase one would resume between 06:00 and 09:00 UTC on November 1, deposits would stay open, and the first wave would open BTC, ETH rails, BSC, TRX, SOL, XRP, ZEC, DOGE, TON, Polygon, Avalanche C-Chain, Arbitrum, Base, Optimism, and Sui progressively after security and readiness checks. Binance’s own X-facing line, as carried by AFP, named the Bitcoin network as the first batch opened in phase one. Reuters separately reported that Binance posted on its status page shortly after 0600 GMT that planned withdrawals had begun. The desk’s live check still finds only the native BTC network open among that printed first-wave set — ETH, USDT/USDC corridors, SOL, XRP, ZEC, DOGE, and the other listed nets remain on maintenance withdrawDesc text.

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What operators are saying as the window runs. TechFlow’s exclusive desk reported an official Binance statement that the Bitcoin network was first to resume in phase one and that withdrawals are now available, with later exclusives noting that future withdrawals will process from a new wallet address and that co-founder He Yi said withdrawals were processing smoothly. Treat those as corroboration of the BTC-first reopen, not as proof that ETH or stablecoin corridors are already green — the capital list still says otherwise at this snapshot.

What this chapter will not invent: a full fifteen-network clear, a dated phase-two calendar, confirmed zk PoR numbers ahead of the ~November 3 target, or any claim that users can already pull USDT/USDC on every listed L2 tonight. The hard primaries here are Update #4’s window and asset table, the live capital flag that native BTC withdrawals are enabled while peer phase-one pairs stay suspended, AFP’s Binance line naming Bitcoin as the first opened network, and Reuters’ note that status-page messaging flipped after 0600 GMT.

What to watch on-chain next: Watch the capital config and network status page for the next phase-one pair to flip withdrawEnable after BTC — especially ETH, USDT/USDC corridors, SOL, and XRP — plus any official note naming the new withdrawal wallet cluster, freeze or recovery prints that cite the FBI TraderTraitor address list, and the promised fuller proof-of-reserves package around November 3.

Bottom line: Binance’s phase-one window is live with native Bitcoin-network BTC withdrawals enabled first, while the rest of the Update #4 first-wave table still shows maintenance holds on this desk’s capital snapshot.

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