New features of Binance NFT

In order to provide Binance users with a more convenient payment experience and improve transaction security, Binance NFT Marketplace will introduce new payment features: password-free purchase limit (per transaction) and payment PIN.

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

In order to improve the user experience, the newly launched “Password-Free Purchase Limit (Per Transaction)” function will replace the “Daily Remaining Purchase Limit” function.

The default “Password-free purchase limit (per transaction)” is 500 BUSD, and the maximum limit that can be set is 100,000 BUSD.

Users can adjust the amount by visiting User Center > Settings > Account Limits.

Please note that [Account Limit] will be in BUSD, not USD.

Binance NFT Launches Password-Free Purchase Limits and Payments

When the price of NFTs and blind boxes purchased by the user exceeds the “password-free purchase limit (per transaction)”, the payment PIN needs to be re-entered to help the user complete the purchase more efficiently and securely.

If the Binance risk management policy is triggered, users may be required to complete 2FA (two-factor authentication) or enter their personal payment PIN when paying for NFTs and blind boxes.

Learn how to set up your Password-Free Purchase Limit (per transaction) and payment PIN here.

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