![]() ![]() The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". ![]() The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. The exchange employs a range of security measures, including two-factor authentication, cold wallet storage, and routine security audits, to provide a secure trading environment for its users. This proactive approach helps to safeguard against any vulnerabilities that may arise due to outdated address configurations.įurthermore, Binance’s emphasis on user security extends beyond wallet upgrades. Notably, Binance has consistently placed great importance on implementing robust security measures and staying one step ahead of potential threats.īy refreshing their XRP addresses, Binance users can benefit from the latest advancements in security protocols. Read Also: Binance, Ripple and XRP Whales Jointly Move 364 Million XRP in 24 Hours Binance Continues Emphasis on User Security Users who need to update their XRP deposit address and memo should do so as soon as possible to avoid any disruptions to their XRP transactions. After this date, any XRP deposits made to expired addresses will not be credited to the user’s account. The wallet upgrade will begin in July 2023 and will be completed by September 2023. If you have not received a notification, you can continue to use your current deposit address without any problems. ![]() It is important to note that only users who have received a notification from Binance need to update their XRP deposit addresses and memos. Users who do not receive a notification do not need to take any action. This notification will include the new deposit address and memo that they need to use. Users who have been affected by the wallet upgrade will receive an email notification from Binance. By adjusting deposit addresses and memos, Binance can help to prevent fraud and ensure that XRP transactions are processed smoothly. The wallet upgrade is part of Binance’s ongoing efforts to improve user fund security and efficiency. Network addresses scheduled for migration in Q3 (July – September 2023): BTC BCH XRP SOL XMR LTC ADA DOGE DOT FIL ALGO AVAX and more.… Network addresses scheduled for migration in Q3 (July – September 2023): BTC BCH XRP SOL XMR LTC ADA DOGE DOT FIL ALGO AVAX and more”īinance has been upgrading its wallet infrastructure and will be retiring selected deposit addresses and memos in batches by networks. Read Also: Pro-XRP Lawyer Wants to Represent Coinbase and Binance Customers in SEC LawsuitĬolin Wu tweeted, “Binance has been upgrading its wallet infrastructure and will be retiring selected deposit addresses and memos in batches by networks. Affected users are expected to update their addresses and memos in order to continue depositing XRP into their Binance accounts.Īlongside XRP, other digital asset addresses that Binance is set to retire include BTC, BCH, SOL, XMR, LTC, ADA, DOGE, DOT, FIL, ALGO, AVAX, and many others. According to the report, as part of the upgrade, some XRP deposit addresses and memos will expire in the Q3 of 2023. The new development was shared by a Chinese crypto reporter Colin Lu. Binance, the world’s largest digital asset exchange by market, has announced that it is upgrading its XRP wallet infrastructure. ![]()
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