A Complete Guide to Managing Wallet Addresses Safely

In cryptocurrency trading, properly configuring and managing wallet addresses is the first step to secure withdrawals. This guide will help you quickly master the skills of adding, verifying, and maintaining wallet addresses. These principles apply regardless of which trading platform you use.

Quick Start: Three Steps to Configure Wallet Addresses

Step 1: Preparation

Before adding a wallet address, ensure you have completed the following security settings:

• Enable two-factor authentication (2FA), preferably using Google Authenticator
• Link your email and phone number
• Understand the target wallet information for your withdrawal

Step 2: Access the Address Management Page

Log in to the trading platform, then go to the Asset or Wallet Management section, and find “Withdrawal Address Management” or “Address Book.” You can also directly navigate there when initiating a withdrawal by selecting “Add New Address.”

Step 3: Complete Security Verification

Whether adding or editing a wallet address, the system will require you to complete security verification (email confirmation or 2FA verification). Only after verification is the address officially saved to your address book.

Detailed Explanation: Five Key Pieces of Wallet Address Information

When adding a wallet address, the following information must be filled out accurately:

1. Select the Cryptocurrency Asset

First, determine which cryptocurrency you are withdrawing (BTC, ETH, XRP, etc.). Some platforms support “Universal Address” functionality, meaning the same address can support multiple tokens on different blockchains, provided the wallet supports those networks.

2. Enter the Wallet Address

This is the most critical step—be sure to copy and paste your wallet address accurately. Pay attention to case sensitivity (if applicable), as even a single character mistake can lead to loss of funds. Recommendations:

• Use copy and paste rather than manual input
• Verify the address character-by-character after input
• Obtain the address from official wallet applications to avoid third-party sources

3. Confirm the Blockchain Network

This is often overlooked but equally important. The same token can exist on multiple blockchains (e.g., USDT on Ethereum, Tron, Polygon). Choosing the wrong network will send funds to an incorrect address. Before withdrawing, confirm the address’s network with the official documentation or support of the target wallet.

4. Fill in Tag/Memo (for specific tokens)

Some tokens (XRP, ADA, XYM, XLM, XEM, etc.) require a tag or memo when withdrawing. This distinguishes different accounts under the same public address. This step must not be skipped—if you forget to include the tag, your funds will be sent to the correct blockchain address but into the wrong account, resulting in permanent loss.

5. Add Personal Remarks

Add a note (up to 20 characters), such as “My Hardware Wallet” or “Exchange Deposit/Withdrawal,” for easy identification and future reference.

Verification and Whitelists: Protecting Wallet Address Security

Immediate Verification vs. Delayed Verification

Most platforms offer two verification modes:

• Default Mode: Every withdrawal requires re-verification (email + 2FA)
• Whitelist Mode: Once verified, the address is added to a whitelist, and subsequent withdrawals do not require re-verification

Using the whitelist mode improves efficiency but assumes your account is secure. If suspicious activity is detected, the system will still trigger forced verification.

Editing Saved Wallet Addresses

Even after adding an address, you can modify its verification status at any time. Click “Edit,” check or uncheck “No verification needed for this address,” and complete the new security verification to update the status.

Address Book Maintenance: Deletion and Settings Adjustment

Delete Unused Addresses

If a wallet address is no longer in use, you can delete it by clicking the delete button next to it. Once deleted, it cannot be recovered—use caution.

Adjust Global Withdrawal Settings

In security settings, you can enable “Withdrawal only from address book,” meaning newly added addresses require a 24-hour waiting period before they can be used for withdrawals. This is an extra security measure suitable for users with high security requirements.

Disabling this feature will also trigger a 24-hour delay as a transition, giving you time to revoke incorrect address additions.

Advanced Feature: Batch Management of Wallet Addresses

If you need to add multiple addresses simultaneously (e.g., for different hardware wallets or exchange deposits/withdrawals), platforms often provide a “Batch Add” feature:

• Add up to 10 addresses at once
• Support mixing on-chain addresses and internal transfer accounts
• Each address can be independently set as “Universal Address” or “No Verification Needed”
• During addition, you can delete unwanted addresses at any time (click the trash icon in the operation column)

After completing batch addition, a single security verification is required for all addresses to take effect.

Best Practices and Security Tips

1. Regularly Audit Your Address Book — Check saved addresses monthly, delete unused ones to reduce risk exposure.

2. Use Meaningful Remarks — Label each address with its purpose and owner to avoid mistakes during urgent withdrawals.

3. Be Extra Cautious with New Addresses — Even if added to the whitelist, it’s recommended to perform a small test withdrawal first. Confirm the funds arrive successfully before making large withdrawals.

4. Safeguard Verification Info — Your email and 2FA devices are the security lifelines for address management. Keep these verification methods secure and functional.

5. Understand the Receiving Requirements of the Target Wallet — Different wallets (hardware wallets, exchange accounts, self-custody wallets) may have different receiving rules. Confirm before withdrawing.

Proper management of wallet addresses is fundamental to secure withdrawals. Taking the time to understand these steps will greatly reduce your funds’ risk.