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BingX Will Support Bitcoin Network (BRC-20) Deposit and Withdrawal
2023-05-15 11:15
Dear Users,
Due to increasing demand, BingX will open the deposit and withdrawal services on the BRC-20 network from 2023-05-18 at 16:00 (UTC+8). You will be able to deposit and withdraw ORDI (BRC-20) tokens via the BRC-20 network. Make sure you check it out!
What is BRC-20?
BRC-20 is an experimental token standard that enables the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain. Similar to Ethereum's ERC-20 tokens, BRC-20 tokens feature different mechanisms and functions.
BRC-20 is an experimental token standard that enables the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain. Similar to Ethereum's ERC-20 tokens, BRC-20 tokens feature different mechanisms and functions.
BRC-20 Tokens Deposit and Withdrawal Parameters (taking ORDI as an example):
Min. amount for a single deposit: 5 ORDI
Min. amount for a single withdrawal: 5 ORDI (with 1 ORDI as service fee)
Max. withdrawal:
1) For KYC unverified users: 50,000 USDT daily.
2) For KYC verified users: 5,000,000 USDT daily.
Deposit of ORDI is considered received with confirmation by 2 blocks on the network. ORDI can be withdrawn after confirmation by 2 blocks.
Special Note: Please ensure to double-check the transfer amount and quantity before depositing BRC-20 tokens to avoid any errors. It is important to note that if a deposit includes BTC, it will be deposited as BRC-20 tokens, and BTC will not be deposited. Please take note of this and consult our online support if you have any questions.
For more information, please refer to:
BingX Operation Team
2023-05-15
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Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice and is for reference only. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice and is for reference only. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.