How to Deposit ENA to Binance? Address and Network Verification
Depositing ENA to Binance requires using the Ethereum Mainnet (ERC20), as ENA is an ERC-20 token deployed on Ethereum. Binance currently only supports ENA deposits via this network, and selecting the wrong network will result in permanent loss of funds.
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Confirm the Network Your ENA Tokens Are On
Do this: Before initiating a deposit, confirm the network that the ENA tokens in your wallet or withdrawal platform are issued on.
How to do it:
ENA is the governance token of the Ethena protocol, deployed on Ethereum Mainnet. Its official contract address is 0x57e114B691Db790C35207b2e685D4A43181e6061.
Open your wallet or withdrawal page to confirm the network:
Scenario A: Your ENA is on Ethereum Mainnet. This is the only official network for ENA. You must select Ethereum (ERC20) on Binance's deposit page.
Scenario B: Your ENA is on other networks. ENA is only issued on Ethereum Mainnet for now. If you see a token named "ENA" on BSC or other chains, it is not the official Ethena token, and Binance will not accept deposits of it.
Completion check: You can clearly confirm "My ENA is on Ethereum Mainnet", and verify that the contract address of ENA in your wallet matches the official address 0x57e114B691Db790C35207b2e685D4A43181e6061.
Prerequisite: Your Binance account has completed KYC verification. If you have not registered yet, you can use the referral code: Binance referral code FYLK9104.
Common failure causes: Assuming ENA supports BSC network like some other tokens. ENA is an ERC-20 token and is only issued on Ethereum Mainnet currently.
Get Your ENA Deposit Address on Binance
Do this: Log in to Binance, navigate to the ENA deposit page, select the Ethereum (ERC20) network, and retrieve your dedicated deposit address.
How to do it:
Log in to the Binance App or web version, go to [Wallets] - [Deposit].
Search for "ENA" and select Ethena (ENA).
Select network: Choose Ethereum (ERC20). This is the only supported deposit channel for ENA.
The page will display your deposit address, copy it.
Binance launched ENA spot trading and opened its deposit channel as early as April 2024. ENA is a token with a "seed tag" label, but this does not affect the deposit functionality at all.
Note: ENA deposits do not require a Memo, only the deposit address is needed.
Completion check: You have obtained your Binance ENA ERC20 deposit address, and confirmed that the selected network option is Ethereum (ERC20).
Prerequisite: Your Binance account has completed KYC verification.
Common failure causes: Selecting an incorrect network on the deposit page. ENA only supports ERC20, there are no BSC or other network options available.
Initiate the Transfer From Your Sending Platform
Do this: Paste the Binance deposit address in the wallet or exchange that holds your ENA, and initiate the transfer. You must select the Ethereum (ERC20) network on the sending platform.
How to do it:
Withdraw from an on-chain wallet:
Open your wallet, make sure the current network is Ethereum Mainnet.
Paste the Binance deposit address.
Confirm the Gas fee and submit the transfer. ENA is an ERC-20 token, the transfer will consume ETH as Gas fee.
Withdraw from another exchange:
Log in to your withdrawal platform, select ENA as the asset to withdraw.
Paste the Binance deposit address.
You must select Ethereum (ERC20) as the transfer network.
Submit the withdrawal request.
Completion check: The transfer has been submitted, and you have obtained the TxID of this transaction.
Prerequisite: The sending address has sufficient ENA balance, and enough ETH to cover Gas fees.
Common failure causes: Selecting the wrong network on the sending platform. ENA only has one ERC20 network option, selecting the wrong network may lead to permanently unrecoverable funds.
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Confirm Deposit Arrival via Etherscan
Do this: After getting the TxID, check on Etherscan to confirm the transaction status is "Success", then return to Binance to check the deposit credit.
How to do it:
Open Etherscan (etherscan.io).
Paste your TxID and check the following details:
Status: Must show Success
Token: Confirm that the transferred asset is ENA, and the contract address matches
0x57e114B691Db790C35207b2e685D4A43181e6061
After confirming the transaction is successful on-chain, go back to Binance [Wallets] - [Deposit History] to check the deposit status. The Ethereum network requires 12-20 block confirmations, and funds usually arrive in your account in 10-30 minutes.
Completion check: Your ENA balance is updated and shows as received in your Binance account.
Prerequisite: You have submitted the transfer and obtained the TxID.
Common failure causes: Trying to check ENA transactions on BSCScan. ENA is an ERC-20 token on Ethereum, so transactions can only be verified on Etherscan.
Next steps:
When depositing ENA, first confirm that the ENA in your wallet uses the official contract address (0x57e114B691Db790C35207b2e685D4A43181e6061). Then select Ethereum (ERC20) on Binance's deposit page to get your dedicated address, and also select the Ethereum network on the sending platform. ENA only exists on Ethereum Mainnet, there is no BSC deposit channel. For your first deposit, it is recommended to send a small test amount first, confirm it arrives successfully, then transfer the remaining ENA.
