Activate Sub-Accounts on Binance: Manage Your Crypto Like a Pro
Sub accounts in Binance are additional accounts that can be created under a main Binance account. They allow users to manage multiple trading strategies or businesses using a single login.
Subaccounts have their own unique API keys, trading history, and balances, but they share the same login credentials as the primary account. You might be thinking about how to activate sub account in Binance? Well, it is a quite simple process and does not involve any complications.
Sub accounts can be used to set different permissions and access levels for other users or trading strategies.
The owner of the primary account can create and manage sub-accounts and can impose additional permissions and restrictions for each sub account.
Key Takeaways:
- Binance sub-accounts manage multiple strategies with one login.
- Each sub-account has its own unique history and balances.
- Create and manage sub-accounts with varying permissions.
- Benefits include improved security, simple management, and enhanced privacy.
- Ideal for institutions and users with trading staff or risk management needs.
How To Activate Sub Account In Binance
To start a sub-account in Binance, you need to follow these steps:
- Log in to your Binance account.
- Go to your account dashboard and click on the “Sub-account” option.
- Click on “Create sub-account” if you don’t have any sub-account yet.
- Fill in the required information, including the email address and password of the sub-account.
- Choose the access and trading limits for the sub-account.
- Click on “Create sub-account” to finish the process.
Once the sub-account is created, you can activate it by logging in to the sub-account using the email address and password you provided during the creation process. You can then verify the sub-account by completing the KYC (Know Your Customer) operation and linking it to your main Binance account.
Taking Control Of Your Sub-Accounts
When the sub-account has been successfully created, it may show up in the Account Management menu. To accomplish this, choose ‘Sub Accounts’ from the drop-down list by holding your cursor over your account address in the top-right corner of your screen.
Account Permissions
In this section, you may change your account permissions as well as your password and your email address.
Asset Management
Just click “Asset Management” to examine the balances of the master account and all sub-accounts (from the navigation bar close to the top of the Account Management page). Click “Transfer” after that. By using this, you may rapidly and with no costs transfer funds between the master account and sub-accounts.
Order Management
From the Account Management menu bar, select “Orders Management.” The open orders, order history, and trading history for all your sub-accounts are all presented here. Orders may also be filtered by dates as well as trading pairings.
Transfer History
From the Account Management menu bar, choose “Transfer History.” After that, you may verify the money transfers history for every one of your accounts by clicking “Transfer From” or “Transfer To.” Moreover, you have the option of using a date filter.
Login History
Click the “Login History” link in the Account Management menu bar. You may get a record of all sub-account login histories from here, complete with date, IP address, and location tracking.
Who Ought To Utilize A Sub-Account?
Users can register several accounts using sub-accounts to trade with the Application programming interface via email and fake emails. It is appropriate for individuals who need to exchange using various techniques and have a trading team, as well as for those who have to divide their investments for risk management concerns.
How Can I Convert My Main Account Into A Sub Account?
- Go to the Settings menu.
- Choose for Chart of Accounts.
- Find the account you want to designate as a subaccount once more.
- An edit can be chosen from the Action column dropdown menu.
- Put a tick in the Is subaccount box.
- The Parent account can be chosen from the dropdown menu.
- Choose Save.
Benefits Of Having Sub Accounts In Binance:
Some of the benefits of using sub accounts in Binance include the following:
1. Improved Security
Sub accounts can be used to limit the number of funds and trading activities that can be performed by different users, reducing the risk of unauthorized access and potential losses.
2. Simplified Management
Sub accounts can be used to manage multiple trading strategies or businesses using a single login, making tracking and managing all of your trading activity easier.
3. Enhanced Privacy
Sub accounts can be used to keep different trading strategies or businesses separate from each other, providing an additional layer of privacy and confidentiality.
Overall, sub accounts in Binance provide a flexible and secure way to manage multiple trading strategies or businesses while simplifying account management and enhancing privacy.
FAQs:
A separate account that is stacked beneath a more extensive account or connection is known as a sub account. These distinct accounts could store records of communication, information, and other critical details, or they might hold the money that is kept in a bank’s safekeeping.
1. Access your Binance App after signing in, then select [Profile] – [Security].
2. Select [Manage account] – [Disable Account] to disable an account.
3. Before selecting [Disable Account], carefully read the contents. When a confirmation window appears, press [OK].
A particular kind of cost assessed to a subaccount is a subaccount charge. In essence, subaccounts are smaller accounts that are nested within a bigger account framework. They are employed in variable insurance and investment management solutions where client funds are invested in securities with various managerial costs.
Conclusion:
Trading through numerous accounts is possible with a sub-account. It is a valuable tool for managing tasks and assigning roles. Now you know how to activate a sub-account in binance. In order to manage all of your accounts from one login, Binance allows you to create additional accounts that are subordinate to your primary account (master account).
Institutional users can now divide tasks into manageable parts and conduct financial transactions more privately and efficiently. Institutions with a trading staff, those that must trade using multiple strategies, or those that must divide their holdings for risk management reasons would benefit the most from this feature.