Binance responded to user feedback by introducing a new feature to enhance efficiency and convenience.
Binance, the world’s largest cryptocurrency exchange, has introduced a new feature that allows users to have multiple deposit addresses for a single network.
Initially available for tokens on the Ethereum network (ERC20) and alternative networks like Arbitrum One and BNB Smart Chain, the feature will later expand to support additional blockchains.
Binance Introduces Multiple Address Feature
In response to user feedback, Binance has introduced a new feature enabling users to generate multiple deposit addresses for a single network. The purpose of this development is to cater to “airdrop hunters” and enhance user privacy protection.
Following the trend, BitGet and other CEXs have also introduced the multiple deposit address feature for a single network. Binance, in addition to that, has introduced a deposit address book function, allowing users to efficiently organize and manage their various deposit addresses, providing greater flexibility in handling their funds.
How To Get Started With The New Feature
Binance has launched a new feature that allows users to generate multiple deposit addresses for tokens on the Ethereum network and Ethereum alternative networks. Initially, users can create up to 20 deposit addresses for each supported network.
To access this feature, users can visit the “Deposit Crypto” page on Binance’s website or tap on “Deposit” in the Binance App. Once there, they can select the desired network and view the available deposit addresses. Users can also manage their deposit address book conveniently.
Once a deposit address is chosen, users can proceed with their deposits. Binance plans to expand this feature to include support for more blockchains in the future.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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