Important Update For Deposit STEEM in Binance

Currently, Binance is one of the best crypto exchanger in the world. There are almost 30 million users all over the world & day by day it increasing. The popularity of this platform is very impressive. People trust this platform because of its transparency. Almost, 60% of daily trade value happens in this exchanger.

So, that's why they're always trying hard to make sure that every single part of this platform can't be hacked. For this reason, they make some updates regularly. This update may be accurate on recent activities.

Some days ago, Binance suspended deposit STEEM for the update. Then they take some time to create new addresses for each user. That's why it takes almost 30 days. After that period Binance now again enables the Withdrawal and deposit STEEM.

In this update, Binance changed the Wallet Address & the MEMO Address. This means, older Wallet Addresses and MEMO Addresses won't be used for depositing & withdrawing.

So, my suggestion for the general user is, "Always use fresh address & memo ID for depositing & withdrawing. Otherwise, there is a high possibility of losing your funds. So, make sure that you use your authentic addresses for deposit & withdraw.