![]() They offer cryptos like Bitcoin (BTC) and over 150 other altcoins including Ethereum (ETH) and Litecoin (LTC).īinance was originally launched in China, but their real success came when they partnered with Binance.US in 2019 to broaden their client base and to explore a new market. Binance is one of the most renowned and most popular cryptocurrency exchanges in the world. ![]() If you’re a cryptocurrency user, you surely must have heard of Binanceby now. Remember to keep your backup key safe to avoid being locked out of your account.Ĭhoosing a strong 2FA method like Google Authenticator or Authy is recommended for better security of your Binance account and to protect your personal information and cryptocurrencies. ![]() Download Authy, scan the QR code from Binance, and then input your Binance password and the Authy token to enable 2FA. For Google Authenticator, download the app, scan the QR code provided by Binance, and store the backup key securely.Īuthy is an alternative app for 2FA on Binance. To enable SMS authentication on Binance, navigate to Security > 2FA in your account dashboard, enter your phone number, and use the code sent to your phone. Google Authenticator generates offline one-time passwords using a backup key, offering stronger security without the need for a network connection, but it can leave you locked out if you lose your device and don’t have the backup key. SMS authentication sends a code to your phone, which is easy to use but less secure and dependent on cellular reception. The main 2FA methods on Binance are a password and either an SMS or a Google Authenticator code. Two-factor authentication (2FA) on Binance adds an extra layer of security, requiring two forms of verification to access an account. Users can buy cryptocurrencies with fiat money or trade different cryptos, benefiting from lower fees than competitors like Coinbase. Binance is a leading cryptocurrency exchange offering over 150 cryptocurrencies, including Bitcoin and Ethereum.
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