Convert Binary String to Integer Without strtol function or Libraries

Code

#include <stdio.h>
#include <stdint.h>

uint16_t binary_to_uint(const char *str) {
    uint16_t val=0;
     for(int i=0;str[i];i++){
        val=(val<<1)|(str[i]-'0');
     }
    return val;
}

int main() {
    char bin[20];
    scanf("%s", bin);

    printf("%u", binary_to_uint(bin));
    return 0;
}

Solving Approach