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Author Topic: Is it possible to change your BTC deposit address on Binance?  (Read 170 times)
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January 09, 2025, 03:28:29 AM
 #21


Thanks for confirming. I guess this is where Binance is left behind. If other exchanges or even crypto casinos and betting sites can offer this feature, why can't they, right? It should be made basic. Or perhaps this is indeed offered in selected jurisdictions. At least OP has options in case he/she isn't allowed to have multiple Bitcoin deposit addresses on Binance. Bybit and OKX aren't bad alternatives, anyway.

By the way, your address is on the QR as well. You forgot to shade it. Grin

I don’t dare to change wallet address with Binance. The last time they made an upgrade with their wallet that resulted to change address they strictly warned user to not deposit on old address or else fund will lost.

Unlike other exchange that accepts change address which you can still use the previous address to deposit in case you forgot that you updated your wallet address.


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January 09, 2025, 04:37:21 AM
 #22


Thanks for confirming. I guess this is where Binance is left behind. If other exchanges or even crypto casinos and betting sites can offer this feature, why can't they, right? It should be made basic. Or perhaps this is indeed offered in selected jurisdictions. At least OP has options in case he/she isn't allowed to have multiple Bitcoin deposit addresses on Binance. Bybit and OKX aren't bad alternatives, anyway.

By the way, your address is on the QR as well. You forgot to shade it. Grin

I don’t dare to change wallet address with Binance. The last time they made an upgrade with their wallet that resulted to change address they strictly warned user to not deposit on old address or else fund will lost.

Unlike other exchange that accepts change address which you can still use the previous address to deposit in case you forgot that you updated your wallet address.

You aren't allowed to change address anyway, at least as far as Bitcoin is concerned. And whenever you're allowed to, you're actually required to. So, what choice do you have?

But, no, depositing to your old address doesn't mean you lose your funds. It's just that it won't be credited to your balance automatically. You have to manually do it. But your funds are safe. Or at least that's what they say.

Yeah, unfortunately, as has been discussed, you can't have a Bitcoin address book with Binance. You can't create a new address or shift from one used address to another. They're lagging behind their competitors as far as this feature is concerned.

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January 09, 2025, 03:20:33 PM
 #23

I don’t dare to change wallet address with Binance. The last time they made an upgrade with their wallet that resulted to change address they strictly warned user to not deposit on old address or else fund will lost.
You can't even change it yourself, only the exchange can change it during an upgrade. However, that warning is for people who save their exchange wallet address somewhere and only go there to get it when they want to deposit; it is recommended to always log in to your exchange account and get your wallet address whenever you want to deposit funds. Take note that the funds would not be lost, but you will have to contact support to have it processed.

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