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Binance Retires Current Deposit Addresses and Memo on Selected Networks to Enhance Wallet Efficiency and Security

Binance, one of the largest cryptocurrency exchanges in the world, has announced that it will be retiring current deposit addresses and memo on selected networks to upgrade the exchange's wallet infrastructure for better efficiency and security. Users must obtain a new deposit address via the Binance app or website, and failure to do so could result in delays in receiving deposits.

The migration will be conducted over a period of time, and users will be notified via email. Binance will not execute any address change for users, and deposits made to old deposit addresses after the migration will not be automatically credited.

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