Posting this because Binance has a critical design flaw that may make anyone lose their crypto, even in the event you do all the things proper.
Right here’s a simple breakdown so even non-technical individuals can perceive how damaged that is.
???? Step 1: I Did a $10 Check Deposit First
I needed to watch out.
So I despatched $10 value of VET from my Exodus wallet to my Binance deposit tackle.
✅ It arrived successfully.
✅ It showed up in my account stability.
✅ I swapped the 579.548 VET for 9.96 USDT inside Binance itself.
For context:
When sending VET from Exodus, there's no choice to pick a community.
You possibly can solely ship to a VET tackle instantly.
That’s exactly why I despatched the small $10 check first — to ensure every thing labored before sending the complete amount.
At this point, it was clear:
- The tackle worked
- The deposit went by means of
- The swap function labored
https://preview.redd.it/651xczpf00wf1.png?1217&format=png&auto=webp&s=f8e6e9cb8a99fa625ce24cd196e95e52de19d36a
Nothing seemed fallacious.
No warnings.
No "unsupported community" message.
The whole lot behaved like a traditional successful deposit.
???? Step 2: I Sent $1,000 More (Similar Handle)
After confirming the check worked, I despatched $1,000 value of VET to the exact same deposit handle.
The transaction was confirmed on the VeChain blockchain ✅
https://vechainstats.com/transaction/0x948b632c6c0c51869d308eec6a2cd58e13e2f5496873bbb2fc8af682f6642f7b/
But this time, nothing appeared in Binance.
???? Step 3: Binance’s Excuse Makes No Sense
Their help informed me:
"We don't presently help the VET token or VET network."
That is false.
They do help VET, as a result of I literally just swapped VET for USDT on their platform minutes earlier.
Once I confirmed proof, they changed their story:
"VET coin is listed, but solely deposits using the BSC community are supported."
Right here’s why that rationalization is senseless:
- Once you click "Deposit VET" on Binance, it provides you one tackle only.
- There's no dropdown, no "choose community" choice.
- You can't select VeChain vs BSC, there is just one handle.
- I used that exact same handle for my $10 check and my $1,000 deposit.
- The primary labored. The second vanished.
- Binance’s UI nonetheless exhibits the transaction underneath "Current Deposits."
- Meaning the system acknowledges the transaction however refuses to credit it.
- And as I stated earlier, Exodus doesn’t even allow you to select a network for VET, so there's literally no approach for the consumer to avoid this example.
If it was really unsupported, the check deposit wouldn't have labored either.
???? Step 4: The Outcome
- Binance accepted my $10 deposit and swap with out challenge
- Then rejected my $1,000 deposit to the same handle
- Now they are saying "Please wait till we help that network sometime." ????♂️
- In the meantime, my $1,010 value of VET is caught on the blockchain
???? Proof
- TXID (Check Deposit):
0x948b632c6c0c51869d308eec6a2cd58e13e2f5496873bbb2fc8af682f6642f7b - TXID (Primary Deposit):
0x4989fa464b2e636fbcdfa3f82ef12advert18749670a9af6398c2812cdaa82ef7672 - Swap Affirmation: 2025-10-18 14:37:59 — 579.548 VET → 9.961 USDT
https://preview.redd.it/9jm6wmmh00wf1.png?1614&format=png&auto=webp&s=a3c73d988b3235b69349c40e9999689cab2ffad3
- All confirmed inside Binance’s system
⚠️ Step 5: Why This Is Binance’s Fault, Not "Consumer Error"
| Declare | Reality |
| "You despatched to an unsupported community." | Binance only exhibits one deposit tackle for VET, there isn't a approach to decide a network. |
| "You didn’t check first." | I did check first, and the check worked perfectly. |
| "You didn’t comply with directions." | I adopted the same steps both occasions, Binance changed its conduct. |
| "That’s your fault for utilizing VeChain." | Not when Binance’s system accepts a token as soon as and rejects it the subsequent time. |
| "You need to have chosen a unique network." | Exodus doesn’t even give that choice, so there was nothing to decide on. |
That is not consumer error, it's a Binance system design flaw that may trick any normal individual into dropping funds.
???? Step 6: My Takeaway
If Binance doesn’t help VeChain deposits:
- They shouldn’t show a deposit tackle for it
- They shouldn’t allow you to swap that token as soon as it’s in your account
- They ought to clearly warn users, not show it underneath "Current Deposits"
Their current setup misleads customers into considering deposits are successful till it’s too late.
???? TL;DR
- Despatched $10 of VET to Binance, labored superb
- Swapped it for USDT, no drawback
- Despatched $1,000 extra to the identical handle, Binance says "unsupported community"
- UI still exhibits the transaction
- Exodus provides no choice to choose network, so there was no approach to avoid this
- Help retains looping canned replies
- $1,010 gone
This isn’t a "mistake" by the consumer, this can be a Binance system failure that must be fastened earlier than more individuals lose their cash.
When you’ve had one thing comparable happen, share your expertise under. Binance needs to be held accountable.
Ticket ID - 80978000
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