【What is a Public Blockchain? Why You Must Choose the Right Chain When Withdrawing】
When beginners withdraw funds, they often see a bunch of chain names (ERC20, TRC20, BEP20) and get totally confused. Let’s make it clear today.
1. What is a public blockchain?
A public blockchain is a blockchain network that is open and transparent, and everyone can participate in. Bitcoin, Ethereum, and BNB Chain are all public blockchains. Analogy: a public blockchain is like a highway—anyone can drive on it, but each road has different tolls and speeds.
2. Common Chains
✅ ERC20: Ethereum. The most universal, but gas fees are expensive
✅ TRC20: TRON. Lower fees, suitable for large transfers
✅ BEP20: BNB Chain. Binance’s own chain, with low fees
Chains are not interoperable with each other. If you choose the wrong chain, you may not be able to retrieve the funds.
3. Notes for Beginners
✅ When withdrawing, always confirm which exact chain the recipient platform uses
✅ For your first time, do a small test transfer first—only transfer a larger amount after confirming it arrives
❌ Don’t randomly choose unfamiliar small chains just to save on gas fees—safety comes first
One sentence: A public blockchain is the underlying highway of the blockchain world—choose the wrong road and your funds can be lost. It’s not embarrassing for beginners to double-check the chain name when transferring.
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4. Ongoing Trading Competitions (Sep 28)
1️⃣ COAI, ends Oct 1 at 21:00. Lowest $0 (Day 5, 1.5x). 2,000 spots
2️⃣ AEON, deadline tomorrow at 21:00. Lowest $0 (Day 7, the last day). 2,000 spots
3️⃣ PIEVERSE, deadline tomorrow at 21:00. Lowest $408,063. 2,000 spots
━━━━━━━━━━━━━━
5. Invitation Code
In the Binance Wallet, enter WI4JBRNQ to get a 30% fee reduction.
Step 1: Binance App → Wallet → Invite Friends
Step 2: Enter invitation code WI4JBRNQ, then confirm
━━━━━━━━━━━━━━
#BinanceSquare #新手入门 #公链 #提币 #交易赛 $BTC $ETH $BNB
When beginners withdraw funds, they often see a bunch of chain names (ERC20, TRC20, BEP20) and get totally confused. Let’s make it clear today.
1. What is a public blockchain?
A public blockchain is a blockchain network that is open and transparent, and everyone can participate in. Bitcoin, Ethereum, and BNB Chain are all public blockchains. Analogy: a public blockchain is like a highway—anyone can drive on it, but each road has different tolls and speeds.
2. Common Chains
✅ ERC20: Ethereum. The most universal, but gas fees are expensive
✅ TRC20: TRON. Lower fees, suitable for large transfers
✅ BEP20: BNB Chain. Binance’s own chain, with low fees
Chains are not interoperable with each other. If you choose the wrong chain, you may not be able to retrieve the funds.
3. Notes for Beginners
✅ When withdrawing, always confirm which exact chain the recipient platform uses
✅ For your first time, do a small test transfer first—only transfer a larger amount after confirming it arrives
❌ Don’t randomly choose unfamiliar small chains just to save on gas fees—safety comes first
One sentence: A public blockchain is the underlying highway of the blockchain world—choose the wrong road and your funds can be lost. It’s not embarrassing for beginners to double-check the chain name when transferring.
━━━━━━━━━━━━━━
4. Ongoing Trading Competitions (Sep 28)
1️⃣ COAI, ends Oct 1 at 21:00. Lowest $0 (Day 5, 1.5x). 2,000 spots
2️⃣ AEON, deadline tomorrow at 21:00. Lowest $0 (Day 7, the last day). 2,000 spots
3️⃣ PIEVERSE, deadline tomorrow at 21:00. Lowest $408,063. 2,000 spots
━━━━━━━━━━━━━━
5. Invitation Code
In the Binance Wallet, enter WI4JBRNQ to get a 30% fee reduction.
Step 1: Binance App → Wallet → Invite Friends
Step 2: Enter invitation code WI4JBRNQ, then confirm
━━━━━━━━━━━━━━
#BinanceSquare #新手入门 #公链 #提币 #交易赛 $BTC $ETH $BNB