1/1/2024 0 Comments Does binance support dogecoin![]() ![]() Bitcoin is one of many different cryptocurrencies, but by far the most popular.Bitcoin can be traded anonymously, which can make it a popular way of funding illegal activities.Mining involves solving difficult maths problems using computer processors.Every transaction is recorded in a public ledger, or "blockchain". ![]() It's traded between people without the help of a bank.Who accepts Dogecoin?ĭogecoin's latest surge in price has been put down to eToro now supporting the cryptocurrency. Just like bitcoin, Dogecoin is a virtual currency that can be bought and sold, as well as used to make purchases. There is also little consumer protection or regulation compared to traditional investments or savings protections.īefore buying cryptocurrencies or making any investment you should understand all the risks and be aware that you could end up losing cash. Marketing materials: Firms may overstate the returns of products or understate the risks involved.Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.Converting a cryptoasset back to cash depends on demand and supply existing in the market. There is no guarantee that cryptoassets can be converted back into cash. Product complexity: The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks.Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements. ![]() On Saturday (November 27), we tested everything by opening up withdrawals again, but we did it silently to ensure there were no further issues, and now we’re pleased to announce that from today withdrawals are fully open again. Here at Binance, and the Dogecoin Core maintainers, we worked together to diagnose, solve, and prevent similar issues from occurring. ![]() So rest assure d, as CZ said - no o ne’s getting fired. No single entity was at fault, neither Binance nor DOGE Network had prior knowledge of this rare issue. If we at Dogecoin Core maintainers and Binance had tried to plan this, we simply would not have been able to - not quite the shady circumstances that some had suggested. It was an unlikely and unfortunate coincidence for Binance, the DOGE network, and DOGE hodlers. Unfortunately for Binance, we had inadvertently threaded the needle with all of the above parameters, which led to the coins being re-sent and requiring a new wallet needed to be built. In short, if 1) your platform had listed DOGE all the way back in 2019, at v1.14.0 2) had transactions stuck in the wallet 3) had upgraded the wallet to v1.14.2 4) AND then updated to v1.14.5 - you can have an issue. The truth is that a combination of unlikely factors led to an unforeseen issue that ultimately only affected Binance. So what happened? Here are the facts, no shade intended: You may have heard the news, thanks to some friends on Twitter. In addition, 1634 users were sent old transactions. What began as a fairly straightforward upgrade, turned into an issue where Binance users were unable to withdraw DOGE for the last 17 days. We'd like to take this opportunity to share some more details around a recent issue that Dogecoin Core maintainers and Binance experienced during the DOGE wallet upgrade. When that happens, it can take some time to locate, diagnose and fix the issue. This is something that every platform faces on occasion. However, there are times when users report issues or slowdowns. That's one of the biggest reasons why Binance has become the ecosystem of choice for millions of users around the world. This means we take every step to ensure you always have access to your funds, that you can execute trades quickly, and make deposits and withdrawals without encountering any issues or slowdowns. Here at Binance, we always strive to keep things running smoothly. ![]()
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