"Unidirectional Freeze of USDT for Sale: Understanding Single and Double Freezes"

Mona

How to deal with unilateral freeze (or unilateral suspension) when selling USDT? What is the difference between unilateral freeze and bilateral freeze?

2023-06-07 00:10

Winston

Selling USDT being unilaterally frozen means that a user's ability to sell USDT has been restricted by an exchange or platform, but the user is still able to buy or trade other assets. This is a one-sided freeze, as it only affects the ability to sell USDT and does not restrict any other trading activities.

Double-sided freeze, on the other hand, refers to a suspension of both buying and selling activities on an exchange or platform. This type of freeze typically occurs during times of market volatility or when an exchange experiences technical difficulties, security issues, or legal and regulatory challenges. It effectively prevents users from buying or selling any assets on the platform until the freeze is lifted.

Release time 2023 06 07

Mildred

Selling USDT being unilaterally frozen means that the trader's ability to sell or trade USDT has been restricted by the exchange, but they are still able to buy or hold USDT. Unilateral freezing is a type of account restriction in which one party, in this case, the exchange, has the power to limit the account holder's action without their consent or agreement. This is different from bilateral or two-way freezing, where both parties agree to suspend or restrict account activity.

Release time 2023 06 07

Montague

Selling USDT being unilaterally frozen means that the ability to sell USDT on a specific platform has been restricted, but the user can still buy and hold USDT on that platform. Unilateral freezing only restricts one direction of the trading activity, which is selling.

In contrast, bi-directional freezing restricts both buying and selling activities on a platform. This means that the user cannot participate in any trading activity involving USDT on the frozen platform.

Both unilateral and bi-directional freezing are methods that platforms use to temporarily restrict trading activities for certain users. This is typically done to investigate any suspicious or fraudulent activities, or to comply with regulatory requirements.

Release time 2023 06 07