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Author Topic: This is definitely huge for Binance traders!  (Read 472 times)
avatar_kiyoshi
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December 15, 2019, 06:22:01 PM
 #41

I tried sending a few coins and it turned out smoothly and quickly. There is a little mechanism that confuses me. Is this some kind of internal transaction in a hot wallet or is there another reason? and how the transaction goes without requiring a confirmation block and fees considering that each user's wallet has a different address.

It's looks like the Binance use "branch address system", it's makes me curious why that transfer is only work within the same Binance branch, maybe they use same wallet with thousand address for one branch and use the mechanism like Zelle apps. That just my guess, cmiiw.
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December 17, 2019, 12:06:11 PM
 #42

I think this kind of transfer between accounts of the same exchange brings convenience to investors and brings certain risks. Investors should regularly check their accounts for missing tokens.

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December 17, 2019, 02:47:09 PM
 #43

This is nothing huge and new, exchange like gate .io has introduced this features of moving funds from one account to another without blockchain interference
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