This short article only takes a minute to read, and we will get straight to the point.
Binance has released updates regarding the identity verification procedure on their platform.
Overall having a verified Binance account is always a great idea. On the Tycoon platform, this is more important than ever. Here’s why:
- Having a verified Binance account allows you to trade and withdraw significantly higher amounts of funds.
- Verified accounts enjoy extra levels of security. The famous Binance quote “funds are safe” applies here more than ever.
- Verified Binance accounts enjoy seamless API ( Application Programmable Interface ) capabilities.
Currently, the Tycoon platform works with the Binance API in order to guarantee an instantaneous copy trading experience without any delays and latency. However, in order to guarantee this for the future, it’s extremely important that all of our platform users verify their Binance accounts. Why?
After the 23rd of August 2021 ( at 00:00 AM – UTC ), the API capabilities of the unregistered Binance accounts will be disconnected. This is very important to keep in mind.
It’s our mission ( and our duty ) to ensure that all of our API connections are working in the fastest and most reliable way possible. This way we can ensure the best performing copy trading experience possible.
If you haven’t yet completed your Identity Verification ( KYC ) on Binance, it’s extremely important to complete this step as soon as possible on your current account.
In case you wish to open a new account on Binance to save 20% on your trading fees immediately, please use this link to do so.
Risk Note: Trading cryptocurrencies is subject to high risks and may result in the loss of your capital. Please make sure you fully understand the risks associated with trading cryptocurrencies and only invest as much as you can afford to lose. Be clear about your investment objectives and experience, and seek advice from an independent financial advisor if necessary. It is your responsibility to determine whether you are permitted to use Tycoons’s services under the laws of your country of residence. Investments in cryptocurrencies are not protected by a Financial Services Compensation Scheme.