Binance changing deposit address on 2023-05-13

Modified on Wed, 19 Apr 2023 at 02:22 PM

Earlier this week Binance announced that they would update the deposit address for people depositing VET and VTHO into Binance with the following message:

In this article, we will answer the most frequently asked questions on this matter:


Q: What does the deposit address expiration mean?

It means that the address you normally send VET to, for it to be deposited to your account on Binance will change. The next time you make a deposit of VET or VTHO to Binance, make sure to double check you are still sending it to the correct address, or your funds might not arrive on Binance

Q: Why will Binance change my deposit address?

Binance is upgrading its infrastructure to provide better efficiency and fund security, and because of that they are retiring old wallets.

Q: How can I deposit VET or VTHO to Binance?

Please see the following guide on how to deposit VET and VTHO:

Q: If I hold VET on Binance, do I need to do anything?

No, if you hold VET on Binance there is nothing you need to do.

Q: Does this mean Binance will delist VET?

No, this has nothing to do with a delisting, we have a good relationship with Binance and VET and VTHO will continue to be traded on Binance.

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