Binance: API only for verified accounts from August 23, 2021After reducing daily limit from 2 BTC to 0.06 BTC, it would be logical to limit API trading, which was done in Binance Casino. Who do not know, the leverage x20 on Binance and FTX was reduced, but alas, not because of love and care for users, but because of lack of liquidity (Binance and FTX casino just faked their trading volumes and got on their own tail, they stole $200 mln from investors in one episode only, on May 19, 2021).
From August 23, 2021 API access will be available only for verified accounts, this statement was released on the official website of the Binance casino:
To ensure a safe and fair trading environment for all users and remain compliant with the latest industry requirements, Binance is updating its API services to limit new API key creation by accounts that have only completed basic account verification. This update is effective starting 2021-08-09 03:00 (UTC).
For accounts that have not completed intermediate verification, any existing API keys will be deactivated after 2021-08-23 00:00 AM (UTC). Please note, this does not affect users who do not use Binance API services, and users can still access Binance services on the Web and App. Please complete identity verification for full access to Binance API services.
Binance continually reviews its products and services to ensure that we are prioritizing user protection and creating a sustainable crypto ecosystem for everyone. Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
We highly doubt that the innovation will provide safe and fair trading, this kind of trading has never happened in Binance casino, it's a different economic model. We see in all innovations, including this one, an attempt of Binance to go into the background, thereby promoting to the forefront the FTX casino - which, created by the same crooks and con artists who are part of the common cartel Binance-FTX-Tether (the number of participants is much higher).
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