Authentication of Bainance accounts became mandatory for Safe Bridge wallet users

According to Notifications The official SafePal digital currency wallet development team, those users who previously had access to the Decentralized Application (DApp) application version of Bainance Exchange through this wallet, without the need to create an account or authentication, from May 12 (May 12) will be required to authenticate.

According to Arzdigital, the text of the announcement of Saif Paul wallet states:

Safe Bridge is the first decentralized wallet that allows digital currency transactions in Bainance exchange for its mobile application users. This safeguard measure (forcing authentication) is intended to help Bainance authenticate exchange clients and combat money laundering.

According to the Seif Paul team, from 00:00 on May 12, at 4:30 a.m. global time (Thursday, May 22), all new Seif Paul users will be required to authenticate in order to use the Binance app in this wallet. From now on, current users will only be able to withdraw their assets from a binance account connected to their wallet if they have not authenticated. It is worth mentioning that the orders and trading positions of Bainance users in Safe Bridge will be automatically canceled and closed from this date onwards.

It should be noted that from May 12 (May 22) users who want to trade through SafePay in Bainance, must connect their authenticated account to this program or if they do not have an account on the website and the main program of this exchange, a new account Build and then complete their authentication steps in it.

It is worth noting that Bainance Group is one of the main investors in Safe Bridge wallet.