Binance LTC Deposit

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Questions and Answers

What cryptocurrency can be deposited to Binance, according to the image?

LTC (Litecoin)

What network is being used for the deposit?

  • Bitcoin Network
  • Ethereum Mainnet
  • Ripple Network
  • BNB Smart Chain (BEP20) (correct)

What is the wallet address provided for the LTC deposit?

0x1768b5685a80d31cb8b4fd05e9987c42fa751fff

It is acceptable to send NFTs to the provided address.

<p>False (B)</p> Signup and view all the answers

Which exchange is this deposit being made to?

<p>Binance</p> Signup and view all the answers

Flashcards

What is a QR code?

A machine-readable code consisting of an array of black and white squares, typically used for storing URLs or other information for reading by a smartphone camera.

What is BNB Smart Chain (BEP20)?

A blockchain platform developed by Binance, designed for running smart contracts and decentralized applications (DApps).

What is a wallet address?

A specific address on the blockchain where you can send and receive Litecoin (LTC).

What is LTC?

Litecoin.

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What is Binance?

A centralized cryptocurrency exchange where users can buy, sell, and trade various cryptocurrencies.

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What does 0x1768b5685a80d31cb8b4fd05e9987c42fa751fff refer to?

A unique string of characters that identifies a specific wallet on the BNB Smart Chain.

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What does NFTs mean?

Non-Fungible Tokens. Unique digital assets that represent ownership of items

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What should be sent to the wallet address provided?

Cryptocurrencies should be sent to the address provided.

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What network to use to deposit Litecoin?

Network used for depositing Litecoin to Binance.

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What should the user do before sending to the address?

Verify the coin, network, and address before sending.

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Study Notes

  • Deposits of Litecoin (LTC) are being made to Binance
  • The network for this deposit is BNB Smart Chain (BEP20)
  • The wallet address is 0x1768b5685a80d31cb8b4fd05e9987c42fa751fff
  • Non-fungible tokens (NFTs) should not be sent to this address

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