Binance rejecting deposits from Zcash Shielded Addresses

I’m sorry to hear about the issue with your deposit. Binance has indicated to us that they do not want to accept funds from shielded addresses as part of their compliance measures. They have the ability to reject these deposits and return the funds to the sender; however, this is the first time I’ve heard of such a rejection occurring.

This is why we are developing TEX Addresses, which ensures that transactions to Binance derive from a transparent source. Once Binance implements support for TEX addresses, these problems should be avoided in the future.

I agree it is unreasonable that Binance provides no warning on their deposit page to discourage users from sending funds from a shielded address. I will contact Binance and ask them to include a warning on their deposit page.

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