Binance has formally announced a new feature that enables users to obtain multiple deposit addresses for a single network.
The largest cryptocurrency exchange in the world, Binance, has formally announced a new feature that enables users to obtain multiple deposit addresses for a single network.
It is initially accessible for assets on the Ethereum network (ERC20) and Ethereum-compatible alternatives such as Arbitrum One and BNB Smart Chain. In the future, the feature will be expanded to support additional blockchains.
Binance Launches New Address Feature
Binance has implemented a new feature that allows users to generate multiple deposit addresses for a single network in response to user feedback. This innovation is intended to appeal to “airdrop hunters” and strengthen user privacy protection. Other cryptocurrency exchanges, such as BitGet, have recently announced support for numerous deposit addresses per network.
Additionally, they also implemented a deposit address book function. This feature enables users to efficiently organize and monitor their deposit addresses, allowing greater flexibility in managing their funds.
How Do I Use New Feature?
Users can generate multiple deposit addresses for tokens on the Ethereum network (ERC20) and Ethereum alternative networks, including Arbitrum One and BNB Smart Chain. Binance intends to support additional blockchains in the future.
Currently, users can obtain up to 20 deposit addresses per supported network. Users can begin by visiting the “Deposit Crypto” page on Binance. You can also access the feature using a mobile device by selecting “Deposit” within the Binance app.
Users can then select the desired network to observe the complete list of deposit addresses. They can claim a new deposit address or modify the deposit address book from this interface. After selecting a deposit address, users can proceed with their deposits accordingly.
