Lightning cryptocurrency exchange
The BNB Coin cryptocurrency was released through an ICO that took place in July 2017. As a result, they raised $15 million. Binance Coin was created as an ERC20 token and originally worked on the Ethereum blockchain. But in 2019, the coin “moved” to its own blockchain. The ERC-20 standard is still adopted by the Binance exchange.
What is a Memo and do I need to specify it?
There is an additional Memo field when submitting Binance Coin. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient.
In our exchanger, when sending BNB you do not need to specify Memo.
Binance Coin Blockchain Speed
An exchange requires 1 confirmation. This operation takes place in a few seconds.
A brief history of DAI
Stablecoin DAI is an ERC20 token issued at the end of 2017 by the MakerDAO platform. It is the first decentralized token on the Ethereum blockchain. Almost always, the market rate of 1 DAI is equal to 1 US dollar. Mining and staking are not available for this project, new tokens are issued by the users of the MakerDAO platform.
DAI smart contract
Our exchanger only sends transactions to the original DAI contract. Transactions are not sent to addresses of third-party contracts.
My order is completed, but I cannot see the funds in my wallet, what should I do?
We send Ethereum tokens with an average commission so that the receiving party does not have to wait long for the receipt. But sometimes, with the increased load on the Ethereum network, the transaction can get stuck in the mempool and not get into the block. The status of such a transaction is “Pending”. The etherscan.io explorer gives information about the expected processing time of a transaction, but you need to understand that this value is not exact and may change depending on the situation.
If a transaction sent by us cannot be confirmed for a long time, contact technical support with a request to push the transaction through.
exchange in 3 easy steps
- Enter the desired amount of Binance Chain and write your wallet address to receive currency.
- Click the “Exchange now” button and you will be taken inside your order.
- Send Binance Chain to the address from your order, after the required network confirmation, DAI (ERC20) will be sent instantly.