Recently, I've spent quite a bit of time in the square, watching traders' daily activities and observing trading data. However, I've seen many users encounter problems while using Binance. Such issues can be challenging for a novice. As the creator of the Binance square, besides sharing some trading data, I want to help more people: understand the platform, familiarize themselves with it, and earn profits. So today, I specifically opened a thread to gather questions. If I can help you solve your problem, please give a free follow.
Question 1: Balance available, unable to trade
This type of issue mainly gathers around new users of WEB3 wallets. Recently, there have been many airdrop events, and some users have received nice airdrops. However, when they want to convert this airdrop into other cryptocurrencies, or plan to recharge this coin to an exchange, it shows that the operation cannot be completed.
Solution: In the process of trading, Gas is needed; it is not required when receiving, but when transferring out, it is necessary to provide a certain amount of Gas based on this blockchain to package the transaction. For example: if it is on the BNB chain, you need to prepare BNB as Gas. However, there is one point: there are two chains for BNB, one is the OP chain and the other is the Binance Smart Chain (BSC). Although both are on BNB, you can transfer BNB to the wallet via the Web3 wallet.
Question 2: Order freeze? Unable to withdraw
If a novice encounters asset freeze when buying cryptocurrency for the first time, for example: purchasing USDT through C2C, they will generally face a T+1 situation. If you buy today at 15:00, T+1 means that the assets will be unfrozen at 15:00 tomorrow. In this case, the purchased USDT can be used to buy other assets, but cannot be withdrawn to other platforms or wallets.
Solution: If you encounter such a problem, the solution is to wait for the natural unfreeze. During this time, you can buy the cryptocurrencies you want; the freeze does not affect the purchase of other coins. Do not foolishly hold onto USDT without taking action, to avoid missing the best opportunity.
Question 3: Loss caused by purchasing fake coins
Recently, the meme market has been quite popular, and many newcomers want to follow the direction of the crowd. However, generally speaking: the names of the coins bought are exactly the same, but the ones they bought go up while yours go down? This causes a massive shrinkage of wealth. Some users may even think that it could be due to different platforms, leading to the idea of arbitrage. When they try to withdraw funds after waiting three days and nights, they find that the recharge has not arrived. This situation often occurs; how to avoid it?
Solution: When adding the meme tokens you want to buy, first, it is recommended to check the official source to see what their smart contract address is. Even if they have the same name, their smart contract addresses are different; it’s like twins who look very similar but have different ID numbers. Second, use a legitimate third-party platform to search for information about this cryptocurrency. Generally, it will show the token's quantity, price, and contract address. Third, check how many meme tokens you hold and how many coins are in the trading pool, as well as the trading data within the 24-hour pool.
The three most frequently reported issues are these. If there are other questions, feel free to leave a message in the comments section. We will gather questions and solutions once a week.
