Binance News: The U.S. arm of the world’s largest crypto exchange, Binance.US, has recently announced its partnership with Web3’s noted domain name registrar Unstoppable Domains to provide branded “.BinanceUS” addresses for U.S. customers. With this, users can now choose their preferred digital identities to easily send and receive cryptocurrencies instead of using conventional alpha-numeric wallet addresses.
Binance.US Offers Branded Web3 Domains
With the new service, customers will be able to create “.BinanceUS” domains, giving them unique identities for their cryptocurrency wallets that are simple to comprehend and can be used in the Binance.US app to buy, sell, and transfer digital assets.
Read More: First Republic Bank Crisis Deepens As US Govt. Refuses Intervention
According to the official statement, the .BinanceUS domain names will soon be made available entirely through the exchange’s app; and it’s for the first time, Unstoppable will provide customers with two-digit domain names like “00.BinanceUS” or “99.BinanceUS”. Additionally, it already provides two-letter domains such as “ok.BinanceUS”.
BinanceUS Addresses To Start From $10
Furthermore, under the new partnership, customers of Unstoppable Domains will be able to withdraw cryptocurrency to a variety of domain addresses, including “.crypto,” “.nft,” and “.x” domains, using Binance US. According to official statements released, users will be able to purchase “.BinanceUS” domain names for as little as $10.
Remembering long, complicated #crypto addresses can be a hassle.
That’s why https://t.co/AZwoBOgsqS has partnered with @unstoppableweb. Customize your wallet address down to just TWO characters.
Join the waitlist to be notified when they become available!
— Binance.US (@BinanceUS) April 26, 2023
While, unlike its rival ENS which mints all its domain names on the Ethereum blockchain, the BinanceUS domain names will be created on the Polygon network. Considering there is a cost associated with using gas on Ethereum, ENS names can turn out to be expensive. However, as per Unstoppable Domain’s website, their domain addresses do not have any gas fees associated with it.
In light of this Binance news, the exchange’s native cryptocurrency BNB, witnessed a drop of roughly 0.41% in the past one hour. As things currently stand, the price of BNB is exchanging hands at $329.66 and boasts a market cap of roughly $51 billion.
Also Read: Circle Unveils New Protocol To Disrupt Stablecoin Market, USDC Set To Overtake USDT?
The post Binance’s New Initiative On Polygon Aims to Woo US Customers Amid Regulatory Scrutiny appeared first on CoinGape.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks