MultiversX Tracker is Live!

What will happen to BETH holdings for non-KYC users?

Binance

Cryptocoins Exchanges / Binance 246 Views

Per Binance's official KYC announcement:

Existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption.

Questions for a non-KYC user who is contemplating leaving their BETH on the exchange until ETH 2.0 is released:

1) Once my account becomes "withdraw/redemption-only", will my BETH assets still accumulate staking interest?

2) Once ETH 2.0 is released, will I be able to redeem my BETH as ETH at the 1:1 ratio before withdrawing? Or will I be stuck withdrawing it as BETH, with no way to convert it to ETH 2.0?

I can't find any official policy / guidelines on this.

Thank you

submitted by /u/bloodbank5
[link] [comments]
Get BONUS $200 for FREE!

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



Comments