This guide introduces you to a few critical concepts you need to kick-start your crypto journey on Binance. You may have a chance to earn crypto rewards after completing some educational tasks, including reading articles, watching video clips, and passing quizzes.
Deposit And Withdraw Crypto With Caution! You May Not Be Able to Recover a Wrong Transfer!
When depositing or withdrawing crypto into your Binance account, pay careful attention to your chosen network. It’s easy to confuse BNB Smart Chain (BEP-20) with Ethereum (ERC-20) and send your tokens to the wrong blockchain.
If the crypto wallet you deposited into supports BEP-20 and ERC-20 tokens, you can send your crypto back to Binance with a few simple steps.
If your wallet only handles ERC-20 or BEP-20, you will need to import your wallet’s private key into a new wallet that supports both blockchains.
Always input the address by copying and pasting or scanning the QR code. DO NOT enter manually. Depositing to the wrong blockchain network may lead to permanent loss of funds.
Read more：
How Do I Deposit/Withdraw Cryptocurrency on Binance
How to Check Cryptocurrency Transaction Status on Blockchain
How to Recover Crypto Transferred to the Wrong Network on Binance