You Are On the Verge of Losing Your Cryptocurrency, Crypto Traders (and How to Fix It in a Minute)

Baptiste
4 min readAug 18, 2021

The cryptocurrency revolution is sweeping the globe, with Bitcoin recently reaching an all-time high of $56,000 and a market valuation of more than $1 trillion.
Many people have recently joined the party, which has resulted in an inflow of users joining exchanges such as Binance.com, Coinbase, Kraken, and so on.

Making a Deposit on an Exchange (and the Risks).

You have $100 in Bitcoin (0,0018 BTC as of today) in your wallet. “Perhaps I might try my hand at trading,” you reason. I don’t blame you!
You go to Binance’s Deposit function (or any exchange for that matter), choose “BTC,” and you’re ready to make the transaction.

You will now be given a Bitcoin wallet address; you must transmit funds to this address:

BTC address as displayed on Binance.com’s “deposit” tab

You should copy the address and transmit your Bitcoin to it. You wait because it normally takes a few minutes. You have to wait a bit longer.

There is no action. You are terrified. You begin to panic a little more. You have…

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Baptiste

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