Financial news

The nature of cryptocurrencies can often leave people confused – using different platforms to store different cryptos can be very time-consuming and leave consumers frustrated. To combat this, BingX, a cryptocurrency exchange, has launched its Multiple Deposit Addresses feature.

Multiple Deposit Addresses enables BingX users to obtain up to 100 deposit addresses for a single network. As a result, they can enjoy greater flexibility and convenience when managing their deposits on the trading platform. The feature allows personalised notes to be added to each new deposit address. This in turn helps customers differentiate and track their transactions all in one place.

“BingX remains at the forefront of innovation in the cryptocurrency industry. We are consistently expanding our offerings to provide a seamless and secure trading environment for our global user base. The Multiple Deposit Addresses and Address Book feature reaffirms BingX’s commitment to empowering users with the tools they need to manage their digital assets effectively”, said Elvisco Carrington, PR and communications director of BingX.

During the deposit process, users can conveniently select addresses from a dropdown menu or choose from their address book, streamlining the deposit experience. All of this aims to improve user security and privacy, while giving customers greater access to a larger pool of features.

Moreover, BingX opens token queries, displaying all addresses associated with the selected blockchain, offering comprehensive visibility of users’ assets. To further enhance accessibility, users can export their address book and generate a local document. BingX now supports two blockchain projects, Linea and zkSync Era(V2). In the long run, additional blockchains such as StarkNet and LayerZero will be supported soon.

The introduction of Multiple Deposit Addresses and Address Book reflects BingX’s dedication to meeting users’ needs and streamlining their interactions with cryptocurrencies. This feature is another step forward in BingX’s ongoing efforts to make crypto trading more user-friendly.