BINANCE TO SUSPEND ETH AND ERC-20 DEPOSITS AND WITHDRAWALS DURING MERGE

Last updated: June 19, 2025, 18:27 | Written by: Olaf Carlson-Wee

The highly anticipated Ethereum Merge, a monumental shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS), is fast approaching, and major cryptocurrency exchanges are preparing for the transition.Binance, the world's largest cryptocurrency exchange by trading volume, has announced that it will be suspending deposits and withdrawals for ETH and all ERC-20 tokens during specific periods around the Merge. As a new token might be created during a hard fork, Binance has taken the following steps to reduce the trading risks brought about by price volatility and to maintain the safety of user funds during the hard fork: 1. ETH Deposits Withdrawals. Binance will suspend deposits and withdrawals for ETH and ERC-20 tokens at approximately:This precautionary measure aims to ensure stability and protect user funds during this critical network upgrade. Binance to suspend ETH and ERC-20 deposits and withdrawals during Merge . news and more. Buy, Sell and Swap bitcoin, ethereum and 350 cryptocurrencies on BitSwapNow.The suspension will occur in two phases, coinciding with the Bellatrix consensus layer upgrade and the Paris execution layer upgrade. Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain s transition to its proof-of-stake (PoS) Beacon chain in September. The world s largest exchange by transaction volume announced the move in a bid to provide stability during The Merge which is touted to takeThese upgrades are crucial steps in transitioning Ethereum to its new, energy-efficient PoS consensus mechanism. The cryptocurrency exchange will look to provide stability during Ethereum s Merge with the Beacon Chain by instituting a number of temporary measures. Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain's transition to its proof-of-stake (PoS) Beacon chain in September. The world s largest exchange by transactionUnderstanding the timing and implications of this suspension is crucial for anyone holding or trading Ethereum and ERC-20 tokens on Binance. Binance exchange, the world s largest cryptocurrency trading platform has announced it will be suspending Ethereum (ETH) withdrawals in the much anticipation transition of the Ethereum protocolThis article provides a comprehensive overview of Binance's decision, the timeline for the suspension, potential scenarios during the Merge, and what you need to know to navigate this significant event in the crypto world.We'll delve into the reasons behind the suspension, explore the potential risks, and provide practical advice on how to prepare for the Ethereum Merge on Binance. Based on the information shared by Binance, the company will halt its withdrawals and deposits in the same order as the Ethereum Merge will happen. The first suspension will happen on September 6th, during the Bellatrix consensus layer upgrade.Get ready to understand how this pivotal change will affect your cryptocurrency holdings and trading activities.

Understanding the Ethereum Merge and Its Significance

The Ethereum Merge represents a fundamental change in how the Ethereum network operates.Currently, Ethereum uses a Proof-of-Work (PoW) consensus mechanism, similar to Bitcoin. The cryptocurrency exchange will look to provide stability during Ethereum s Merge with the Beacon Chain by instituting a number of temporary measures. Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain s transition to its proof-of-stake (PoS) Beacon chain in September. The world s largest exchange by transactionThis requires miners to solve complex mathematical problems to validate transactions and add new blocks to the blockchain, consuming significant amounts of energy.The Merge will transition Ethereum to a Proof-of-Stake (PoS) consensus mechanism. Cryptocurrency change Binance will droop deposits and withdrawals of Ether (ETH) and ERC-20 tokens in the course of the blockchain's transition to its Menu Search forIn PoS, validators ""stake"" their ETH to participate in the block validation process, reducing energy consumption by over 99%.

This upgrade is a significant step towards a more sustainable and scalable Ethereum ecosystem.By switching to PoS, Ethereum aims to:

Reduce energy consumption dramatically, making it more environmentally friendly.
Increase network security and efficiency.
Lay the groundwork for future scaling solutions like sharding.

The Merge is not just a technical upgrade; it's a pivotal moment for the entire cryptocurrency industry, potentially influencing the future of blockchain technology and its environmental impact.

Why Binance is Suspending ETH and ERC-20 Deposits and Withdrawals

Binance's decision to suspend deposits and withdrawals of ETH and ERC-20 tokens during the Merge is primarily driven by the need to ensure network stability and protect user funds. Binance, the world s largest cryptocurrency exchange by trading volume, said it will suspend deposits and withdrawals for ETH and ERC-20 during The Merge, in support of Ethereum s migration to the proof-of-stake (PoS) model.The Merge is a complex and delicate process, and there are potential risks associated with it, including:

Network Instability: During the transition, the network could experience temporary instability, leading to transaction delays or failures.
Potential Hard Forks: Although unlikely, there is a possibility of a hard fork, where the Ethereum network splits into two separate chains, one running on PoW and the other on PoS.This could create confusion and uncertainty in the market.
Replay Attacks: In the event of a hard fork, there is a risk of replay attacks, where transactions from one chain are replayed on the other, potentially leading to loss of funds.

By suspending deposits and withdrawals, Binance aims to:

Prevent users from depositing or withdrawing funds during periods of potential network instability.
Mitigate the risk of transactions failing or being delayed.
Protect users from potential replay attacks in the event of a hard fork.
Ensure a smooth and secure transition for its users.

This precautionary measure is a common practice among major cryptocurrency exchanges during significant network upgrades.

The Timeline: When Will the Suspensions Take Place?

Binance has announced that the suspension of ETH and ERC-20 token deposits and withdrawals will occur in two phases, coinciding with two key upgrades leading up to the Merge:

Bellatrix Consensus Layer Upgrade (September 6th)

The first suspension will take place during the Bellatrix consensus layer upgrade, scheduled for September 6th, 2025, at approximately 11:00 AM (UTC). Binance will suspend deposits as well as withdrawals for ETH and ERC-20 tokens on Sept. 6 during the Bellatrix consensus layer upgrade andon Sept. 15, the date for which the Paris execution layer upgrade is scheduled. The exchange has taken into account two different scenarios:This upgrade is a crucial step in preparing the Beacon Chain, Ethereum's PoS chain, for the Merge.

Paris Execution Layer Upgrade (September 15th)

The second suspension will occur during the Paris execution layer upgrade, which is the actual Merge event. Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain s transition to its proof-of-stake (PoS) Beacon chain in September. The world s largest exchange by transaction volume announced the move in a bid to provide stability during The Merge, which is touted to take placeThis is tentatively scheduled for September 15th, 2025, at approximately 12:00 AM (UTC).It's important to note that the exact date and time of the Paris upgrade are subject to change based on network conditions.

It is crucial to remember these dates and times. Binance, the world s largest cryptocurrency exchange by trading volume, said it will suspend deposits and withdrawals for ETH and ERC-20 during The Merge, in support of Ethereum s migrationPlan your deposits and withdrawals accordingly to avoid any inconvenience.

What Happens to Your ETH and ERC-20 Tokens During the Suspension?

During the suspension, your ETH and ERC-20 tokens held on Binance will remain safe and secure. Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain's transition to its proof-of-stake (PoS) Beacon chain in September. The world s largest exchange by transaction volume announced the move in a bid to provide stability during The Merge, which is touted to take place inYou will still be able to:

View your balance.
Trade ETH and ERC-20 tokens on Binance's spot and futures markets (if trading is not also suspended - check Binance announcements).

However, you will not be able to:

Deposit ETH or ERC-20 tokens to your Binance account.
Withdraw ETH or ERC-20 tokens from your Binance account.

In essence, the suspension only affects deposit and withdrawal functionalities. The cryptocurrency exchange will look to provide stability during Ethereum s Merge with the exchange Binance will suspend deposits and withdrawals of EtherYour funds will remain in your account, and you can continue to trade them on Binance's platform (subject to Binance's trading policies during the merge).

Potential Scenarios During the Ethereum Merge

Binance has outlined two potential scenarios that could occur during the Ethereum Merge:

Scenario 1: The Merge is Successful

This is the most likely scenario. Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether and ERC-20 tokens during the blockchain's transition to its proof-of-stake (PoS) Beacon chain in September. The world s largest exchange by transaction volume announced the move in a bid to provide stability during The Merge, which is touted to take place in midIn this case, the Merge will proceed smoothly, and the Ethereum network will successfully transition to PoS.Binance will then resume deposits and withdrawals for ETH and ERC-20 tokens as soon as the network is stable.

In this scenario, users will not need to take any action.Their ETH and ERC-20 tokens will automatically transition to the new PoS Ethereum network.

Scenario 2: A Hard Fork Occurs

Although less likely, there is a possibility of a hard fork, resulting in two separate Ethereum chains: one running on PoW and the other on PoS.In this case, Binance will take the following steps:

Evaluate the New Chains: Binance will assess the viability and security of both chains.
Token Distribution: If Binance deems both chains to be viable, it may distribute the forked tokens to ETH holders on a 1:1 basis. Binance, the world s largest crypto exchange by transaction volume, will be suspending all Ether (ETH) and ERC-20 deposits and withdrawals for stability as the blockchain transitions from proof-of-work (PoW) to proof-of-stake (PoS) this September.However, this is not guaranteed and will depend on the specific circumstances of the fork.
Listing of New Tokens: Binance may choose to list one or both of the forked tokens on its exchange, subject to its standard listing criteria.

In the event of a hard fork, Binance will provide further updates and instructions to its users.It is crucial to stay informed and follow Binance's official announcements.

How to Prepare for the Ethereum Merge on Binance

To prepare for the Ethereum Merge on Binance, follow these steps:

Stay Informed: Keep up-to-date with the latest announcements from Binance and the Ethereum Foundation regarding the Merge. [ad_1]Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain's transition to its proof-of-stake (PoS) Beacon chain in September.The world s largest exchange by transaction volumeMonitor official channels for any changes to the timeline or potential risks.
Plan Your Deposits and Withdrawals: If you plan to deposit or withdraw ETH or ERC-20 tokens, do so before the suspension periods begin on September 6th and September 15th.
Understand the Potential Scenarios: Familiarize yourself with the potential scenarios outlined by Binance, including the possibility of a hard fork.
Secure Your Funds: Ensure that your Binance account is secured with strong passwords and two-factor authentication. The cryptocurrency exchange will look to provide stability during Ethereum's Merge with the Beacon Chain by instituting a number of Binance to suspend ETH and ERC-20 deposits and withdrawals during Merge - XBT.MarketConsider moving your funds to a hardware wallet for added security during the Merge.
Be Patient: After the Merge, allow sufficient time for Binance to resume deposits and withdrawals.Avoid making any hasty decisions or engaging in panic selling.

By taking these steps, you can minimize the risks associated with the Merge and ensure a smooth transition for your ETH and ERC-20 holdings on Binance.

What About Staking ETH on Binance?

If you are staking ETH on Binance, the Merge will have implications for your staked assets.Binance will likely provide specific instructions regarding staked ETH closer to the Merge date.It's crucial to monitor their announcements for details on:

How the Merge will affect your staked ETH rewards.
Whether there will be any changes to the staking process.
The timeline for unstaking your ETH after the Merge.

Staking ETH allows users to earn rewards for participating in the consensus mechanism. Binance mentioned that it would be suspending deposits and withdrawals of ETH and all ERC-20 tokens. This suspension will occur on two occasions, during the Bellatrix consensus layer upgrade and the Paris execution layer upgrade. Both upgrades are likely to respectively occur at 11 AM (UTC), on September 6; and at 12 AM, September 15.The transition to Proof-of-Stake will change how these rewards are generated and distributed, so it's important to understand these changes to make informed decisions about your staked assets.

The Impact on ERC-20 Tokens

The suspension of deposits and withdrawals will also affect all ERC-20 tokens listed on Binance. Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether BINANCE:ETHUSD and ERC-20 tokens during the blockchain's transition to its proof-of-stake (PoS) Beacon chain in September.The world s largest exchange by transaction volume announced the move in a bid to provide stabilitERC-20 tokens are digital assets built on the Ethereum blockchain, and their functionality relies on the Ethereum network. The short answer is that Binance users won t need to do anything The Merge will not affect the funds of holders. All funds will transfer over after The Merge, and ether will still appear as ETH in users wallets. However, Binance will temporarily pause ETH and ERC-20 token deposits and withdrawals until The Merge is complete.During the suspension, you will not be able to deposit or withdraw any ERC-20 tokens from your Binance account.

Popular ERC-20 tokens include:

Chainlink (LINK)
Uniswap (UNI)
Shiba Inu (SHIB)
Wrapped Bitcoin (WBTC)

The suspension is a temporary measure to ensure the stability of the Ethereum network and the safety of user funds during the Merge.Once the Merge is complete and the network is stable, Binance will resume deposits and withdrawals for ERC-20 tokens.

Addressing Common Concerns and Questions

Here are some common questions and concerns regarding Binance's suspension of ETH and ERC-20 deposits and withdrawals during the Merge:

Will I lose my ETH or ERC-20 tokens during the Merge?

No, you will not lose your ETH or ERC-20 tokens.The Merge is designed to be a seamless transition, and your funds will remain safe and secure in your Binance account.

Will I be able to trade ETH and ERC-20 tokens during the suspension?

Yes, you will likely be able to trade ETH and ERC-20 tokens on Binance's spot and futures markets during the suspension, but this depends on Binance's specific policies during the merge event. The exchange will suspend withdrawals for Ethereum and ERC-20 tokens during the blockchain s transition to its proof-of-stake (PoS) Beacon chain in September. The move comes in as a measure to provide stability during The Merge, which is scheduled to take place in mid-September 2025.Check official Binance announcements for details.

What happens if a hard fork occurs?

If a hard fork occurs, Binance will evaluate the new chains and may distribute the forked tokens to ETH holders.They may also choose to list one or both of the forked tokens on their exchange, subject to their standard listing criteria.

When will deposits and withdrawals resume?

Binance will resume deposits and withdrawals for ETH and ERC-20 tokens as soon as the Ethereum network is stable after the Merge. 17 Saturday August 2025. About; Advertise; Submit Press Release; Contact Us; News. Bitcoin News. Bitcoin News; Bitcoin Cash News; Bitcoin SV NewsMonitor Binance's official announcements for updates.

Do I need to do anything to prepare for the Merge?

Yes, you should stay informed, plan your deposits and withdrawals, understand the potential scenarios, secure your funds, and be patient after the Merge.

Alternative Exchanges and Wallets

While Binance is suspending deposits and withdrawals, you might consider alternative options if you need to move your ETH or ERC-20 tokens during this period. Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain's transition to its proof-of-stake (PoS) Beacon chain in September.The world s largest exchange by transaction volume announced the move in a bid to provide stability duringHere are a few alternatives:

Other Cryptocurrency Exchanges: Consider using other reputable exchanges like Coinbase, Kraken, or KuCoin, which may have different policies regarding deposits and withdrawals during the Merge.However, always check their announcements and policies before transferring your funds.
Hardware Wallets: Hardware wallets like Ledger or Trezor provide a secure way to store your ETH and ERC-20 tokens offline.You will have full control over your funds and can move them freely during the Merge, although you will need to be technically proficient to do so safely.
Software Wallets: Software wallets like MetaMask or Trust Wallet offer a convenient way to manage your ETH and ERC-20 tokens.However, they are generally less secure than hardware wallets.

Remember to do your own research and choose the option that best suits your needs and risk tolerance.

Conclusion: Navigating the Ethereum Merge on Binance

The Ethereum Merge is a landmark event in the cryptocurrency world, and Binance's decision to suspend ETH and ERC-20 deposits and withdrawals is a precautionary measure to ensure stability and protect user funds. Binance will suspend deposits and withdrawals for ETH and ERC-20 tokens on Sept. 6 during the Bellatrix consensus layer upgrade as well as on Sept. 15, when the Paris execution layer upgradeBy understanding the timeline, potential scenarios, and the steps you need to take to prepare, you can navigate this transition with confidence.Stay informed, plan ahead, and secure your funds. Binance to suspend ETH and ERC-20 deposits and withdrawals during Merge Aug XRP, Shiba Inu, and More: Here are Top 6 Altcoins Priced Below $1 to Watch for Next Bull Run The Crypto BasicThe Merge is expected to bring numerous benefits to the Ethereum ecosystem, including reduced energy consumption and increased scalability.While the temporary suspension of deposits and withdrawals may cause some inconvenience, it is a necessary step to ensure a smooth and secure transition to a more sustainable future for Ethereum. Binance will suspend deposits and withdrawals for ETH and ERC-20 tokens on Sept. 6 during the Bellatrix consensus layer upgrade as well as on Sept. 15, when the Paris execution layer upgrade is scheduled. The exchange also put forth two scenarios it deems likely to occur during the Merge.Remember to monitor Binance's official announcements for the latest updates and instructions. The cryptocurrency exchange will look to provide stability during Ethereum s Merge with the Beacon Chain by instituting a number of temporary measures. Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain s transition to its proof-of-stake (PoS) Beacon chain in September.The key takeaways are:

Binance is suspending ETH and ERC-20 deposits/withdrawals during the Bellatrix (Sept 6) and Paris (Sept 15) upgrades.
This is to ensure network stability and protect user funds during the Merge.
Your funds remain safe in your Binance account during the suspension.
Stay informed and plan your deposits and withdrawals accordingly.

By taking these steps, you can confidently navigate the Ethereum Merge on Binance and benefit from the long-term advantages of a Proof-of-Stake Ethereum network. 38 votes, 27 comments. 7.5M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis.Now is the time to prepare your holdings and ensure you're ready for this pivotal moment in crypto history. Author Topic: Binance to suspend ETH and ERC-20 deposits and withdrawals during Merge (Read 298 times)Consider exploring Binance's educational resources to learn more about the Merge and its potential impact.Happy trading!