Binance directly robbed me of 90% of my deposited coins $&@!@$ - page 2.

Bitcoin_Arena

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Quote from: tread93 on April 19, 2021, 03:00:17 PM

Agreed, I’m sure they change their TOC almost every day 😂 and hang on, how did they “try” to refund me? They made a claim and that was in the footnotes. We’ll see what they say once they close out the ticket I placed on it. Even if I lose out I’m thankful it was small, next time I will definitely be exchanging with either someone on here or someone else I know though another social outlet.

Let's be fair @tread93 Cheesy

Are you sure you really wanted them to send you back the BTC minus deducting any withdrawal fee?

I have seen worse exchanges that don't even bother letting you get back some of the money and all they do is keep saying that you breached their terms of service.

As far as I know about the Internal transfer (sending bitcoins to another Binance address in order to get the withdrawal fee refund), I am not sure if it also works between Binance.com and Binance.us accounts, but I am more that certain it works between two Binance.com account addresses.

However, the BTC will not be part of your sent BTC, it will remain in your sending account. Check your Binance.com account to see if there is any 0.0005 BTC remaining. If it isn't there, then sorry.

tread93

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Quote from: johnwest on April 19, 2021, 12:20:37 PM

There is no "By mistake" in crypto, it is one of the things which common people think of as a disadvantage. I don't see any fault of Binance here, they are the most trustworthy and easy-to-use exchange there is. What happens if you send an alt to a different alt's deposit address.?? You can't blame the exchange nor anyone for these kinds of mistakes. Binance clearly shows warning alerts on most of the steps you have gone through before clicking send, so blame yourself and move on with what you have.

Yes, good call here. I’m moving on, sorry for the completely irrelevant rant. You all have done a great service here by helping me cope 😂. I am much wiser now and I am looking forward to not making these same mistakes in the future. If anyone has any extra wisdom here, even if it’s completely irrelevant and spontaneous that verbiage is welcomed 💯🙏🇺🇸

tread93

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Agreed, I’m sure they change their TOC almost every day 😂 and hang on, how did they “try” to refund me? They made a claim and that was in the footnotes. We’ll see what they say once they close out the ticket I placed on it. Even if I lose out I’m thankful it was small, next time I will definitely be exchanging with either someone on here or someone else I know though another social outlet.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

One thing any trader from the US should do before depositing anything in an exchange is always check the Terms and conditions. Every day, different platforms are changing their Terms of Service and blocking US residents from using their services.
It would be more befitting to say they robbed you if they had refused to get you back your BTC, but they did try to refund you. You have to put in mind that exchanges charge withdrawal fees.

The smart move would have been to look for some trusted member here, converted the BTC to an asset with low transaction fees like EOS or USDT (TRC20). Transfer the EOS or USDT to that person in exchange for the Doge you wanted. problem solved.

tread93

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Quote from: DarkDays on April 19, 2021, 12:26:30 PM

Quote from: crwth on April 19, 2021, 10:20:19 AM

The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

I agree. As frustrating as it may be, the fault lies with the OP. All of this loss and stress could have been avoided with a little research. It is just that to do anything these days if you're not sure you'll most likely end up losing money.

It is not like Binance US robbed you, no, you gave the wallet away knowing this might be the risk you take. Another learnt lesson.

Yes, after the fact I realized I should have just posting here asking for the best way to do this exchange for DOGE. It’s whatever, I’d be buying at the high but it seems as if even now it’s a great time to buy in.

tread93

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Quote from: crwth on April 19, 2021, 10:20:19 AM

The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

That’s sound advice, thanks for that and for the roast 😂😂😂 The truth is I’ve only been buying BTC via cash app for the last 2 years and randomly logged into my Binance account after all of those changes. Their claim to refund the fees when sent to another binance user address is currently being tested. In their fine print it stated as soon as the deposit posted they would refund that .0005 transfer fee, it’s been 2 days and still no refund. I put in a support ticket.

Yes yes yes binance us is great and all but I’ll pass and opt for a US HQed exchange Bittrex instead. Appreciate the feedback! Definitely lessons learned here.

DarkDays

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Quote from: crwth on April 19, 2021, 10:20:19 AM

The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

I agree. As frustrating as it may be, the fault lies with the OP. All of this loss and stress could have been avoided with a little research. It is just that to do anything these days if you're not sure you'll most likely end up losing money.

It is not like Binance US robbed you, no, you gave the wallet away knowing this might be the risk you take. Another learnt lesson.

johnwest

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There is no "By mistake" in crypto, it is one of the things which common people think of as a disadvantage. I don't see any fault of Binance here, they are the most trustworthy and easy-to-use exchange there is. What happens if you send an alt to a different alt's deposit address.?? You can't blame the exchange nor anyone for these kinds of mistakes. Binance clearly shows warning alerts on most of the steps you have gone through before clicking send, so blame yourself and move on with what you have.

crwth

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The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

tread93

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Activity: 1344

Merit: 583

All I wanted to do was buy a tiny bit of doge coin and binance has screwed me lol. Sent $70 to the old non US account by mistake forgetting they changed to a US only platform. They said they’d give the withdrawal fee back (.0005 BTC or $35) if I sent funds to another binance address so I created the binance US account, now I can’t even convert the BTC to doge on the new binance US account so I’m creating a kraken account, now if I want to transfer my remaining $35 of BTC that I transferred in they take pretty much all that’s left and I get $7 back in BTC. I’ve been Robbed 90% of what I transferred into Binance, screw that platform! I’ll never use them again. Going back to Bittrex or Kracken after this experience. I’m so pissed and I still don’t have any DOGE lol. I’m glad it is such a minuscule amount, but still lol.

Topic: Binance directly robbed me of 90% of my deposited coins $&@!@$ - page 2. (Read 286 times)