[NO MOONS] Do not withdrawal crypto as BEP2/BEP20 tokens if you're trying to get your money out of Binance. You leave your legitimate crypto with Binance and are left with a token that is backed by Binance.

Do not withdrawal your crypto as a BEP2/BEP20 token if you're trying to get your crypto off of Binance. It's the same as leaving your crypto with Binance. What happens is you give Binance ownership of your crypto and they give you a token on the BNB chain that is a representation of it.

If you choose to interact with the centralized "defi" ecosystem that is the BNB chain by all means withdrawal your crypto as a BEP2/BEP20 token, but otherwise you should never leave your non-native crypto as tokens on the BNB chain.

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Binance is super sneaky and makes withdrawals into the BNB chain cheaper than withdrawing into the native ecosystem. This is a shady and intentional move by Binance so they can...

• Keep your crypto
• pump assets into the BNB chain

Never withdrawal crypto into the BNB chain to hold long term, especially if you're trying to get your crypto away from Binance. If Binance were to hypothetically fail because they didn't have adequate reserves to back withdrawals all tokens backed by Binance would also become worthless.

This is what happened to wrapped BTC on the Solana network backed by FTX when FTX failed.

Important note: This is specific to cross-chain assets on the BNB chain, like BTC, ETH, DOGE, ADA. It's not about crypto like Safemoon or Squid that is a token native to the BNB ecosystem.