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Binance portfolio address: how to find and use your addresses on Binance
Binance portfolio address: key to send and receive cryptocurrencies
To receive or transfer cryptocurrencies to Binance Binance each user must use a portfolio address specific to each network. On Binance , there is not a single portfolio address : each network (ERC20, BEP20, TRC20…) has a address . Understanding how to find your portfolio address and using it correctly is essential for the safety of your digital assets and the success of each transaction .
Table of contents
How to find your Binance portfolio address?
Here are the steps necessary to find each portfolio address on the Binance platform :
- Connect to your Binance with your email address or phone number and password .
- On the main page 'dashboard ", click on" Deposit ", then select Place cryptos.
- Look for the cryptocurrency in the list (for example Bitcoin ).
- blockchain network that will manage your transaction (for example, BEP20, ERC20, TRC20… according to the crypto and the sending platform).
- Your portfolio address is displayed in the form of text and QR code: copy it (copy button) or scan it with your phone's camera to use it.
Note that each network has a different address: a bitcoin address on the Bitcoin network is not the same as a bitcoin address on the BEP20 network. Always check the network before using a portfolio address to avoid loss of your cryptocurrencies .
How to find your portfolio address on the Binance mobile application?
- Open the Binance app installed on your phone.
- Connect with your email address or phone number and password .
- From the main dashboard or the portfolio tab, press "Add funds"
- Select Deposit , then choose the desired crypto
- Choose the network adapted to your transaction .
- Your portfolio address is displayed: copy it or scan the QR code.
The procedure is the same for all cryptocurrencies on Binance : Each type of cryptocurrency requires a portfolio address and each transaction requires a correct address.
What is a Binance portfolio address? Operation and uses
A Binance portfolio address is a series of letters and figures generated for each crypto and each network. This address is unique for each user and each portfolio . you to send and receive cryptocurrencies in a secure manner during the execution of a transaction .
- Each portfolio address is associated with a single blockchain (ex: a bitcoin address on the Bitcoin network, a bitcoin address on BEP20, etc.).
- Portfolio addresses are necessary to find and receive digital assets on your spot portfolio or to transfer funds to another Wallet .
- The confidentiality of your address is important: only share it with other users or to receive funds.
Why each network has a different portfolio address?
On Binance blockchain network (Bitcoin, Ethereum , BNB Smart Chain, Tron, etc.) has a portfolio address . This is explained by the fact that each network works independently and has its own rules for managing transactions and addresses .
- If you send Solana Ethereum network address (ERC20), the transaction will fail or the funds will be lost. You must make sure that your shipping network and your reception address are well on the same network.
For example, if you send Solana (floor) from your Wallet Phantom to a Solana generated on Binance ( Solana ), the transaction will work perfectly: the soil will arrive on your Binance in a few seconds, with very low costs (about 0.0001 soil, less than a cent) . This type of transfer illustrates the importance of always using the same network for sending and receiving a digital asset. - If you want a more detailed example, we invite you to download our free guide to learn to decentralize your funds.
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✔ Master a decentralized portfolio ( DEFI ) - Learn to manage your assets without intermediary and to interact directly with the blockchain.
✔ Perform transactions via a decentralized wallet - a practical guide to exchange cryptos independently.
✔ Explore decentralized finance ( DEFI ) - Discover advanced concepts such as staking and NFT.
📥 Download the guide freely by filling out the form below:
- Always check the blockchain that will manage your transaction before using a portfolio address .
- Note that each network has a different address, even for the same cryptocurrency .
How to use a Binance portfolio address?
To send and receive cryptocurrencies via Binance , each transaction requires a correct portfolio address:
- To receive cryptocurrencies : provide the sender with your portfolio address (corresponding to the crypto and the chosen network).
- To send cryptocurrencies : enter the portfolio address and check the network.
- For each transaction , check the amount of the transaction , the network, and copy the address via the planned button (to avoid entry errors).
- Transaction costs may vary depending on the network chosen.
Advice to secure your Binance portfolio address
The security of your address and your portfolio on Binance plays a crucial role in protecting your digital assets :
- Activate two factors authentication to add an additional safety layer to your Binance .
- Use a complex password (capital letters and tiny letters, figures, symbols).
- Never share your portfolio address on public forums or with other unknown users
- Do not store all of your balance on Binance : to strengthen the safety of your digital assets, transfer your funds to a decentralized Wallet.
- Use the management of portfolio addresses (Whitelist) to limit withdrawal to addresses you have validated.
- Check all the information before each transaction (network, address , amount).
How to create a portfolio address in Binance ?
The creation of an account on Binance automatically generates portfolio addresses for each supported network For each new blockchain added to your wallet , Binance creates a portfolio address .
- To create a portfolio address, simply create an account on Binance and follow the Know Your Customer (identity verification on Binance ).
- Fill in the registration form with your email address or phone number, then create a strong password
- After validation, go to your spot portfolio to discover your wallet addresses for each crypto .
Decentralize your funds: why and how to transfer your cryptos outside Binance ?
Binance is a centralized exchange platform: your digital assets are exposed to certain risks (hacking, blocking, regulations). To protect your digital assets,
Using a cold wallet like Ledger or Trezor allows you to keep your private keys offline, out of hacking and risks linked to exchange platforms .
These devices offer safety much higher than the hot walletS: your recovery sentence and your funds remain under your exclusive control, even if your computer or smartphone is compromised. Ledger is distinguished by its compatibility with more than 15,000 cryptocurrencies, its advanced features such as staking and mobile management via Bluetooth, while Trezor favors transparency with open source software and overall lower prices.
The two brands offer several models adapted to all investor profiles. We invite you to consult our dedicated guide to find out Ledger model to choose and to compare in detail the differences between Ledger and Trezor .
FAQ: Binance portfolio address
How to find your Binance portfolio address?
Connect to your account, go to portfolio > fiat and spot , choose the crypto , click deposit and select the network. Your portfolio address will be displayed.
Can we use the same address for all cryptocurrencies on Binance ?
No, each network has a portfolio address . Always check the address and the network before each transaction.
How to strengthen the security of your Binance portfolio address?
Activate two -factor authentication , use a complex password , only share your portfolio address with trusted people and transfer your funds to a wallet to strengthen the safety of your digital assets.
How to create a portfolio address in Binance ?
The creation of a Binance automatically generates portfolio addresses for each supported network Just follow the registration and identity verification procedure on Binance .
Conclusion: Master the Binance portfolio address to secure your transactions
Knowing how Binance portfolio address and using it is essential to send and receive cryptocurrencies safely. Each portfolio address is unique, linked to a specific network. By respecting good safety practices, activating two -fact factors and decentralizing your funds, you protect your digital assets and limit the risk of loss.
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Noah
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
