Binance wallet launches Dex Pro mode: More Information

Binance Wallet is a wallet from Binance By Binance By Binance By Binance By Binance, the world’s leading cryptocurrency exchange, and shares its latest addition details with Instruments Stack. Dex Pro mode allows skilled traders to place more refined orders and save on gasoline charges.

Binance Wallet unlocks Dex Pro mode for experienced traders

Binance Wallet, a unique independent wallet from Binance, is pleased to announce the deployment of Dex Pro mode for experienced traders. This new feature features innovative secure autosign capabilities, allowing a new kind of limiting order that offers greater flexibility, cost-effectiveness and more advanced order management compared to traditional distributed exchanges.

Dex Pro mode allows users to place limit orders by setting target prices to automatically buy and sell tokens when market conditions are met. With secure autosign, this feature allows users to place and manage orders more efficiently without repeated manual approvals.

Secure Auto Sign runs within a trusted execution environment (TEE). This is a secure, isolated part of the hardware that protects your private key from external access. Once enabled, the wallet can automatically sign transactions on your behalf for seven days using the option to update, manage, or revoke permissions at any time.

Winson Liu, a global lead of vinance wallet, introduces new products to the most experienced traders in the Binance Wallet audience.

With Binance Wallet’s Dex Pro mode, I wanted to give people the freedom to trade in the ways they wanted. You can set target prices, keep your funds unlocked, and automatically handle executions while maintaining full control over your private key. This creates a gap between the seamless experience of centralized exchange and the transparency and flexibility of independent transactions. The goal of making advanced Web3 tools feel as intuitive and accessible as possible is part of the broader goal.

Thanks to a combination of innovative techniques, Dex Pro mode integrates the speed and convenience of automated trading with verifiable self-reliant security and transparency.

Zero prepaid gas fees and multiple pending orders

By combining restricted orders with secure autosign, Binance wallets address the common challenges faced by traders in traditional decentralized exchanges. First, traders can use the same wallet balance to place several orders at the same time. This is especially useful when targeting a specific price range across different tokens. Whichever tokens meet their price targets, they will be purchased or sold first.

After issuing a restriction order, funds are accessible while the order is pending, allowing users to continue trading freely. If you use your funds temporarily after a user places a restricted order, you must ensure that the required amount is replenished before reaching the target price to execute.

Most importantly, gas charges are only charged when an order is executed, allowing traders to cancel or change the order without any costs involved.