Binance, the world’s largest global cryptocurrency exchange has launched a great internal transaction feature exclusively for its users.
Basically, for transfers between Binance account holders within the Binance deposit addresses, where there will not be any transfer fee charged nor any block confirmation needed to approve the transaction.
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The already leading exchange in trade volumes looks forward to the increment of activities while promoting mass adoption of digital assets. It is notable that the internal transfer function can be enabled and disabled via API.
The news was shared by Changpeng Zhao, better known as CZ on his official twitter account saying “Free, instant transfers between Binance accounts.” The tweet has got more than 690 likes and 150 retweets at the time of writing.
For further details on how to use this feature, please refer to How to Make Internal Transfer within Binance.