MultiversX Tracker is Live!

Is it smart holding BSC version of an ERC20 token for long term holds?

Binance

Cryptocoins Exchanges / Binance 260 Views

I bought some ChainLink to hold long term, about 15 LINK. I want to withdraw it to my hard wallet but the gas fees for withdrawing it from Binance on ERC20 is 1 LINK (about $22 at today's price) and I think that's a bit ridiculous considering I only have such a small amount. However, I can see that you can withdraw a BSC version for $0.17 and I was wondering if I was to hold this instead (2-5 years) , is that okay? I could just send it back to Binance over the BSC network to sell if I have to.

Thanks

submitted by /u/anon_199x
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments