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What is the difference?

Exchange Dogecoin to Binance Coin

What do you need to know?

  • ­The average time for exchanging DOGE to BNB is no more than 1 minute
  • ­Only 4 DOGE blockchain confirmations is needed to complete the exchange
  • ­Memo is the BNB payment ID. If you need it when sending a transaction, be sure to include it

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What is Dogecoin?

Dogecoin is a decentralized Internet currency for settlements between network users. The token is developed on the Scrypt algorithm, based on the fork of the LTC coin, called Luckycoin.

The processing speed of transactions in the Dogecoin blockchain

One of the advantages of Doge is the very fast transaction processing speed compared to other cryptocurrencies. This is due to relatively simple mining, which allows for faster block processing. The block is created once a minute, that is, 2.5 times faster than LTC.

To make an exchange, 4 confirmations are required.

Dogecoin network fee

Dogecoin has one of the lowest fee rates, while it practically does not change even when transferring large amounts. The average commission is no more than $0.01.

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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. Many services have address protection, which does not allow transactions without Memo.

If it happened that you forgot to specify the Memo or specified it incorrectly:

  1. Check if the transaction went through. To do this, you can use the explorer.binance service.
  2. If the transaction is not confirmed, write to our technical support. We will help you resend it.
  3. If, nevertheless, the transaction went through, then, unfortunately, we will no longer be able to help. In this case, you should write to the technical support service of the service to which you sent it.

Binance Coin Blockchain Speed

BNB is considered to be a fast blockchain. The transaction is confirmed in a few seconds.

exchange in 3 easy steps

  1. Enter the desired amount of Dogecoin and write your wallet address to receive currency.
  2. Click the "Exchange now" button and you will be taken inside your order.
  3. Send Dogecoin to the address from your order, after the required network confirmation, Binance Chain will be sent instantly.