What should Binance holders do before April 23rd changeover

stockshares · 19-04-2019 06:21PM #1

Binance is moving from the Ethereum Blockchain to its own chain(Binance Chain) on April 23rd.

https://support.binance.com/hc/en-us/articles/360027114471-Binance-Chain-Mainnet-Launch-and-Swap-Information

Holders have two choices. They can move their coins to Binance Chain or withdraw them to an Ethereum wallet.

I'm not clear on how Bnb holders obtain a Binance Chain address.

I don't understand this process so if someone can let me know what to do next I'd apppreciate it.

Thanks

Truckermal · 20-04-2019 10:25AM

https://twitter.com/binance/status/1119536854032740352?s=19

stockshares · 20-04-2019 11:38AM

Great, thanks for clearing that up

Truckermal · 20-04-2019 12:33PM

stockshares wrote: »

Great, thanks for clearing that up

Are you holding some? I sold out 2 weeks out after a nice profit but should have held on..

stockshares · 20-04-2019 02:16PM

Truckermal wrote: »

Are you holding some? I sold out 2 weeks out after a nice profit but should have held on..

Holding but wasn't sure what to do with the changeover. Some on Telegram have said they are selling and buying back in later. Time will tell but it looks promising.

If you are holding ETH it might be an idea to sell some for Bnb. I think ETH price will drop because of Bnb moving from the ETH chain to Bnb chain.

What should Binance holders do before April 23rd changeover

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