Binance Launches New Feature Responding To User Feedback

Binance, world’s largest cryptocurrency exchanges, has officially announced a new feature allowing users to obtain multiple deposit addresses for a single network. It is initially available for tokens on the Ethereum network (ERC20) and Ethereum alternative networks like Arbitrum One and BNB Smart Chain. The feature will expand to support more blockchains in the future.

Binance Introduces New Address Feature

Binance has responded to a user feedback and introduced a new feature that enables users to generate multiple deposit addresses for a single network. This development aims to cater to “airdrop hunters” and reinforce user privacy protection.

Other CEXs like BitGet recently announced the multiple deposit address feature for a single network.

Binance has also introduced a deposit address book function. This feature enables users to efficiently organize and keep track of their various deposit addresses, providing greater flexibility in managing their funds.

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How To Use New Feature?

To start with, users can generate multiple deposit addresses for tokens on the Ethereum network (ERC20) and Ethereum alternative networks such as Arbitrum One and BNB Smart Chain. Binance plans to support more blockchains in subsequent stages.

Users are currently allowed to obtain up to 20 deposit addresses for each supported network.To get started, users can visit the “Deposit Crypto” page on Binance’s website. It can also be accessed the feature through the Binance App by tapping on “Deposit” if using a mobile device.

From there, users can select the desired network to view the full list of available deposit addresses. They can claim a new deposit address or edit the deposit address book directly from this interface. Once a deposit address is selected, users can proceed with their deposits accordingly.