In one of my previous posts, I wrote about the SafePal S1 hardware wallet. In this post, I want to highlight a new feature that was released. This will allow practically anyone to trade on Binance regardless of nationality. In addition, this method doesn’t even require the KYC process.
So if you're looking to purchase some coins on Binance but can't because of restrictions, then this method may be of interest to you.
In some sense, this method is a blend of things. It’s like using a DEX but as opposed to using Binance’s DEX, you’re using their centralized server to put in trades. In addition, you have full access to the private keys when you’re interacting with the wallet connected to Binance's app within the SafePal wallet app. There's no need for an account with Binance as you would be linking your SafePal wallet to Binance's interface.
It’s a bit difficult to explain because the concept is very new and foreign. But essentially you’re using a hardware wallet with Binance's centralized exchange.
As it’s difficult to explain, I would highly recommend that you watch the video to get a better understanding of exactly what I mean.
This short 3 minute video goes through the steps on how you can use the SafePal S1 wallet with Binance’s exchange. Everything is done within the SafePal wallet.
For those of you who are looking to purchase coins from Binance but can't because of restrictions, you now have a workaround.
You can use either SafePal's software, or hardware wallet to use Binance's exchange within the SafePal application.
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