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What is the Binance API connection urgent update?

Do you know what the Binance API connection is?

This short article only takes a minute to read, and we will get straight to the point. Besides Binance has released updates regarding the identity verification procedure on their platform. We show you How to Complete Identity Verification on the Binance API connection. Stay with Tycoon Insights to the end of this post.

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 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 connection to guarantee an instantaneous copy trading experience without any delays and latency. However, to ensure this for the future, all platform users must verify their Binance accounts. Why?

Follow the best traders on Tycoon App.

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.

Our mission and duty are to ensure that all of our Binance API connection is working in the fastest and most reliable way possible. Also, this way, we can provide the best performing copy trading experience possible.

If you haven’t yet completed your Identity Verification (KYC) on Binance, it’s crucial 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.

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Risk note about Binance API connection:

Trading Cryptocurrencies is subject to high risks and may result in capital loss. 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 have permission to use Tycoon Trading Platform s’ services under the laws of your country of residence. Investments in Cryptocurrencies have no protection by any Financial Services Compensation Scheme.