Update: On January 1, 2025, Binance will convert all Zcash deposit addresses on their platform to tex addresses. They began rolling out tex addresses in July, where new ZEC holders were assigned tex addresses, while existing holders continued to use t-addresses. The mix of some holders having tex addresses and others having t-addresses has caused some confusion for Zcash users.
Here’s what you need to know to interact with Binance:
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The following wallets and exchanges have implemented tex support:
- Wallets: YWallet, Zashi, Zingo, Edge Wallet, and eZcash
- Exchanges: Coinbase and Gemini
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If you are depositing ZEC into Binance and you have a tex-address on Binance:
- You must deposit ZEC from a wallet or exchange that has implemented tex support. If your wallet or exchange does not support tex, the transaction cannot be performed because the tex address will not be recognized as a valid recipient.
- For example, if you hold ZEC in Trust Wallet, you’d need to first transfer the ZEC from your Trust Wallet to a wallet or exchange that has integrated tex support, like YWallet or Coinbase, before sending it to Binance.
- Please note that some wallets or exchanges may not allow withdraws to a shielded address, in which case you will need to first transfer the ZEC to a t-address.
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If you are depositing ZEC into Binance and you still have a t-address on Binance:
- You must send ZEC from a t-address or Binance will block your deposit and refund your ZEC within 30 business days.
- tex-address support does not apply to users who still have a t-address on Binance.
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If you are withdrawing ZEC from Binance to another wallet or exchange, there should be no impact, and your transactions will continue as usual.
Please use this thread if you encounter any issues or have questions while making transactions. I will continue to provide updates as we approach the rollout date.
Thanks.