Nfts
Binance NFT stops supporting Bitcoin NFTs
Binance NFT, the NFT marketplace offered by leading cryptocurrency exchange Binance, recently made a significant update regarding Bitcoin NFTs. In an official announcement, Binance NFT said it will stop supporting Bitcoin NFT transactions and deposits on its platform.
According to the announcement, users are advised to withdraw their Bitcoin NFTs from the Binance NFT Market via the Bitcoin network before May 18, 2024, to ensure that they retain ownership and control of their assets. After April 18, 2024, users will no longer be able to purchase, deposit, bid, or list NFTs on the Binance NFT Marketplace using the Bitcoin network.
It is important to note that all affected ad orders will be automatically canceled on the specified date and time. Additionally, Binance NFT has clarified that it will no longer support any other airdrops, perks, or utilities associated with Bitcoin NFTs after April 10, 2024.
The announcement also concerned Runestone NFTs. Binance NFT has confirmed that for users eligible for the Runestone airdrop, NFTs have already been distributed to their Binance NFT accounts. However, users are advised to cash out these NFTs before April 10, 2024, to ensure that they have the opportunity to receive all associated tokens, utilities, and benefits.
It is important for users to take note of the specified deadlines and ensure they withdraw their Bitcoin NFTs and Runestone NFTs accordingly. Failure to do so may result in loss of tokens and associated benefits.
Binance NFT emphasized that Runestone NFT trading will not be supported on its platform. Users who have questions or concerns regarding these updates are encouraged to contact the customer support team for assistance.
As with any investment, it is crucial to understand the risks involved. The value of NFTs can be volatile and users should be aware that NFTs are subject to high market risk. Binance reminds users to exercise caution and make informed decisions when participating in the NFT market.
In conclusion, Binance NFT announced the end of support for Bitcoin NFTs on its marketplace. Users are advised to withdraw their Bitcoin NFTs by May 18, 2024, and withdraw Runestone NFTs by April 10, 2024, to ensure they retain access to associated tokens, utilities, and benefits. For further information and support, users can contact the Binance NFT customer support team.
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