How to Deposit LINK to Binance? Address and Network Verification
Depositing LINK to Binance does not mainly depend on whether the receiving address is correct, but which blockchain network you select. LINK is originally an ERC-20 token on Ethereum, but Binance supports LINK deposits on multiple networks including Ethereum (ERC20) and BNB Smart Chain (BEP20), as well as Polygon, Arbitrum and other networks. Your deposit address on Binance will look identical across different networks, but if you select an unsupported or mismatched network, your funds may not be credited automatically. Always double check the selected network on Binance's deposit page before initiating any transfer.
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Confirm Which Network Your LINK Is On
What to do: Before making a deposit, confirm the network that your LINK stored in your wallet or withdrawal platform is issued on. LINK is deployed on multiple blockchains, and the contract address for LINK is different on each network.
How to do it:
Open your wallet or withdrawal page to check the network information:
Scenario A: Your LINK is on the Ethereum mainnet. The contract address is 0x514910771AF9Ca656af840dff83E8264EcF986CA. Select Ethereum (ERC20) on Binance's deposit page.
Scenario B: Your LINK is on BNB Smart Chain (BSC). The contract address is 0x404460C6A5EdE2D891e8297795264fDe62ADBB75. Select BNB Smart Chain (BEP20) on Binance's deposit page.
Scenario C: Your LINK is on Polygon, Arbitrum or other supported networks. The LINK contract address on Polygon mainnet is 0xb0897686c545045aFc77CF20eC7A532E3120E0F1, and on Arbitrum mainnet it is 0xf97f4df75117a78c1A5a0DBb814Af92458539FB4. Binance also supports LINK deposits on these networks.
Completion check: You can clearly confirm which network your LINK is on, whether it is Ethereum mainnet, BSC, or another supported chain.
Prerequisite: Your Binance account has completed KYC verification.
Common failure causes: LINK is deployed on multiple independent networks, and LINK assets on different chains are not interchangeable. Mismatched network selection will lead to funds not being credited automatically.
Get Your Binance LINK Deposit Address
What to do: Log in to Binance, navigate to the LINK deposit page, select the corresponding network based on your previous confirmation, and get the dedicated deposit address.
How to do it:
Log in to Binance App or web version, go to [Wallets] - [Deposit].
Search for "LINK".
Select network: Choose the matching network (ERC20 / BEP20 / Polygon, etc.) as confirmed in the first step.
The page will display your unique deposit address, copy it.
Note: LINK deposits do not require a Memo, only the deposit address is needed.
Completion check: You have obtained the correct LINK deposit address for your selected network on Binance, and confirmed the network option matches the network your LINK is stored on.
Prerequisite: Your Binance account has completed KYC verification.
Common failure causes: Binance's deposit page may default to a certain network, which may not match the network your LINK is on. Incorrect network selection is the most common reason for LINK deposit failures.
Initiate Transfer From Your Sending Platform
What to do: Paste the Binance deposit address in the wallet or exchange that holds your LINK, then initiate the transfer. The network selected on the sending platform must be exactly the same as the network you chose on Binance.
How to do it:
Withdraw from a non-custodial on-chain wallet:
Open your wallet, make sure the currently connected network is identical to the network you selected in the second step.
Paste the Binance deposit address.
Confirm the gas fee and submit the transfer. Different networks require different native tokens to pay gas fees: Ethereum mainnet needs ETH, BSC needs BNB, Polygon needs MATIC.
Withdraw from another crypto exchange:
Log in to your withdrawal platform, select LINK as the withdrawal asset.
Paste the Binance deposit address.
The selected network must be exactly the same as the network you chose on Binance's deposit page.
Submit the withdrawal request.
Completion check: The transfer is submitted successfully, and you get the TxID (transaction ID) of this transaction.
Prerequisite: The sending wallet or exchange has sufficient LINK balance and enough native tokens of the selected network to cover gas fees.
Common failure causes: The network selected on the sending platform does not match the network selected on Binance. Double check the network name one last time before submitting.
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Verify Deposit Status via the Corresponding Blockchain Explorer
What to do: After getting the TxID, check the transaction status on the corresponding blockchain explorer to confirm it shows "Success", then return to Binance to check the credit status.
How to do it:
For Ethereum mainnet (ERC20) transfers: Open Etherscan (etherscan.io), paste your TxID, and confirm the transaction status is Success.
For BSC (BEP20) transfers: Open BSCScan (bscscan.com), paste your TxID, and confirm the transaction status is Success.
For Polygon transfers: Open Polygonscan (polygonscan.com), confirm the transaction status is Success.
After confirming the transaction is successful on-chain, go back to Binance [Wallets] - [Deposit History] to check the credit status. The confirmation time varies across different networks, and funds are usually credited within 10-30 minutes.
Completion check: Your LINK balance is updated and shows as received in your Binance account.
Prerequisite: You have submitted the transfer and obtained the corresponding TxID.
Common failure causes: Since LINK is deployed on multiple chains, you will not be able to find your transaction if you use the wrong blockchain explorer. Use Etherscan for Ethereum transactions, BSCScan for BSC transactions, etc.
Next recommended action:
Before you deposit LINK to Binance, confirm one critical detail first: which blockchain network your LINK is currently on. Then manually select the matching network on Binance's deposit page. Only after both sides' networks are fully aligned, you can get the deposit address and submit the transfer. For your first LINK deposit, it is recommended to transfer a small test amount first, confirm the funds are received successfully, then transfer the remaining amount.
