Binance directly robbed me of 90% of my deposited coins $&@!@$

[tread93]

All I wanted to do was buy a tiny bit of doge coin and binance has screwed me lol. Sent $70 to the old non US account by mistake forgetting they changed to a US only platform. They said they’d give the withdrawal fee back (.0005 BTC or $35)  if I sent funds to another binance address so I created the binance US account, now I can’t even convert the BTC to doge on the new binance US account so I’m creating a kraken account, now if I want to transfer my remaining $35 of BTC that I transferred in they take pretty much all that’s left and I get $7 back in BTC. I’ve been Robbed 90% of what I transferred into Binance, screw that platform! I’ll never use them again. Going back to Bittrex or Kracken after this experience. I’m so pissed and I still don’t have any DOGE lol. I’m glad it is such a minuscule amount, but still lol.

[crwth]

The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

[johnwest]

There is no "By mistake" in crypto, it is one of the things which common people think of as a disadvantage. I don't see any fault of Binance here, they are the most trustworthy and easy-to-use exchange there is. What happens if you send an alt to a different alt's deposit address.?? You can't blame the exchange nor anyone for these kinds of mistakes. Binance clearly shows warning alerts on most of the steps you have gone through before clicking send, so blame yourself and move on with what you have.

[DarkDays]

The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

I agree. As frustrating as it may be, the fault lies with the OP. All of this loss and stress could have been avoided with a little research. It is just that to do anything these days if you're not sure you'll most likely end up losing money.

It is not like Binance US robbed you, no, you gave the wallet away knowing this might be the risk you take. Another learnt lesson.

[tread93]

The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

That’s sound advice, thanks for that and for the roast 😂😂😂 The truth is I’ve only been buying BTC via cash app for the last 2 years and randomly logged into my Binance account after all of those changes. Their claim to refund the fees when sent to another binance user address is currently being tested. In their fine print it stated as soon as the deposit posted they would refund that .0005 transfer fee, it’s been 2 days and still no refund. I put in a support ticket.

 Yes yes yes binance us is great and all but I’ll pass and opt for a US HQed exchange Bittrex instead. Appreciate the feedback! Definitely lessons learned here.

[tread93]

The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

I agree. As frustrating as it may be, the fault lies with the OP. All of this loss and stress could have been avoided with a little research. It is just that to do anything these days if you're not sure you'll most likely end up losing money.

It is not like Binance US robbed you, no, you gave the wallet away knowing this might be the risk you take. Another learnt lesson.

Yes, after the fact I realized I should have just posting here asking for the best way to do this exchange for DOGE. It’s whatever, I’d be buying at the high but it seems as if even now it’s a great time to buy in.

[Bitcoin_Arena]

One thing any trader from the US should do before depositing anything in an exchange is always check the Terms and conditions. Every day, different platforms are changing their Terms of Service and blocking US residents from using their services.
It would be more befitting to say they robbed you if they had refused to get you back your BTC, but they did try to refund you.  You have to put in mind that exchanges charge withdrawal fees.

The smart move would have been to look for some trusted member here, converted the BTC to an asset with low transaction fees like EOS or USDT (TRC20). Transfer the EOS or USDT to that person in exchange for the Doge you wanted. problem solved.

[tread93]

Agreed, I’m sure they change their TOC almost every day 😂 and hang on, how did they “try” to refund me? They made a claim and that was in the footnotes. We’ll see what they say once they close out the ticket I placed on it. Even if I lose out I’m thankful it was small, next time I will definitely be exchanging with either someone on here or someone else I know though another social outlet.

[tread93]

There is no "By mistake" in crypto, it is one of the things which common people think of as a disadvantage. I don't see any fault of Binance here, they are the most trustworthy and easy-to-use exchange there is. What happens if you send an alt to a different alt's deposit address.?? You can't blame the exchange nor anyone for these kinds of mistakes. Binance clearly shows warning alerts on most of the steps you have gone through before clicking send, so blame yourself and move on with what you have.

Yes, good call here. I’m moving on, sorry for the completely irrelevant rant. You all have done a great service here by helping me cope 😂. I am much wiser now and I am looking forward to not making these same mistakes in the future. If anyone has any extra wisdom here, even if it’s completely irrelevant and spontaneous that verbiage is welcomed 💯🙏🇺🇸

[Bitcoin_Arena]

Agreed, I’m sure they change their TOC almost every day 😂 and hang on, how did they “try” to refund me? They made a claim and that was in the footnotes. We’ll see what they say once they close out the ticket I placed on it. Even if I lose out I’m thankful it was small, next time I will definitely be exchanging with either someone on here or someone else I know though another social outlet.

Let's be fair @tread93  
Are you sure you really wanted them to send you back the BTC minus deducting any withdrawal fee?

I have seen worse exchanges that don't even bother letting you get back some of the money and all they do is keep saying that you breached their terms of service.

As far as I know about the Internal transfer (sending bitcoins to another Binance address in order to get the withdrawal fee refund), I am not sure if it also works between Binance.com and Binance.us accounts, but I am more that certain it works between two Binance.com account addresses.

However, the BTC will not be part of your sent BTC, it will remain in your sending account. Check your Binance.com account to see if there is any 0.0005 BTC remaining. If it isn't there, then sorry.

[nelson4lov]

All I wanted to do was buy a tiny bit of doge coin and binance has screwed me lol. Sent $70 to the old non US account by mistake forgetting they changed to a US only platform. They said they’d give the withdrawal fee back (.0005 BTC or $35)  if I sent funds to another binance address so I created the binance US account, now I can’t even convert the BTC to doge on the new binance US account so I’m creating a kraken account, now if I want to transfer my remaining $35 of BTC that I transferred in they take pretty much all that’s left and I get $7 back in BTC. I’ve been Robbed 90% of what I transferred into Binance, screw that platform! I’ll never use them again. Going back to Bittrex or Kracken after this experience. I’m so pissed and I still don’t have any DOGE lol. I’m glad it is such a minuscule amount, but still lol.

I'm not sure how Binance US works because I haven't used it before (Non-US user here). But I'd like to note one thing, if you sent the BTC to another Binance wallet address, then the withdrawal fee would be sent back to the wallet you sent it from. So you have to check it to see if they returned the fee. Also, You should consider converting your BTC to any of the available altcoins just so you can skip paying an enormous amount as tx fee.

[milewilda]

The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

Exactly! Its just a matter of having some common sense before making out transaction in regards with transfers because fees now are on the rooftop and its just
sensible that you would really be using up altcoins with less fees and fast confirmation rather than on transacting those common coin where it can really
slice up a big on your total amount that tending to transact on and when they lost up money then they do took blame into the platform. lol

[crwth]

That’s sound advice, thanks for that and for the roast 😂😂😂 The truth is I’ve only been buying BTC via cash app for the last 2 years and randomly logged into my Binance account after all of those changes.

Not trying to roast you though. I'm just stating facts lol. Anyway, I hope you find the solution to all your problems. It's not bad to use Bittrex too.

Yes, after the fact I realized I should have just posting here asking for the best way to do this exchange for DOGE. It’s whatever, I’d be buying at the high but it seems as if even now it’s a great time to buy in.

There are a lot more to do if you utilize the forum more. Expert traders and excellent community members are the best to ask questions from. Don't be shy and read a lot of topics to be informed.

[AicecreaME]

The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

Exactly.

The title should be "I lost 90% of my deposited coins because of me being careless". This kind of thing, that is blaming your own mistake to others somehow lessen your frustrations because you thought somebody would pamper you, but nobody will do that here. It is clearly OPs fault for not being careful on what he's doing, luckily Binance have a very great customer service to give back the funds to OP, however, it is unconvenient to him because of his own mistake.

I happened to send out my old UTK tokens to a new UTK address that Binance have, and I thought that was a goner already but they sent me back the UTK however I paid 0.001 BTC as their service fee, which is worth it.

Disclaimer: I am not promoting the said website

[beerlover]

All I wanted to do was buy a tiny bit of doge coin and binance has screwed me lol. Sent $70 to the old non US account by mistake forgetting they changed to a US only platform. They said they’d give the withdrawal fee back (.0005 BTC or $35)  if I sent funds to another binance address so I created the binance US account, now I can’t even convert the BTC to doge on the new binance US account so I’m creating a kraken account, now if I want to transfer my remaining $35 of BTC that I transferred in they take pretty much all that’s left and I get $7 back in BTC. I’ve been Robbed 90% of what I transferred into Binance, screw that platform! I’ll never use them again. Going back to Bittrex or Kracken after this experience. I’m so pissed and I still don’t have any DOGE lol. I’m glad it is such a minuscule amount, but still lol.

I can understand that some people may not have the riches of other people, I look at millionaire people and envy them as well, and if one millionaire came up to me and said "just few thousand dollars? what is that man, forget about that money" I would be pissed as well.

This is why I do think that we should help OP instead of trying to humiliate his amount, everyone has the amount they can gather and that is normal. However OP you have to realize, some things cost money in crypto, and that is why smaller amounts get hit higher, when you have 1000 dollars you get charged 20 dollars for something, when you have 30 dollars you get charged 20 all the same, which means these type of things hurt you the most. And when you "forget" about something it will cost you like this, if I forgot it, it would be less than 1% of my portfolio and I would be fine, but when you do , it is 90% of your money so you have to be extra careful.

[jrrsparkles]

All I wanted to do was buy a tiny bit of doge coin and binance has screwed me lol. Sent $70 to the old non US account by mistake forgetting they changed to a US only platform. They said they’d give the withdrawal fee back (.0005 BTC or $35)  if I sent funds to another binance address so I created the binance US account, now I can’t even convert the BTC to doge on the new binance US account so I’m creating a kraken account, now if I want to transfer my remaining $35 of BTC that I transferred in they take pretty much all that’s left and I get $7 back in BTC. I’ve been Robbed 90% of what I transferred into Binance, screw that platform! I’ll never use them again. Going back to Bittrex or Kracken after this experience. I’m so pissed and I still don’t have any DOGE lol. I’m glad it is such a minuscule amount, but still lol.

Actually I don't trust your story first of all, why they should give half of your funds or you send $70 to Binance which includes the transaction fee?

They didn't steal money from you, and this is entirely your fault so you paid the cost for it bud.

[Husires]

The post explains that you should research before going to buy, it is good that you lost a small amount some may lose a lot because of trying not to miss the opportunity to buy a currency.
Binance.US made too many lost them money that may be avoided if a warning is placed before using the site if you are in the United States.
Why not use SimpleSwap.io or ShapeShift instead of logging in to and withdrawing from central platforms?

[tread93]

That’s sound advice, thanks for that and for the roast 😂😂😂 The truth is I’ve only been buying BTC via cash app for the last 2 years and randomly logged into my Binance account after all of those changes.

Not trying to roast you though. I'm just stating facts lol. Anyway, I hope you find the solution to all your problems. It's not bad to use Bittrex too.

Yes, after the fact I realized I should have just posting here asking for the best way to do this exchange for DOGE. It’s whatever, I’d be buying at the high but it seems as if even now it’s a great time to buy in.

There are a lot more to do if you utilize the forum more. Expert traders and excellent community members are the best to ask questions from. Don't be shy and read a lot of topics to be informed.

Really appreciate all this feedback guys! This was honestly so miniscule, and so in the moment that it shouldn't have ever been posted. One of those things at the end of a hard day that happens where you just reach the tipping point, and this was obviously enough for me to have posted about it. When I posted this I was already frustrated with other things pertaining to my work that are out of my control. When it came to the things I can control I lacked research and proper execution here. Hope this doesn't ruin my image on here. I plan to be much more active on BTALK & soak up all there is to learn. If anyone has any good suggestions to any threads for me or how to get more involved on this forum I would love to hear more. I am thankful for this experience, because when I fail I only get better.   

[tread93]

The post explains that you should research before going to buy, it is good that you lost a small amount some may lose a lot because of trying not to miss the opportunity to buy a currency.
Binance.US made too many lost them money that may be avoided if a warning is placed before using the site if you are in the United States.
Why not use SimpleSwap.io or ShapeShift instead of logging in to and withdrawing from central platforms?

Yes, hopefully others will learn from my novice mistake here. Great suggestions! I have heard of ShapeShift and have a Keyme that remains untouched- maybe I should be looking more into utilizing that because I know they use shapeshift as their platform. I forgot the most important thing here which is that fees are very high on small amounts, better deal with larger amounts and I fully intend to! I'm getting my money right, 2021 is going to be a fantastic year for me and I hope it will be for everyone in here as well!

[tread93]

The first one is your fault for sending it to a non-us account. How can you even forget that? If you are logging into their website and in the US, there would be a warning that you should be using Binance US.

Secondly, if you understood why it has high fees in the first place, you would know that it would take a lot from your deposit. It wouldn't be worth it to transact $70 with a $35 fee. That's not economically friendly.

I can suggest that you convert your remaining funds or your future funds for a good altcoin with low fees. With that, you can transfer with a fraction of a price instead of paying a ridiculous amount of fees that takes up 50% of your deposit.

Exactly.

The title should be "I lost 90% of my deposited coins because of me being careless". This kind of thing, that is blaming your own mistake to others somehow lessen your frustrations because you thought somebody would pamper you, but nobody will do that here. It is clearly OPs fault for not being careful on what he's doing, luckily Binance have a very great customer service to give back the funds to OP, however, it is unconvenient to him because of his own mistake.

I happened to send out my old UTK tokens to a new UTK address that Binance have, and I thought that was a goner already but they sent me back the UTK however I paid 0.001 BTC as their service fee, which is worth it.

Disclaimer: I am not promoting the said website

Thanks for the input! I was careless here. Striving to be better and move along. There actually was an option to have the fee be sent back to the recievers address which is what I opted for but since its a Binance to Binance US address it may not work for that reason, we'll see. I've not completely been robbed yet LMAO. the coins are still sitting there and i'm still waiting on my ticket. They may be left there indefinitely lol.