EXCHANGE BINANCE COIN TO CHAINLINK
What do you need to know?
- The average time to exchange BNB for LINK is from 1 to 2 minutes
- You need 1 confirmation of the BNB blockchain for the exchange
- No need to enter Memo when sending BNB
- We do not support sending LINK to smart contracts
Binance Coin (BNB) — Binance Exchange Token
The BNB Coin cryptocurrency was released through an ICO that took place in July 2017. As a result, they raised $15 million. Binance Coin was created as an ERC20 token and originally worked on the Ethereum blockchain. But in 2019, the coin \”moved\” to its own blockchain. The ERC-20 standard is still adopted by the Binance exchange.
What is a Memo and do I need to specify it?
There is an additional Memo field when submitting Binance Coin. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient.
In our exchanger, when sending BNB you do not need to specify Memo.
Binance Coin Blockchain Speed
An exchange requires 1 confirmation. This operation takes place in a few seconds.
Chainlink at a glance
Chainlink is a cryptocurrency based on the Ethereum blockchain. The LINK token inherits the functionality of the ERC-20 standard, although it itself complies with the ERC-677 standard.
Chainlink (LINK) is the first decentralized oracle service of its kind. The ChainLink project allows smart contracts to use ChainLink oracle services to interact with systems of other payment networks using various APIs.
LINK smart contract
Our exchanger only sends transactions to the original LINK contract. Transactions are not sent to addresses of third-party contracts.
My order is completed, but I cannot see the funds in my wallet, what should I do?
We send Ethereum tokens with an average commission so that the receiving party does not have to wait long for the receipt. But sometimes, with the increased load on the Ethereum network, the transaction can get stuck in the mempool and not get into the block. The status of such a transaction is \”Pending\”. The etherscan.io explorer gives information about the expected processing time of a transaction, but you need to understand that this value is not exact and may change depending on the situation.
If a transaction sent by us cannot be confirmed for a long time, contact technical support with a request to push the transaction through.