Is my binance deposit wallet address static or dynamic?

[papajo_r]

So I am a noob and I am not sure about this...

I mine @ the ethermine pool (for ethereum)

and I set it so that the payouts go to my binance address (the ERC20 address binance gives once you setup an account and then go to wallet>overview>deposit>ETH)


In theory as far as I understand when payout day comes then ethermine should deposit my mined tokens to that address and I should be able to see them on my binance balance.

But what I would like to know is if this address will remain the same or that if binance periodically changes that deposit address (which would mean that the tokens would still payout to the initial address which probably wouldnt be assigned to me anymore so I lose tokens) ?

I hope that it is static/permanent . ..

P.S I tried to contact binance about this but I didnt get any response for days... so maybe anybody here does the same thing and could verify that the address is static or not? Thanks

[rdluffy]

Every exchange have their rules and work method.

Binance uses the same adress, but you have to consider they can change / update your adress from time to time, if you are going to use exchange adress, just be well informed and check your deposit adress regularly
And even if you deposit to old adress, some exchanges can recover the amount to you. (it's not guaranteed)

But I have to say, a good practice is to have your own wallet, with your keys, and mine to this wallet, it's safer than any other method.

[papajo_r]

Every exchange have their rules and work method.

Binance uses the same adress, but you have to consider they can change / update your adress from time to time, if you are going to use exchange adress, just be well informed and check your deposit adress regularly
And even if you deposit to old adress, some exchanges can recover the amount to you. (it's not guaranteed)

But I have to say, a good practice is to have your own wallet, with your keys, and mine to this wallet, it's safer than any other method.

thanks for your reply.

I just wanted to shave some overhead since even by having my own wallet I will deposit them to my binance account eitherway but thanks.


Also since I got your ear, does it matter where I choose to make a wallet? I have a MEW app wallet but I find it expensive in terms of transfer fees... or are they all the same and it doesnt matter ?