Do NOT buy ALGO on Binance if you want to participate in the governance program!!

To participate in the Algorand governance program, you need to deposit your Algo in one of the supported wallets.

Binance has conveniently disabled ALGO withdrawals a few days ago by putting it in “maintenance mode”. Up until today it said withdrawals would be re-enabled on 30 september. I just checked again and now it says 15 October.

Maybe they’re scared of a large Algo outflow? Smells of manipulation.

Anyway, don’t buy ALGO on Binance, you won’t be able to withdraw to the supported wallets for the governance program. Be warned!