- The internal transfer feature enables fund transfers between two Binance accounts.
- It will be instantly credited.
Binance, the largest cryptocurrency exchange, has reportedly moved significant funds between the internal wallets. When a user transfers funds from their Binance account to an active Binance deposit address, this is regarded as an internal transfer, which may be completed without requiring any block confirmations and incurring no transfer fees.
The new internal transfer feature was unveiled by Binance last month. Sending money between two Binance accounts can be done with the internal transfer feature. And it will be credited instantly. With a registered phone number, email address, Binance User ID (BUID), or Pay ID, it can transfer cryptocurrency to other Binance users immediately using Binance Pay.
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