The Binance exchange is always looking for new initiatives, and today is pleased to announce the launch of Binance Access, a B2B solution that helps businesses, stores, and wallets to support fiat-crypto trading right on their platform.
How does Binance Access work?
Binance Access is a standard API that works on Binance.com and is provided to customers and partner businesses participating in the Binance Open Platform initiative. Binance users can easily link their accounts to the enterprise platform, and Binance Access will automatically allow unregistered Binance users to create an account after logging into the business website. Users can buy cryptocurrencies directly from the business website interface, using their fiat balance.
The purchased cryptocurrency will be transferred directly to the user's Binance account to ensure the highest security, and the user can then continue to buy more crypto from the enterprise's platform. If users have completed KYC verification on the enterprise platform, they will not need to perform verification again with Binance, making this a truly "all-in-one" experience for those who are interested in cryptocurrency.
Who is Binance Access for?
Binance Access is designed for businesses operating in the cryptocurrency sector and is looking to expand their services, including stores that accept payments in cryptocurrencies and crypto-wallets.
Businesses wishing to integrate Binance Access must have the capacity to process fiat money transactions and must comply with the laws in the countries where they provide the service.
A Binance Access partner can enable users to purchase cryptocurrencies directly on their platform, supporting cryptocurrency trading without necessarily being an exchange. It creates new opportunities for businesses to thrive in the ever-expanding cryptocurrency ecosystem.
Binance has previously implemented similar initiatives, called Binance Cloud and Binance Widget. The Binance Cloud helps businesses deploy their digital asset trading platform quickly and efficiently, while the Binance Website is for websites, platforms, and browsers that direct their users to Binance to Complete the transaction with the cryptocurrency.
Why choose Binance Access?
The process of integrating Binance Access is extremely simple. All you need to do is install the standard API that integrates the "buy cryptocurrency" function into the platform's interface.
By offering a smooth user experience, Binance Access helps increase transaction volume and improve liquidity for the partner's platform. If you are a business, store, or wallet service capable of handling fiat transactions and want to expand into crypto, then Binance Access is the perfect choice for you!
Advcash - Binance Access application in practice
Advcash e-wallet platform is the first name to integrate Binance Access, bringing cryptocurrencies closer to its users. Advcash has previously integrated many of the features associated with cryptocurrencies. With Binance Access, Advcash users will now be able to purchase BTC, BNB, ETH, XRP, and many other coins with their available legal balances on the platform itself. Functions such as selling, depositing, and withdrawing will soon be supported soon.
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