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RE: PSA: Trading Steem on Binance DOES NOT SUPPORT ENCRYPTED MEMOS.

in #binance6 years ago (edited)

Thanks for the info @matt-a I tend to use Bittrex, the transactions seem to go through much faster.
I was not aware of the encryption with the # in the memo field..... still so much to learn thanks for sharing! 👍
The last time I tried to use a memo on Bittrex it wouldn’t go through at all, has this changed?

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If you're depositing to Bittrex a memo is required so it knows where to go. If you don't use a memo, you're gonna run into issues and will have a hard time getting your funds back (if you're able to).

You can place a # before the memo on deposit or withdrawal on Bittrex to obfuscate the info, though.

Thanks @matt-a I will put that info in my note book. So much changes so fast and so often with the different exchanges I need to stay on top of this LOL.
I haven't done a Steem/SBD deposit to Bittrex yet, all my Bittrex Deposits have been incoming BTC to trade for Steem.
Outgoing Steem from Bittrex to my Steem wallet the last time I tried to enter a memo ( last Month ) The transaction failed!
The only way I was able to withdraw Steem from Bittrex was to leave the memo empty.
Do you know if this has changed again???