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How Binance.us Users Overcome The BEP20 Dilemma

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@sumatranate.leo
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My CubDefi experience was purring like a happy cub until this morning.

I was super excited to harvest my Cub. I clicked the Harvest (image 1) and then received the following (image 2).

I received the "ALERT: Insufficient funds" message because I did not have enough Binance Coin (BNB) to cover the fees. Thanks to @deathwing for confirming my suspicions.

I was so excited about provide liquidity via a FARM pool, I forget to hold back some BNB for fees associated with Harvest, Compound, Exchange, and other CubDefi transactions.

PRO TIP (from @gerber): Keep 0.01 or more BNB in Metamask at all times. Sell some of your profits and convert to BNB so that you always have enough BNB to cover fees.

I previously had a Binance.org account (since I lived overseas when the account was created). As a user in the United States, I was able to withdraw BNB from Binance.org but was not able to make a new purchase. BEP20 is supported on Binance.org.

So I set up a Binance.us account hoping to be able to make the transfer to Metamask. Unfortunately, Binance.us does not support BEP20 withdraws.

When I stumbled across the following article, I was pretty sure I had found the solution I was looking for. https://docs.binance.org/smart-chain/wallet/binance.html

I installed the Binance Chain Extention Wallet and set up a new wallet.

Since I was not sure if this process would work, I decided to follow some of the testnet instructions to prove the concept.

I have just documented the steps I took. I am not responsible if any of the information included in this post is missing or inaccurate. I am not responsible for what happens if you choose to use any of the products or services mentioned in this post, including but not limited to CubDefi, Binance.us, and Binance Chain Extension Wallet.

Thanks for stopping by! @SumatraNate

Posted Using LeoFinance Beta