2021-11-26 05:40
Fellow Binancians,
Binance has released an updated version of the Price Alert feature on the Binance App. A 90-day validity period has been added to the Price Alert feature in this update. Price alerts that exceed the 90-day validity period will be automatically cancelled.
Please
or upgrade your Binance App to the latest version ( (Android 2.38.0, iOS 2.38.0), to ensure the best user experience.
Note:
Existing price alerts that had exceeded the 90-day validity period were automatically cancelled.
For example, if you set a price alert for the BTC/BUSD trading pair with the trigger price of 55,000 BUSD and the frequency of “always” on 2021-08-27 (UTC), it was automatically cancelled on 2021-11-25 (UTC).
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2021-11-26
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
As an avid enthusiast and expert in the cryptocurrency space, I have closely followed the developments and updates from major platforms like Binance. My depth of knowledge extends beyond theoretical understanding to practical application, making me well-versed in the intricacies of cryptocurrency trading platforms and their features. Now, let's delve into the details of the recent Binance announcement regarding the update to the Price Alert feature on the Binance App.
The announcement, dated November 26, 2021, communicates a significant enhancement to the Price Alert feature. Binance has introduced a 90-day validity period for price alerts in this update. This means that any price alerts set by users will be automatically canceled if they exceed this 90-day timeframe. It's crucial for users to be aware of this update to ensure their alerts remain active and relevant.
To implement this improvement, Binance recommends users either download the latest Binance App or upgrade their existing one to the latest version. For Android users, this means upgrading to version 2.38.0, while iOS users should ensure they are on version 2.38.0 as well. This proactive approach is essential for users to maintain the best experience while utilizing the Price Alert feature.
The announcement also includes a specific example to illustrate the application of the 90-day validity period. If, for instance, a user sets a price alert for the BTC/BUSD trading pair with a trigger price of 55,000 BUSD and a frequency of "always" on August 27, 2021 (UTC), it would have been automatically canceled on November 25, 2021 (UTC) if it exceeded the 90-day limit.
Furthermore, Binance issues a risk warning, emphasizing the high market risk associated with cryptocurrency trading. Users are urged to exercise caution in their trades, with a clear disclaimer that Binance is not responsible for any trading losses incurred.
In conclusion, this update to the Price Alert feature reflects Binance's commitment to improving user experience and ensuring the relevance of price alerts. As the cryptocurrency market continues to evolve, staying informed about platform updates is crucial for traders to navigate the dynamic landscape effectively. I encourage fellow cryptocurrency enthusiasts to stay vigilant and take advantage of the latest features and updates to optimize their trading strategies on platforms like Binance.
