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SmartChain, dumbest blockchain

Binance

Cryptocoins Exchanges / Binance 190 Views

Due to Binances idiotic minimum transfer amount of 0.05BNB currently, it's genuinely hard to defend this coin and platform. I have Tether stuck in my Trust Wallet in a sort of limbo because I don't have enough SmartChain to cover the fees to convert or send, that part I have no issue with, every blockchain uses it's native coin for fees. But the stupidest part is how to get it.

Current minimum withdrawal of BNB on the app is 0.05 which is roughly just under $23. Just think about it, if you have say $15 of a BEP20 coin and want to convert it to something else. You'd have to buy $23 worth of BNB just to meet the minimum limit so that you can cover the $0.16 fee of SmartChain. Utterly ridiculous. Cryptos want to take over the financial sector and get rid of banks with this? Don't make me laugh, not even the worst of banks have these types of red tape

submitted by /u/de_donker
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