PorkyKuba
Posts: 2
Joined: 03 Jan 2021, 16:29

Payment Help

12 Jan 2021, 22:21

So i bought btc on binance. I found out that I can transfer the money to you guys with the withdraw button.
I place your BTC address. There is 4 options for pay (BNB(0.0000011 fee) , BSC (0.0000022 fee), BTC (0.0005 btc fee), ETH (0.00024)) I dont know which one should I choose because it says : "The address does not match the currently selected network, it is recommended that you switch to another network." This text doesnt pop up when i choose the BTC one but the fee there is almost the whole.

Any idea?

Thanks in advance.

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ColdCristal
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Posts: 5675
Joined: 02 Jul 2012, 21:24

Re: Payment Help

12 Jan 2021, 22:26

Binance Coin (BNB) and Binance Smart Chain (BSC) are Binance-only payment methods which nearly nobody uses. They are dependent on a single company and it's hard to treat them seriously. You need to use either BTC, ETH or LTC.

By the way it's ridiculous that they still charge fixed 0.0005 BTC fee. It was ok 6 months ago, but now with BTC around 40k USD it's just insane.

PorkyKuba
Posts: 2
Joined: 03 Jan 2021, 16:29

Re: Payment Help

12 Jan 2021, 22:36

So what should I do then? Because if I use the BTC with your price you wont get that amount...

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ColdCristal
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Posts: 5675
Joined: 02 Jul 2012, 21:24

Re: Payment Help

12 Jan 2021, 22:40

I don't know exact fee structure on Binance and I don't know much BTC did you buy. You have to do the math yourself, it might be more profitable to exchange BTC to ETH and pay via ETH. Also please note that it will be always more profitable to buy larger amounts of whatever cryptocurrency, pay it out to your own wallet and use that wallet to pay to different shops. For BTC we recommend Electrum. For LTC, Electrum-LTC. For ETH, MyEtherWallet.

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