Binance NFT Launches Password-Free Purchase Limit and Pay PIN Features

Fellow Binancians,

Binance NFT Marketplace is introducingneweasy-to-use Payment Features, Password-Free Purchase Limit (Per Transaction) and Pay PIN, to provide users with a more convenient payment experience and increase transaction security.

To improve user experience, the Password-Free Purchase Limit (Per Transaction) feature is launched to replace the Daily Remaining Purchase Limit. The default Password-Free Purchase Limit (Per Transaction) is 500 BUSD, while the highest limit is 100,000 BUSD. Users can visit User Center > Settings > Account Limit to adjust the amount. Please note that all units listed under [Account Limit] will be reflected in BUSD instead of USD.

Pay PIN allows users to complete their purchases efficiently and securely, as users will be required to enter their Pay PIN when the price of the NFT or Mystery Box they are buying exceeds the Password-Free Purchase Limit (Per Transaction).

In scenarios where Binance risk management policies are triggered, users may be asked to enter the Pay PIN or to complete 2FA (Two-Factor Authentication) when paying for NFTs and Mystery Boxes. Learn how to set up your “Password-Free Purchase Limit (Per Transaction)” and Pay PIN here.

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Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.

Thanks for your support!

Binance Team
2022-04-28

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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

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