Binance Upgrades Deposit Addresses on Multiple Chains

Table of Contents

Join our community

Estimated reading time: 0 minutes

Binance Upgrades Deposit Addresses on Multiple Chains
Binance, the world’s largest cryptocurrency exchange by trading volume, is retiring old deposit addresses on multiple blockchains, including Ethereum (ETH), Tron (TRX), BNB, and Stellar (XLM), as part of its infrastructure upgrade. Binance has stated that this routine process is aimed at enhancing security and efficiency for its users.

What should Binance users do about the upgrade?

Binance users impacted by the deposit blockchain addresses retirement will be notified via email, and the exchange strongly recommends that all impacted users obtain a new address and memo upon receiving the notification. The notification email will include the expiration date for any outdated deposit addresses. The migration is scheduled between April and June 2023.

Will funds be lost if mistakenly sent to expired addresses?

Binance has assured users that funds won’t be lost if mistakenly sent to expired addresses. However, payments made to expired addresses will not be immediately reimbursed. Users must manually credit the deposits from the old address using the “transaction history” page.
Crypto_Library_logo_512x512_svg

Disclaimer: Trading and investing in cryptocurrencies (also called digital or virtual currencies, altcoins) involves a substantial risk of loss and is not suitable for every investor. You are solely responsible for the risk and financial resources you use to trade crypto. The content on this website is primarily for informational purposes and does not constitute financial advice.

Are you ready to take your trading skills to the next level?

"Trade Like a PEPE" is the ultimate course that will transform you into a confident and profitable trader! 📈

🐸 Transform into a confident and profitable trader

📈 Master technical analysis, risk management, and market psychology to navigate the crypto markets like a pro.

🔍 Develop a proven trading plan and spot high-probability setups.

Safe your spot!