How To Setup Security Of 2FA On Binance Exchange

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How To Setup Security Of 2FA On Binance Exchange

How To Setup Security Of 2FA On Binance Exchange

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There are a huge number of methods for hacking and circumventing password authentication, so two-factor authentication (2FA) is essential to Your account security

What Is 2FA?

2FA or two-factor authentication is when you protect your account with two factors or locks, creating an additional layer of security.

In this context, a factor is split into three different categories:

1. Users knowledge (Password)

2. Something the user owns (Phone)

3. Biometric traits (Fingerprint)

To be properly protected by 2FA your account must require 2 locks before granting access. The two main factors for Binance is a password as well as either an SMS or Google authentication code.

How To Setup SMS Authentication On Binance?

SMS Authentication

When creating an account, you provide your mobile phone number. Whenever you want to log in, the service sends you an SMS message with a verification code that expires after a certain period of time. You have to input that number in order to log in.

PRO CON

Convenient & Easy to use

Mobile phone numbers can be spoofed

Does not require an additional application

Requires cellular reception

Setting Up SMS Authentication

Login to Your account, please click on Icon tab at right top of site, then click on ‘Email address’ tab to go to Your account page

Then click enable on the SMS Authentication option

SMS Authentication on Binance

You will now need to enter your mobile phone number and click ‘Send SMS’

SMS Authentication on Binance

Once you have received the SMS, input your SMS Authentication Code into the field and click ‘Submit’.

SMS Verification on Binance

How To Setup Google Authentication On Binance?

Google Authentication

After setting up Google Authentication, you are assigned a backup key (secret key). The App then generates one-time passwords (OTP) at regular intervals, using the secret key as a seed. Those one-time passwords are required to log in.

PRO CON

Strong encryption

Losing your device means losing access to your account (unless you have a backup key)

Doesn’t require cellular reception or wifi

Requires installing additional applications

Setting Up Google Authentication

Login to Your account, please click on Icon tab at right top of site, then click on ‘Email address’ tab to go to Your account page

How To Setup Security Of 2FA On Binance Exchange

Then click enable on the Google Authentication option

How To Setup Security Of 2FA On Binance Exchange

Then you will need to download the Google Authentication App. Links are readily available on this screen.

How To Setup Security Of 2FA On Binance Exchange

Once the application has been installed, proceed to the next step.

Scan QR Code: Open the Google Authenticator App on your mobile device and click “Scan a barcode” or “Enter a provided key” if you are unable to use your device’s camera.

How To Setup Security Of 2FA On Binance Exchange

Once you have scanned the QR code on the Google Authenticator App, you can proceed to the next step

Backup Key: Please write down this backup key on a piece of paper and keep it safe. It can be used in the future to reset your Google Authenticator if you lose your mobile device.

Enable Google Authentication: Confirm your password and Google authenticator code and click on ‘Enable Google Authentication’

How To Setup Security Of 2FA On Binance Exchange – Source: https://www.binance.com
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