Withdrawing Cardano from Binance has been possible again since Tuesday, but only as a BEP20 token on BNB Smart Chain, not via the Cardano network itself. Anyone wanting to send ADA to a Cardano-only wallet such as Yoroi or Eternl will find the native network still blocked. According to the release list, the same applies to Litecoin, Polkadot, Stellar, Hedera and NEAR. Anyone who simply picks BEP20 in this situation and enters a Cardano address risks the coins never arriving.
Early on Tuesday morning, Binance launched the second phase of withdrawals after the hack of October 29. In its announcement "Recovery Update #6", the exchange lists a long set of coins for November 3 from 5 am German time, sorted by network. The catch lies in that sorting: many well-known coins appear only under "BSC", that is, as tokens on BNB Smart Chain. Most German reports on the second phase do not mention this. This guide explains what BEP20 means, which wallets can handle it and when waiting is the better choice than a quick withdrawal.
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