Binance NFT Suspends Bitcoin NFT Trades and Deposits, Advises Withdrawals by Deadline, and Provides Runestone NFT and Token Distribution Details.
Binance NFT, the NFT marketplace offered by leading cryptocurrency exchange Binance, recently made an important update regarding Bitcoin NFT. In an official announcement, Binance NFT said it will end support for Bitcoin NFT transactions and deposits on its platform.
According to the announcement, users are advised to withdraw their Bitcoin NFTs from the Binance NFT Marketplace via the Bitcoin network before May 18, 2024 to ensure they retain ownership and control of their assets. After April 18, 2024, users will no longer be able to buy, deposit, bid, or list NFTs on the Binance NFT Marketplace using the Bitcoin network.
It is important to note that all affected listing orders will be automatically canceled on the specified date and time. Additionally, Binance NFT has clarified that it will not support any additional airdrops, benefits or utilities related to Bitcoin NFT after April 10, 2024.
The announcement also applies to Runestone NFTs. Binance NFT has confirmed that for users who are eligible for the Runestone airdrop, NFTs have now been distributed to their Binance NFT accounts. However, users are advised to withdraw these NFTs before April 10, 2024 to ensure they have the opportunity to receive all associated tokens, utilities and benefits.
It is important that users take note of the stated deadlines and ensure that they withdraw their Bitcoin NFT and Runestone NFT respectively. Failure to do so may result in loss of associated tokens and benefits.
Binance NFT has emphasized that Runestone NFT trading will not be supported on its platform. Users who have any questions or concerns regarding these updates are encouraged to contact Customer Support for assistance.
As with any investment, it is critical that you 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 has announced the end of support for Bitcoin NFT on its marketplace. Users are advised to withdraw their Bitcoin NFTs before May 18, 2024 and to withdraw Runestone NFTs before April 10, 2024 to ensure they retain access to the associated tokens, utilities and benefits. For further information and assistance, users can contact the Binance NFT Customer Support Team.
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