- BitGet also has lately announced support for multiple deposit addresses similar to this.
- Up to twenty deposit addresses per network are available to users at this time.
A new feature that will enable customers to obtain several deposit addresses for a single network has been unveiled by Binance. At launch, it supports ERC20 tokens issued on the Ethereum network as well as tokens issued on Ethereum-compatible networks such as Arbitrum One and BNB Smart Chain. In the long run, additional blockchains will be supported by this feature.
In response to customer requests, Binance has added the ability to create numerous deposit addresses for a single network. The goal of this upgrade is to both provide for “airdrop hunters” and improve the security of users’ privacy. BitGet, another cryptocurrency exchange, and others have lately announced support for multiple deposit addresses similar to this.
Support for More Blockchains Underway
Additionally, Binance has included a deposit address book feature. Users may benefit from more financial mobility thanks to this function’s facilitation of the effective organization and maintenance of several deposit addresses.
To begin, there are a variety of Ethereum (ERC20) and Ethereum-compatible alternative networks from which users may obtain deposit addresses for tokens. In the future, Binance hopes to provide support for other blockchains.
Up to twenty deposit addresses per network are available to users at this time. The “Deposit Crypto” tab of Binance’s website is where users can begin things rolling. Users on a mobile device can also get to this function by going to the Binance app and clicking the “Deposit” button there.
Users may then pick their preferred network to get a complete directory of deposit addresses. From this screen, they may add a new deposit address or make changes to their existing list of deposit addresses. Users may start making deposits when they’ve chosen a deposit address.
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