Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: bee on July 06, 2024, 07:15:06 AM
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For the first time logging into my old account after about 1 year of leaving binance due to KYC policy, I was surprised to find about 30+ tokens with dust amount less than $0.05 each in my spot balance (some of them were even newly listed this year, such as NOT, WIF, etc.).
Anyone experience the same thing? Where do these tokens come from? I remember clearly that I didn't join any program until the last time I logged in.
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Do you have a BNB locked in your vault? Like the keeping of BNB in your Binance account that accrued interest for a certain amount of time. It's usually that reason that Binance is giving you airdrops of some tokens.
I did experience that as well and it's just something that is a "Meh" for me. It's just dust unless it becomes really big. Usually, I just convert it again to BNB.
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Do you have a BNB locked in your vault? Like the keeping of BNB in your Binance account that accrued interest for a certain amount of time. It's usually that reason that Binance is giving you airdrops of some tokens.
No, I converted small chunks of balance to BNB then emptied my balance before leaving binance. Is it possible for vault rewards to vary to over 30+ tokens and be completely worthless?
I did experience that as well and it's just something that is a "Meh" for me. It's just dust unless it becomes really big. Usually, I just convert it again to BNB.
I hope some of them have the moonshot potential at some point ;D . I don't know if the distribution will continue or stop, I've recorded my balance and will update in the next few weeks if anything changes.
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Anyone experience the same thing? Where do these tokens come from? I remember clearly that I didn't join any program until the last time I logged in.
Just convert them all yourself to BNB and use it to save on trading fees.
Maybe you earned that tokens for doing some trading, but they usually send BNB tokens for that and not other tokens.
You can ask binance support, but I would not worry about this.
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Just convert them all yourself to BNB and use it to save on trading fees.
Maybe you earned that tokens for doing some trading, but they usually send BNB tokens for that and not other tokens.
You can ask binance support, but I would not worry about this.
These free tokens can be either rewards for new users or for holders of certain tokens. I usually convert them to BNB to pay for transaction fees, as you suggested. This makes it easier for me to manage my portfolio!
Binance always knows how to please its users and keep them coming back for more with the services it provides. Even a few cents worth of tokens can be enough to make users feel satisfied and mention Binance somewhere. I've used many exchanges before, but I still can't find an experience similar to the one on Binance ^^
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Update:
I downloaded the binance app again and searched overnight about the source of this funding. And here they're from...
(https://i.ibb.co.com/51XCFCn/photo6106908153464602753.jpg) (https://i.ibb.co.com/LJndCCc/photo6106908153464602754.jpg)
One of my referrals is back to daily trading (this commission is distributed daily). So I got a rebate commission from him on whatever pair he trades with. Now binance also runs lite referral so it's on the main page, I have to go to the standard referral tab if I want to know about this reward.
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I guess you don't have to worry about potential privacy issues then. I also received some dust tokens on an exchange I used before. The reason is because the addresses that they gave me were attacked by some strangers. I wonder how exchanges handle transactions like those. It should be easy not to include them whenever a user requests a withdrawal.
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One of my referrals is back to daily trading (this commission is distributed daily). So I got a rebate commission from him on whatever pair he trades with. Now binance also runs lite referral so it's on the main page, I have to go to the standard referral tab if I want to know about this reward.
It came from referral links, I thought it might be an Airdrop or hard fork, and binance adds them to your balance if you deposit at a certain time. convert it to BNB or XRP and withdraw it to your wallet.
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I guess you don't have to worry about potential privacy issues then. I also received some dust tokens on an exchange I used before. The reason is because the addresses that they gave me were attacked by some strangers. I wonder how exchanges handle transactions like those. It should be easy not to include them whenever a user requests a withdrawal.
Amounts that do not meet the minimum deposit should not be reflected in the user's balance. I also received random (unlisted) tokens when I checked in the explorer, but that doesn't really bother me.
convert it to BNB or XRP and withdraw it to your wallet.
It's still a small amount that can't be withdrawn (and I'm not a verified user). I'll wait a few more months until it reaches at least $100, then I'll withdraw it.
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Anyone experience the same thing? Where do these tokens come from? I remember clearly that I didn't join any program until the last time I logged in.
from what i have heard binance do this for promotional purposes based on your transaction history they may have automatically listed you to some projects that give off airdrops
it might be a bit concerning since you do not want the risk of your address being known to about anyone but it seems like this is the platform's doing only
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Anyone experience the same thing? Where do these tokens come from? I remember clearly that I didn't join any program until the last time I logged in.
from what i have heard binance do this for promotional purposes based on your transaction history they may have automatically listed you to some projects that give off airdrops
it might be a bit concerning since you do not want the risk of your address being known to about anyone but it seems like this is the platform's doing only
I experience this in the Trustwallet and always afraid to click on them. I see them as click bait to have access to ones account. I haven't experienced this in binance. Infact I do complain when my friends report that binance airdrop free token for them. I haven't been that lucky.
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I experience this in the Trustwallet and always afraid to click on them. I see them as click bait to have access to ones account. I haven't experienced this in binance. Infact I do complain when my friends report that binance airdrop free token for them. I haven't been that lucky.
I think theres's a huge difference between receiving these dust tokens on Trust Wallet and Binance. I remember receiving the same attack on Trust Wallet, or any self-custodial wallet in general, especially when you used your address on various occasions. There's nothing we can do to stop people doing that except never reuse the same address. Luckily most open-source wallet allow us to select our inputs or block those inputs when we want to make new transaction. CMIIW.
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For the first time logging into my old account after about 1 year of leaving binance due to KYC policy, I was surprised to find about 30+ tokens with dust amount less than $0.05 each in my spot balance (some of them were even newly listed this year, such as NOT, WIF, etc.).
Anyone experience the same thing? Where do these tokens come from? I remember clearly that I didn't join any program until the last time I logged in.
My Binance account is also not KYC or maybe I have never created a Binance account because I forgot, I often see the market on local exchanges. If the dust token is very disturbing to your eyesight then it is better to just leave it alone, maybe one day if you look back at your Binance account and if there is a miracle, the token could be worth thousands of dollars. Just pray for a miracle because crypto is full of unexpected things.