To mark this milestone of Bitcoin Halving, all verified users can complete specific tasks on Binance Square during the Activity Period, and qualify for up to $10,000 of SATS token voucher reward.  Activity Period: 2024-03-04 09:00 (UTC) to 2024-04-14 09:00 (UTC)All KYC-verified Binance users who log into their Binance accounts and complete the following tasks during the Activity Period will qualify for the $10,000 of SATS reward. Tasks: Comment your prediction for the price of BTC on 20th April 00:00 (UTC+0)  on this post. Share this post on your social media and #HalvingHorizonsThe user with the closest prediction will win $5000. If more than one user shares the same prediction, you’ll share the price pool. AndIf you correctly guessed the price and signed up for a Binance account during the activity period through the shared link of this post or the Binance Square referral link, you can unlock a share of extra $2000 price poolAndIf you correctly guessed the price and completed at least 10 trades during the activity period, you will unlock a share of the extra $3000 price poolEach user can only submit 1 entry. Terms & ConditionsThis activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify.The $10,000 of SATS token voucher rewards pool will be divided equally among all qualified users.Winners will be notified via a push notification under Creator Center > Square Assistant. Voucher rewards will be distributed within 21 working days after the activity ends. Users may check their voucher rewards via Profile > Rewards Hub. The validity period for the voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. 

Main TakeawaysBinance has a comprehensive procedure to assist users in recovering funds lost due to incorrect deposits. Although the recovery is not guaranteed, there are many cases where users are able to reclaim their crypto successfully.When depositing assets on Binance, users should verify supported tokens, network status, and deposit addresses to prevent issues.Binance offers various types of deposit retrieval services, including the BNB Pioneer Burn Program. This article describes each service type in more detail, along with their respective processing times, fees, and expected outcomes.At Binance, safeguarding user assets is our top priority. We strive to provide an easy-to-use platform, but we understand that mistakes happen – particularly when depositing funds to your Binance account.We understand the frustrations that can arise when deposits go missing or encounter issues during the deposit process. That is why we have implemented thorough procedures to assist our users in recovering lost assets. Through our skilled technical team, reliable support, and user-friendly interface, we've successfully prioritized addressing users' concerns and delivering solutions promptly. Each month, we process approximately 4,000 retrieval applications, restoring roughly 7 million USDT in value.This article provides an overview of our recovery process, rules, and helpful tips for retrieving funds if there's an issue during the deposit.Self-Custodian Wallet vs. Platform WalletWhen you deposit assets into your Binance account, your funds are directed to a unique "deposit address" that Binance manages for you. Your Binance deposit address is distinct from addresses in self-custodial wallets like Trust Wallet, Metamask, etc. In a self-custodial wallet, users hold their wallet's private keys, thus fully controlling their funds. However, when you deposit funds on a centralized platform like Binance, we manage the wallets and deposited funds on your behalf. For more information, please check out How and Why Assets Move Between Binance Wallets on deposit addresses.Therefore, reclaiming assets sent to an incorrect address requires a vastly different approach when dealing with a centralized exchange.How to Deposit CorrectlyPrevention is better than cure. Therefore, it is advisable to check the supported tokens and networks before making any deposit of unlisted tokens to prevent any loss of assets. 1. You can also go to the Deposit & Withdrawal Status page to check if the deposit network status is normal. If you deposit to a suspended network, your tokens will not be credited immediately. Do note that if you cannot find the tokens here, it means that the token is not supported on Binance.2. Click “Normal” and you will be redirected to the Deposit Crypto page. Please note that only supported networks on Binance platform are shown. If you deposit via another network, your assets might be lost. 3. Check the deposit address and memo/tag (if required). You can also check the token’s contract address to make sure that the one you are depositing will be credited correctly.For more details, please check out How to Deposit Crypto to Binance.Types of Deposit Retrieval and How to Retrieve Lost FundsIf your deposited funds do not reflect in your Binance account, you can request self-service recovery. Please note the recovery process is manual. Our dedicated team meticulously examines each application to assess the feasibility of recovery.As a leading cryptocurrency exchange, we pride ourselves on providing diverse recovery support. We facilitate retrievals from failed and missing-memo deposits to the BNB Pioneer Burn Program. Leveraging advanced technology and best industry practices, we strive to keep your assets secure and ensure an efficient recovery process.The table below provides:An overview of potential scenarios for incorrect deposits.The projected wait time for our assistance in recovering your funds.The expected fees associated with the process.The outcome you can anticipate upon resolution (refund or credit).Types of Deposit RetrievalETA*Fee*Refund/CreditDeposit without or wrong MEMO2-3 days5*Network withdrawal feeRefundDeposit old/delisted tokens2-3 daysNetwork withdrawal feeRefundDeposit not credited2-3 daysFreeCreditDeposit to hot wallet 2-3 daysFreeRefund Smart retrieval14 days5 BUSDRefundDeposit unlisted tokens on supported networks 14 days200 BUSDRefund Deposit unlisted tokens on unsupported EVM networks 30 days200 BUSDRefund BNB Pioneer Burn30 days 200 BUSDRefundCross address deposit 30 days500 BUSDRefund/CreditPlease note that successful recovery of funds is not guaranteed, and not all deposits can be retrieved due to factors such as development resources, manpower, and technical complexities. This table does not represent a binding commitment from Binance to recover your funds in every circumstance. Ultimately, you are responsible for your funds, and it's essential to thoroughly understand our services before using them.Disclaimer: This table only contains general information, and certain retrieval processes may take longer than stated. Various factors can extend the duration, including the type of unsupported tokens and the complexity of their recovery. Fees are subject to change and not fixed. They may vary in accordance with changing market conditions, operational costs, and technological advancements.Different Types of Deposit RetrievalBelow are examples of situations where incorrect deposits may occur.Deposit memo missing or incorrectA tag or memo is a unique identifier assigned to each account to ensure a deposit is credited into the appropriate account. When depositing specific cryptocurrencies, such as BNB, XEM, XLM, XRP, KAVA, ATOM, BAND, EOS, etc., it's essential to input the corresponding tag or memo to ensure a successful transaction.For more information, refer to How to Retrieve Crypto Deposit with Wrong or Missing Tag/MemoDeposit old or delisted tokensPeriodically, we rigorously evaluate each digital asset listed on our platform to ensure it continues to meet the high standards we have set. Should a coin or token fail to maintain these standards, or if the industry landscape changes, we conduct a thorough reassessment and may opt to delist it. We believe this approach better safeguards all our users. Be careful not to deposit delisted tokens to your Binance account. You can find more information on our delisting announcements page.Deposit not creditedDespite correctly entering all details required for deposit (i.e., the token, network, and address), some cryptocurrency deposits may not appear in your account as expected. This delay might result from high traffic on certain blockchain networks, causing congestion and, hence, slower processing times. Moreover, we sometimes employ extra security measures to guarantee the transaction's correctness. Should your deposit still not be reflected in your account after a considerable period, we kindly request you to contact our customer support for further assistance.Deposit to hot walletWhen you make a deposit to Binance, you send your tokens to a specific deposit address. These tokens are then moved to one of our hot wallets, as with most exchanges. However, note that when you make withdrawals, the sending address won’t be the same as the deposit address you used before, but rather one of our hot wallets. When making deposits, be careful not to send assets to the hot wallet withdrawal address. Follow the deposit instructions and double-check the deposit address to avoid problems.Depositing unlisted tokens on supported networksIf you deposit a token that isn't supported by our platform, it won't appear in your wallet. For a comprehensive list of tokens and networks supported, please visit https://www.binance.com/en/network.Deposit unlisted tokens on unsupported EVM networksEVM (Ethereum Virtual Machine) is a pivotal component of the crypto ecosystem. Recognizing this, we have extended our expertise and positioned ourselves as a frontrunner in providing EVM retrieval solutions. Current supported EVM-compatible networks are OKC, KCC, and CRONOS (more networks will be supported in the future).Cross-address depositA cross-chain deposit refers to the process of transferring tokens from one blockchain address format to another blockchain address format. For example, sending DOGE tokens to a DGB deposit address. Please be informed that such retrievals are evaluated on a case-by-case basis. There is no guarantee of successful retrieval.Smart retrievalBinance continually works towards improving efficiency and shortening recovery times through innovative measures. With the Smart Retrieval process, we cater to specific tokens via MATIC, TRX, BSC, FTM, ETH, HT networks (and more to come). With this process, users can enjoy reduced recovery time (up to 14 working days), while paying 5 BUSD. In case you deposit an unsupported token to any of these networks and notice a 'retrieve now' button in your recent transaction record, simply click on it to initiate the return of your funds.BNB Pioneer Burn ProgramBinance has launched the BNB Pioneer Burn Program. This initiative is aimed at assisting eligible users who have inadvertently lost tokens while utilizing the BNB Smart Chain. As part of the BNB Pioneer Burn Program, Binance will compensate users for their losses in accepted cases, accounting for the lost tokens in our quarterly BNB token burn activities.

The online payments company is the first major U.S. financial institution to create its own stablecoinThe PayPal office building in Berlin. (Fabrizio Bensch/Reuters)PayPal, the online payments giant, has a new cryptocurrency pegged to the value of a dollar in a bid to strengthen its foothold in the digital asset market.The new token, known as a stablecoin because it aims to maintain a $1 price, is the first such offering from a major U.S. financial firm. Crypto investors can quickly process trades by exchanging tokens such as bitcoin and ethereum for stablecoins, rather than using traditional financial intermediaries that can take days to settle transactions.But stablecoins — an asset class worth roughly $120 billion, according to CoinMarketCap — have also raised alarms in Washington and flummoxed policymakers. Top financial regulators led by the Treasury Department in November 2021 recommended that Congress adopt a framework for the tokens and limit their issuance to banks, citing potential risk to the broader financial system. But lawmakers so far have failed to approve rules for stablecoins.The cryptocurrency, dubbed PayPal USD, will be redeemable for $1. The company said it will be fully backed by U.S. dollars, short-term government debt and other highly liquid assets.To issue the token, the company partnered with Paxos Trust, the same firm that issues the stablecoin of embattled crypto exchange Binance. In February, the Wall Street Journal reported that the Securities and Exchange Commission planned to sue Paxos for violating investor protection laws related to sales of the token, alleging it was an unregistered security. The New York Department of Financial Services then directed the company to stop issuing the token.PayPal referred a request for comment on the matter to a Paxos spokesperson, who said the company believes its stablecoins are “unequivocally not securities.”“Blockchain will transform financial services and Paxos will lead that transformation by providing global enterprises with safe, compliant and regulated infrastructure solutions,” Paxos spokeswoman Julia Horowitz said.$BTC $ETH #PayPal #bitcoin #cryptocurrency