Binance sub-accounts are powerful tools for traders, families, or businesses managing multiple portfolios under one roof. Binance exchange occupies a leading position among other crypto exchanges in terms of trading volume. This exchange allows users from all over the world to buy and sell cryptocurrency 24/7, perform P2P transactions and use various crypto trading tools.
But some limitations for residents of certain countries forbid them to use the services of the exchange, such as deposits in cryptocurrencies, placing transactions, and withdrawing funds.
To prevent limitations, users of crypto exchanges can make a Binance sub-account on the Cryptorobotics trading platform. Let’s get to know how to make a sub-account and trade on Binance without limitations.
What is a Binance Sub-Account?
- Enhanced Security: Isolate trading activities (e.g., separate spot, futures, or savings).
- Family/Team Management: Share access without revealing main account details & credentials.
- Performance Tracking: Monitor individual strategies or users independently.
- Regulatory Compliance: Simplify accounting for businesses/institutional traders.
Binance Sub-Account Features
- Easily and quickly create an account on the Binance exchange without restrictions.
- Create accounts in countries where there are problems with avoiding restrictions and accessing popular functions for cryptocurrency trading. It would be a great option.
- Create a sub-account if you have a main account to split the balance for different trading instruments.
- Use various features of the Binance exchange and the Cryptorobotics platform to trade cryptocurrencies.
- Track the history of all logins to sub-accounts.
How to create a Sub-account under your Binance account?
Prerequisities
- Verified Main Account: Complete KYC verification (ID + facial scan).
- 2FA Enabled: Google Authenticator or SMS authentication activated.
- Unique Email: A new email address not registered with Binance.
- Access Sub-Account Management
- Login into account and Navigate to [My Account] > [Sub-Account] > [Create Sub-Account].
- Create Sub-Account:
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- Choose to create with a virtual email or a real email address.
- Enter the desired sub-account name and set a password.
- Click [Create Sub Account].
- Account Successfully Created
Trading Fees Associated with Sub-Accounts
- Standard Trading Fees: Binance charges a base trading fee of 0.1% for both makers and takers.
- VIP Tier Benefits: Sub-accounts inherit the VIP level of the master account, which can lead to reduced trading fees based on cumulative trading volume.
- BNB Fee Discounts: Opting to pay trading fees with Binance Coin (BNB) can yield a 25% discount, enhancing cost efficiency.
Is it allowed to have 2 Binance Accounts?
No, Binance does not allow users to have more than one account. However, you can have more accounts using the sub-account feature.
Conclusion:
Binance sub-account is a basic yet essential feature on the Cryptorbotics trading platform that assists crypto-asset owners and traders in registering on the Binance exchange without limitations, applying different trading strategies, utilizing different functions, and withdrawing and depositing their money on crypto wallets without limitations. Furthermore, the application of this feature is free to users on the platform.
