With the popularization of applications such as “multi-chain” and “cross-chain” in the blockchain ecosystem, the process of depositing and withdrawing funds on exchanges has become increasingly complex. Newcomers (and even experienced traders) who have just entered the cryptocurrency market sometimes fail to notice that their assets or selected networks are not supported by the exchange when making deposits. As a result, they have to pay a significant amount of “recovery fee” to have the exchange manually transfer their assets back to the original address, which seriously affects the initial experience of newcomers.
According to a report by “Wu Blockchain,” the chief editor Colin Wu provided suggestions on the X platform, and Binance responded quickly by stating that they have added a large number of supported cryptocurrencies to the “Smart Retrieve” feature, reducing manual processing time and significantly reducing fees, which are now only about $5.
The newly added cryptocurrencies for the Smart Retrieve feature include:
ARBITRUM: WETH, WBTC, GRT
BASE: WETH
BSC: GAL, APE, UST, NFT, RWT, LUNA, GMT
ETH: SOL, FTN, BETH, XSHIB, HBTC, COMBO, GMT
FTM: BNB, DAI
MATIC: WETH, WMATIC, AVAX, IXT, UST, BNB, BUSD, OUSDT
NEAR: USDT
OPTIMISM: WETH, WBTC, DAI
TRX: MOF, USDD
ZKSYNCERA: USDT
Specifically, when a user mistakenly makes a deposit, it will be displayed in the deposit history page, with an “Immediate Retrieve” button next to it. At this point, users only need to click the button to initiate the automatic fund refund process, and they can receive the refunded assets within a maximum of 14 working days.
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