Binance has successfully completed the integration of Ethereum (ETH) with the zkSync Era network. Users can now deposit and withdraw ETH using the zkSync Era protocol.
To get started, navigate to the Ethereum (ETH) deposit page on Binance and select the zkSync Era network to generate your dedicated deposit address. The official smart contract address for ETH on the zkSync Era network is available for verification through the provided official channels.
Key Considerations for Users
It is important to note that due to zkSync Era’s Finality mechanism, deposits may take up to 24 hours to be credited to your Binance account. This is a normal part of the network’s security and confirmation process.
Additionally, please be aware that in case of any discrepancies between translated versions of this announcement and the original English text, the English version shall prevail.
Understanding zkSync Era and Ethereum Integration
zkSync Era is a layer-2 scaling solution for Ethereum, designed to enhance transaction throughput and reduce gas fees while maintaining the security guarantees of the Ethereum mainnet. Its integration with major exchanges like Binance improves accessibility and liquidity for users operating within this ecosystem.
The move allows users to transfer ETH with greater efficiency and lower costs, benefiting from zkSync’s advanced zero-knowledge proof technology. This is especially valuable during periods of high network congestion on Ethereum.
How to Deposit and Withdraw ETH via zkSync Era on Binance
Follow these steps to use the zkSync Era network for ETH transactions:
- Log in to your Binance account.
- Go to the Wallet overview and select “Deposit” or “Withdraw”.
- Choose Ethereum (ETH) as the currency.
- Select “zkSync Era” as the transfer network.
- For deposits: use the generated address to send funds from your zkSync Era-compatible wallet.
- For withdrawals: enter the receiving zkSync Era wallet address.
Always ensure you are using the correct network to avoid loss of funds. Sending tokens via an unsupported network may result in permanent loss.
👉 Explore efficient ETH transfer methods
Frequently Asked Questions
What is zkSync Era?
zkSync Era is a Layer-2 rollup chain for Ethereum that uses zero-knowledge proofs to validate transactions off-chain. It offers faster and cheaper transactions while leveraging Ethereum’s security.
Why does a zkSync Era deposit take up to 24 hours?
The delay is due to zkSync Era’s Finality mechanism, which requires a certain period to ensure all transactions are irreversible and secure before they are credited on Binance.
What happens if I send ETH via a different network to my Binance zkSync Era address?
Sending assets using an incorrect network may lead to permanent loss. Always confirm that you have selected the zkSync Era network on both ends of the transaction.
Is there a minimum deposit amount for ETH on zkSync Era?
Yes, there is usually a minimum deposit requirement. Check the Binance deposit page for the most up-to-date information on minimum amounts and fees.
Can I use any Ethereum wallet with zkSync Era?
Not all wallets support the zkSync Era network. Ensure your wallet is compatible with zkSync Era before initiating a transfer.
Where can I find the official zkSync Era contract address for ETH?
The official contract address can be found on the Binance deposit page for ETH under the zkSync Era network option. Always verify contract addresses through official sources.
Binance places high importance on compliance and strictly adheres to the regulatory requirements of various jurisdictions. Users are expected to comply with their local laws and regulations regarding the use of cryptocurrency platforms.
All investments involve risk. The value of your investment may fluctuate, and you may lose the amount invested. You are solely responsible for your investment decisions. Past performance is not a guarantee of future results. Consider your financial situation and risk tolerance carefully, and seek independent financial advice if necessary.