I decided to check something on Saturday.
While New York is resting:
can bStocks really be withdrawn to other wallets, or are they actually stored only inside Binance
I wanted to dispel this myth not with words, but with my own test
I bought 0.039 $SPCXB on the spot
and, taking into account the remaining tokens on the balance for the test, I withdrew all 0.039954 SPCXB
from Binance to MetaMask
To withdraw, you need a wallet that supports the BNB Chain (BEP-20)
At 17:20:27
I clicked withdraw via BNB Chain. Binance fee — 0 SPCXB.
By 17:21
the tokens appeared in MetaMask.
At 17:22
I sent them back to Binance. Here MetaMask showed a network fee of<$0.01 in BNB
At 17:22:51
the tokens appeared on Binance again — 0.03995 $SPCXB
At first, the exchange indicated that the number was approximate and that the exact value would appear after an update
And that’s when I realized the question wasn’t only about the withdrawal itself.
I became interested in how quickly and with what fee the entire round trip really works.
So, the whole path Binance → MetaMask → Binance took about 2 minutes 34 seconds
This is exactly where my opinion changed: I wanted to test the withdrawal of bStocks, and in the end I got a clear test of fees and speed.
For me, this matters more than any words in a description.
All the steps — in the photos below; if you have any questions, write👇
#bStocksCIS @BinanceCIS #bstockscis
While New York is resting:
can bStocks really be withdrawn to other wallets, or are they actually stored only inside Binance
I wanted to dispel this myth not with words, but with my own test
I bought 0.039 $SPCXB on the spot
and, taking into account the remaining tokens on the balance for the test, I withdrew all 0.039954 SPCXB
from Binance to MetaMask
To withdraw, you need a wallet that supports the BNB Chain (BEP-20)
At 17:20:27
I clicked withdraw via BNB Chain. Binance fee — 0 SPCXB.
By 17:21
the tokens appeared in MetaMask.
At 17:22
I sent them back to Binance. Here MetaMask showed a network fee of<$0.01 in BNB
At 17:22:51
the tokens appeared on Binance again — 0.03995 $SPCXB
At first, the exchange indicated that the number was approximate and that the exact value would appear after an update
And that’s when I realized the question wasn’t only about the withdrawal itself.
I became interested in how quickly and with what fee the entire round trip really works.
So, the whole path Binance → MetaMask → Binance took about 2 minutes 34 seconds
This is exactly where my opinion changed: I wanted to test the withdrawal of bStocks, and in the end I got a clear test of fees and speed.
For me, this matters more than any words in a description.
All the steps — in the photos below; if you have any questions, write👇
#bStocksCIS @BinanceCIS #bstockscis