{"id":416020,"date":"2023-07-06T14:45:32","date_gmt":"2023-07-06T14:45:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=416020"},"modified":"2023-07-06T14:45:42","modified_gmt":"2023-07-06T14:45:42","slug":"wallet-upgrade-binance-to-retire-various-deposit-addresses-in-q3","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/wallet-upgrade-binance-to-retire-various-deposit-addresses-in-q3","title":{"rendered":"Wallet Upgrade: Binance To Retire Various Deposit Addresses In Q3"},"content":{"rendered":"<ul class=\"has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background wp-block-list\">\n<li><strong>What<\/strong> &ndash; Binance to make wallet upgrades to various crypto addresses<\/li>\n\n\n\n<li><strong>Why<\/strong> &ndash; To enhance efficiency and fund security<\/li>\n\n\n\n<li><strong>What Next<\/strong> &ndash; Users to receive notifications via email to obtain new addresses<\/li>\n<\/ul>\n\n\n\n<p>On July 6, Binance <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/existing-deposit-addresses-to-be-retired-in-q3-july-september-2023-ffbe37cbd85f46db8fe3021ee3f85eb3?ref=AZTKZ9XS&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial\" target=\"_blank\" rel=\"noopener\">revealed<\/a> that some existing deposit addresses and memos would expire during the third quarter of 2023.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a> will be retiring selected deposit addresses and memos in Q3.<br><br>This will be done in accordance with upgrading efforts to provide better efficiency and fund security for our users.<br><br>Read more here &#128071;<a href=\"https:\/\/t.co\/o3kwWfPSUu\">https:\/\/t.co\/o3kwWfPSUu<\/a><\/p>&mdash; Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1676854498273406976?ref_src=twsrc%5Etfw\">July 6, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The upgrade will affect around 40 cryptocurrencies, including Bitcoin (<a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/google-wallet\">BTC<\/a>), Bitcoin Cash (<a href=\"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-june-27-bitcoin-cash-ecoterra-dash\">BCH<\/a>), Solana (<a href=\"https:\/\/insidebitcoins.com\/news\/solana-pares-july-gains-as-bears-bring-sol-back-to-18-80-level\">SOL<\/a>), Dogecoin (DOGE), Litecoin (LTC), Polkadot (DOT), and many others.<\/p>\n\n\n\n<p>According to the announcement, the existing deposit addresses and memos used by some users will be deactivated between July to September 2023.<\/p>\n\n\n\n<p>A wallet memo is an additional address feature that indicates a transaction recipient beyond a wallet address.<\/p>\n\n\n\n<p>Users who transact using the listed cryptocurrencies will receive a notification via email to obtain new addresses.<\/p>\n\n\n\n<p>The exchange emphasized that users should continue using their current deposit addresses if they have not received an official notification from Binance<\/p>\n\n\n\n<p>&lsquo;&rsquo;Only impacted users who receive notifications from Binance must obtain a new deposit address and memo (if applicable) before the expiry date. Old deposit addresses will expire upon obtaining a new address,&rsquo;&rsquo; the exchange team said.<\/p>\n\n\n\n<p>Binance has, however, assured users that funds deposited at expired addresses will not be lost. Instead, users can manually credit these deposits through the &ldquo;transaction history&rdquo; page on Binance.<\/p>\n\n\n\n<p>The users can access their accounts through the official Binance app or website to acquire new deposit addresses and memos.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-related-news\">Related News<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/binance-temporarily-suspends-multichain-token-transfers\" rel=\"bookmark\">Binance Temporarily Suspends Multichain Token Transfers<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/binance-australia-offices-searched-by-regulators-in-derivatives-probe\" rel=\"bookmark\">Binance Australia Offices Searched By Regulators in Derivatives Probe<\/a><\/li>\n<\/ul>\n\n\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - 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The upgrade will affect around <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1910,"featured_media":409355,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[7612,7679],"class_list":["post-416020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-binance","tag-exchanges"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wallet Upgrade: Binance To Retire Various Deposit Addresses In Q3<\/title>\n<meta name=\"description\" content=\"Binance has announced that some existing deposit addresses and memos would expire within the third quarter of 2023 in order 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