- Binance slashes the token recovery fee from $500 to just 5 USDT.
- Smart Retrieval now supports chains like ETH and MATIC, reducing user error costs.
- Binance streamlines fund recovery with a 14-day maximum wait and simple clicks.
Binance has reportedly updated its customer support offerings, integrating a wide selection of “smart retrieval” cryptocurrencies into its service. This update is said to facilitate the recovery of tokens deposited in error by users at a greatly reduced fee.
Binance revealed that it has recently added a large number of "smart retrieval" coins. After the user deposits an unsupported token (smart retrieval), the retrieval fee is also greatly reduced, only 5 USDT is charged. In the past this amount was as high as $500.… pic.twitter.com/ORxFyqfCeK— Wu Blockchain (@WuBlockchain) March 25, 2024
The cost for retrieval, which previously could amount to as much as $500, has now been standardized to 5 USDT, marking a notable shift in the exchange’s approach to user support. The exchange’s “smart retrieval” function reportedly aims to address accidental deposits of unsupported tokens over a variety of blockchain networks, including but…
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