- Binance, one of the largest cryptocurrency exchanges in the world, has officially announced a new feature that allows users to have multiple deposit addresses for a single network.
- Initially, users can create multiple deposit addresses for tokens on the Ethereum network (ERC20) and Ethereum alternative networks like Arbitrum One, as well as BNB Smart Chain.
- Currently, the exchange allows users to have up to 20 deposit addresses for each supported network.
Binance has introduced this new feature with a focus on serving airdrop hunters and strengthening user privacy protection.
Binance Launches User-Requested Feature
Binance, one of the world’s largest cryptocurrency exchanges, has officially announced a new feature that allows users to have multiple deposit addresses for a single network. Initially, this applies to tokens on the Ethereum network (ERC20) and Ethereum alternative networks like Arbitrum One and BNB Smart Chain. The feature will be expanded to support more blockchains in the future.
In response to user feedback, Binance has introduced a new feature that enables the creation of multiple deposit addresses for a single network. This development aims to serve airdrop hunters and enhance user privacy protection. Other exchanges (CEXs) have also recently announced the feature of having multiple deposit addresses for a single network.
Binance has also introduced a deposit address book function. This feature allows users to organize and keep track of various deposit addresses in a structured manner, enabling them to manage their funds more flexibly.
How to Use the New Feature?
Initially, users can create multiple deposit addresses for tokens on the Ethereum network (ERC20) and Ethereum alternative networks like Arbitrum One and BNB Smart Chain. Binance plans to support more blockchains in the future.
Currently, users are allowed to have up to 20 deposit addresses for each supported network. To get started, users can visit the “Deposit Crypto” page on Binance’s website. If using a mobile device, the feature can be accessed by clicking on “Deposit” in the Binance App.
Users can view the full list of their existing deposit addresses by selecting the desired network. From this interface, they can request a new deposit address or directly manage the deposit address book. Once a deposit address is selected, users can proceed with their deposit transactions accordingly.
