I think there is clearly visible mentioned if network is not same then you will loose your funds.
pooja_kumari
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My friend lost 20,000 dollars n binance 🔥🔥🔥🔥🔥🔥👇👇👇👇 About a month ago, my friend experienced a significant loss while transferring cryptocurrency, which serves as a reminder of the risks involved in digital transactions. Here's what happened:
The Incident:
My friend needed to withdraw $50,000 worth of USDT from his Binance spot wallet to his business partner’s Bybit wallet. His business partner provided a BEP20 (Binance Smart Chain) wallet address, which is commonly used for its low fees and fast transaction times.
While initiating the withdrawal, my friend mistakenly selected the opBNB network instead of BEP20. This error occurred during the network selection process, likely due to a simple oversight. Unfortunately, Bybit does not support opBNB for USDT deposits. As a result, the transaction went through on the opBNB network, but the funds never appeared in the Bybit wallet.
The Aftermath:
After realizing the mistake, my friend and his partner contacted both Binance support and Bybit support in hopes of recovering the funds. However, because cryptocurrency transactions are irreversible and Bybit doesn’t support opBNB deposits, the chances of recovery were minimal. The $50,000 USDT remains lost.
Lessons Learned:
1. Verify Network Compatibility: Always ensure the selected network is supported by both the sending and receiving platforms.
2. Double-Check Details: Review wallet addresses and network choices carefully before confirming any transaction.
3. Test Small, Transfer Big: For large amounts, send a small test transaction first to confirm everything is correct.
4. Understand Networks: Know the differences between networks like BEP20, ERC20, and
These predictions are based on existing data and potential future trends. Algorand's price can be highly unpredictable, so it's always a good idea to do thorough research and stay updated with market news. #Write2Earn! Is there anything else you'd like to know about Algorand or any other cryptocurrencies?
HMSTR Coin: On the Path to $1 and Beyond
HMSTR is emerging as a standout cryptocurrency, gaining tr
HMSTR Coin: On the Path to $1 and Beyond HMSTR is emerging as a standout cryptocurrency, gaining traction among investors despite the unpredictable nature of the crypto market. Analysts believe HMSTR has the potential to achieve the coveted $1 mark and beyond in the near future. However, success in cryptocurrency investment requires one essential trait: patience. What Makes HMSTR a Top Contender? Several factors position HMSTR as an attractive investment. The coin is backed by cutting-edge technology and a highly skilled development team focused on strengthening its ecosystem. Moreover, growing strategic collaborations and increasing market adoption are boosting investor trust and fueling demand for HMSTR. The Power of Patience in Crypto Investments The cryptocurrency market is notoriously volatile, with rapid price surges often followed by steep corrections. This is why patience is a critical asset for investors. Long-term growth takes time, and successful investors remain steadfast, resisting emotional reactions to short-term fluctuations. Key Strategies for HMSTR Investors 1. Conduct Thorough Research: Understanding the market dynamics and the factors driving HMSTR’s performance is vital before making an investment. 2. Focus on Long-Term Goals: Instead of chasing quick profits, establish a well-defined strategy with future milestones in mind. 3. Embrace Market Fluctuations: Be prepared for sudden market movements and remain composed during periods of volatility. Final Thoughts HMSTR’s journey to $1 and beyond is not just a possibility but a realistic target with the right approach. However, achieving this requires a thoughtful strategy and unwavering patience. Investors who can hold steady during challenging periods are more likely to reap significant rewards in the long run. Believe in HMSTR’s potential and stay optimistic about its growth trajectory. Disclaimer: This article reflects third-party perspectives and does not constitute financial advice. Sponsored content may be included. Refer to full terms and conditions.