Cryptocurrency Q&A
Which network does Binance use?
Which network does Binance use?
Sara
Thu Oct 03 2024
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7 answers
1109
Excuse me, I was wondering if you could clarify something for me. Could you elaborate on the network that Binance utilizes? I understand that Binance is a major player in the cryptocurrency world, but I'm not entirely sure about the specific network architecture or infrastructure they employ to facilitate their transactions and operations. Could you provide me with a brief overview of this aspect of their business? Thank you for your time and assistance.
7 answers
benjamin_cole_nurse
Fri Oct 04 2024
Similarly, when sending ETC (Ethereum Classic), it's important to use the correct address and network. ETC should be sent to your Ledger Ethereum Classic address via the ETC network.
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BlockchainMastermind
Fri Oct 04 2024
Ethereum Classic is a decentralized, open-source blockchain network that shares a similar history with Ethereum but operates on a different blockchain. By sending ETC to your Ledger Ethereum Classic address via the ETC network, you can ensure that your tokens are securely stored and protected.
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Lucia
Fri Oct 04 2024
When dealing with cryptocurrencies, it's crucial to ensure that tokens are sent to the correct addresses and through the appropriate networks. For BNB and BEP20 tokens, it's imperative to send them to your Ledger Binance Smart Chain address via the BNB/BEP20 network.
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CryptoNerd
Fri Oct 04 2024
Among the top cryptocurrency exchanges, BTCC stands out for its comprehensive services. BTCC offers a range of services, including spot trading, futures trading, and wallet services, catering to the diverse needs of its users.
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CryptoWizardry
Fri Oct 04 2024
Ledger, as a renowned hardware wallet provider, offers users a secure and convenient way to store their cryptocurrencies. Its Binance Smart Chain address is specifically designed to receive BNB and BEP20 tokens, ensuring the safety and security of your digital assets.
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