Sell my crypto on binance bridge

Recently, high transaction fees and severe network congestion have hampered the Ethereum network. BSC is basically a copy of Ethereum with a few major tweaks. PoSA allows for significantly higher transaction throughput and thus dramatically reduces fees and congestion. This is fantastic for transaction throughput, but it sacrifices decentralization of the network. Thousands of new decentralized finance DeFi applications have sprung up on BSC to attract users who turned away from Ethereum due to high fees. They offer financial services like lending, borrowing, staking for interest and more.

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Content:

• Binance begins to restrict US users ahead of regulatory-compliant exchange launch
• How to Bridge BNB Crypto from Binance Smart Chain to Fantom
• How to Use Binance Smart Chain if You Can’t Use Binance
• Hackers have stolen $80 million in cryptocurrency from the Qubit DeFi platform
• MyEtherWallet Moves to Integrate with Binance Smart Chain
• 4 Ways To Do More With BTC on Binance Smart Chain!

WATCH RELATED VIDEO: How to Use Binance Bridge to Fund Your Pancake Swap Wallet \u0026 Trade on the Binance Smart Chain

Binance begins to restrict US users ahead of regulatory-compliant exchange launch

It's even worse when you realise there's little chance of getting it back. This is the story of how I got my fingers burned in the murky of world of cryptocurrency investment. After a decade as a tech journalist, I liked to describe myself as a "lunchtime-adopter", somebody who acted faster than many, but would never be as smart as the early adopters.

So it was with cryptocurrencies. I had heard about Bitcoin, but it was one of those technologies where I nodded my head sagely whenever I was in the same room with those talking about it.

As for investing or speculating, I had absolutely no intention of doing so. And it wasn't just Bitcoin, other cryptocurrencies interested me, such as Ethereum. So in the middle of , I made some investments, figuring that it was a long-term plan and might even become a nest egg for a pension. Even after a lot of tutorials from very patient friends, I pulled out three times from completing my initial transaction.

One wrong press of the key and I thought I'd lose my money. There seemed to be two options: to store my crypto on an exchange, or in an encrypted digital storage wallet. When I researched the subject, there were stories of exchanges being hacked for millions of pounds and going bust, so I decided to store it in a wallet - myetherwallet. I was given two keys, one private and one public, both of 40 random numbers and letters. If I wanted to transfer money to my wallet, I used the public key; to access my wallet I used my private key.

I was told to write down my private key and store it securely with other financial documents. I was never to reveal it to anyone, or lose it. So I printed it out, but also made the fateful decision to store it in my Gmail drafts, so I could copy and paste it when I needed to make a transaction rather than laboriously typing it out each time. I deleted my internet history after every check of my wallet for extra security.

When the price of Ethereum rocketed, I was soon sitting on a decent pile of money. I hadn't used my private key to access my account for some time and was getting the jitters when the price of all cryptocurrencies began to fall in Maybe it was time to take some out. It had been moved to another private key address and there was absolutely nothing I could do about it. There seemed to be no-one to complain to. After contacting people in my extensive crypto network, I found out that my Ether money had been taken to the Binance cryptocurrency exchange and, according to Binance, moved again within 60 minutes.

Trying to get information from Binance was a Kafkaesque nightmare - just an automated message saying it would respond within 72 hours when 72 seconds would have been more useful.

Binance wouldn't disclose anything anyway until it has been contacted by law enforcement, so I went to the Action Fraud website , reported my case, and obtained a crime number.

But six months passed with no news on my stolen investments, so I went on the offensive and contacted US bounty-hunters CipherBlade who work with the FBI in Philadelphia to pinpoint thieves and track them down - in exchange for a percentage of the bounty. They discovered that my money had been deposited by the thief or thieves in a "consolidation wallet" then divided up in to chunks and sent to four different deposit addresses on the Binance exchange.

The police would need to contact Binance, they said, to find out who owned these accounts, using email and IP addresses and any other personal details the thieves may have given. I sent CipherBlade's report to Action Fraud and things finally began to move. The following morning I was contacted by Sussex's cybercrime unit, my local force, and within a week they had received useful information from Binance. The unit tracked IP addresses to a telecoms company in the Netherlands, but there weren't any personal identification details to be had - perhaps unsurprisingly.

More Technology of Business. The investigations continue, and my money remains stolen. Of course, I should never have stored my password anywhere on my computer. Malware can scan keystroke movements and sniff out a private key - even if, as I had done, you chop it up into separate blocks and store it in different places.

But writing down a private key on paper can be just as hazardous. A house fire, flood, hungry pet - simply a bad memory - can mean that huge amounts of cryptocurrency are lost forever. You could hammer out your private key on to a fire and corrosion proof titanium tag - check out Cryptotag 's solution - and then store it in a bank vault, but this is hardly convenient if you want to access your crypto wallet regularly.

So I'm left with my fingers burned, feeling like I wandered in to a savage bazaar where criminals can pick your pocket at will. And get away with it. Fake BBC page promotes Bitcoin scheme. Image source, Dan Taylor Photography. Monty Munford says the world of cryptocurrency is like a "savage bazaar". Be warned. Image source, Getty Images. The problem with passwords - or private keys - is that they can be stolen. But doing so was utterly terrifying. How prophetic that turned out to be.

Ethereum and other cryptocurrencies, can be moved in seconds. Mystery as Quadriga crypto-cash goes missing UK firm linked to Bitcoin billions theft.

Consumer protections aren't available to Bitcoin or Ethereum buyers. Then that decent pile of money disappeared. Binance only got involved once the police had contacted them. UK authorities got more involved once Monty had a report made by US bounty hunters. Could Facebook's Libra be stopped in its tracks? Making classic cars go faster with old Tesla motors If one drone isn't enough, try a drone swarm Genetic testing: What secrets could it reveal about you? Are speed limiters the best way to reduce road deaths?

Please learn from my mistakes. Published 8 May Published 23 January Published 17 January Related Topics. Internet fraud Fraud Cryptocurrency.

How to Bridge BNB Crypto from Binance Smart Chain to Fantom

As the public awareness and adoption of Bitcoin increases, masses of new users are beginning to enter the market. With the increasing number of bitcoin users comes a variety of new expectations and use cases for Bitcoin. We intend to continue to honor this value — innovating the ecosystem to provide opportunities for our diverse community to achieve the freedom of money. BTCB is operated on a centralized and trust-based model. Our job is to ensure the impenetrable security of your funds and transparency. The transparency is ensured through the Proof of Assets webpage , where you can verify the current supply for all locked and issued assets on the public blockchain. What are the main advantages of BTCB?

How to Use Binance Smart Chain if You Can’t Use Binance

Different blockchains are being used around the world, and each blockchain has its own consensus mechanism and transaction methods. This makes it hard to share data between different blockchains. From this perspective, each blockchain is a silo, and many crypto projects have sought to create ways to enable the transfer of digital assets from one blockchain to another. At Binance, we are dedicated to spreading the freedom of money. We make it easy for people to use and send their crypto and other digital assets. With this in mind, we have recently launched the Panama Project , through which we aim to break blockchain silos and enable cross-chain transactions with one click. Through the Panama Project, which is part of our bigger Token Canal Project , we will leverage the bridging services of Binance Smart Chain BSC for cross-chain asset circulation and to truly realize a connected blockchain world. Binance launched the Token Canal Project in early September, with the goal of introducing more crypto assets into different blockchain ecosystems, while guaranteeing conversions to and from the original tokens with our track record and infrastructure. By mapping different tokens on BSC, we facilitate the cross-chain circulation of different network assets.

Hackers have stolen $80 million in cryptocurrency from the Qubit DeFi platform

Exodus is a Argent is currently in an invite-only beta, but it's fully functional, and everything I've done with it was real — actual cryptocurrency was moved around and locked in smart contracts that provided the functionality described above. The Nano X also has a slightly larger screen that displays at a higher resolution. As the Ethereum price is surging, the gas price is making the network almost unusable for small transactions, and with the gas control feature, you are more likely to pay less gas fees at the To minimize the risk of failed transactions we automatically pick the gas price required based on current network conditions, as mentioned earlier. The projects will notably combine their total value locked TVL sums, i.

MyEtherWallet Moves to Integrate with Binance Smart Chain

Top news. What is Binance Bridge? Watch this video to learn more. The Peg-in method allows users to swap native tokens in exchange for the equivalent amount of pegged tokens on Binance Chain or Binance Smart Chain. Conversely, Peg-out allows users to exchange pegged tokens for native tokens.

4 Ways To Do More With BTC on Binance Smart Chain!

With Trust Wallet, you are in control over your funds. Receive, send, store and exchange your cryptocurrency within the mobile interface. While Binance Chain offers a high-throughput targeting active crypto trades, it lacks in the programmability department. Binance Smart Chain exists to change that. Launched in September , Binance Smart Chain boasts a five-second block time, cross-chain asset transfers, EVM compatibility, and a Proof of Staked Authority consensus protocol to ensure scalability.

Binance Smart Chain has already been live for more than two months. Thanks to its growing ecosystem of decentralized applications, a lot of use cases have started to emerge. We understand.

Ethereum Stack Exchange is a question and answer site for users of Ethereum, the decentralized application platform and smart contract enabled blockchain. It only takes a minute to sign up. Connect and share knowledge within a single location that is structured and easy to search. This is confusing me a lot.

The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U. Chiefly, Binance will no longer permit U. Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades.

Bridge fee or 0. Every transfer involves 2 transactions: on the source and destination chains. The transfer takes only as much time as is required by the given blockchains to confirm it.