I asked my friend DeepSeek about the fate of cryptocurrencies that are removed and deleted from the Binance platform, such as AERGI, LINA, or BETA, and whether a trader can transfer them from the platform to sell them or benefit from them elsewhere?!
And this is how he answered me... I share it with you, my friends:
When certain currencies are removed from the Binance platform, it means that the platform will stop trading them, but this does not mean that the currency has become worthless.
Here are the options available for traders:
1. Transfer cryptocurrencies to an external wallet:
- You can withdraw these currencies from Binance to your personal wallet like Trust Wallet or MetaMask.
- Make sure that the network supported in the wallet is compatible with the currency network, such as Ethereum ERC-20 or BSC BEP-20.
- After the transfer, you can hold the currencies or trade them on other platforms.
2. Trade them on decentralized platforms:
If the currency is available on networks like Ethereum or Binance Smart Chain, you can trade it through:
- Uniswap (for ERC-20 tokens).
- PancakeSwap (for BEP-20 tokens).
You will need to link your wallet like MetaMask and use the smart contract of the currency for the exchange.
3. Sell on other centralized platforms:
Some other platforms may still support trading these currencies, such as:
- KuCoin
- Gate.io
- MEXC
You can transfer the currency from your wallet to these platforms and sell it if there is liquidity.
4. Hold the currencies:
If you believe the currency has a future, you can hold it in your external wallet until it reappears on major platforms.
5. Convert them to other currencies:
Sometimes Binance offers a period to convert removed currencies to other currencies before stopping trading them.
# Important points:
- Check the trading and withdrawal suspension dates in the official Binance announcement.
- Be aware of network fees when transferring, as they can be high on the Ethereum network.
- Beware of scams, and do not use untrusted links.
