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Apps like Google Authenticator and Binance Authenticator greatly enhance the security of your account as they require more than just a password to access.
Advanced tools such as passkeys, security keys and multi-validator verification help further enhance security.
Regularly review your account security settings and activity. Stay up-to-date with security updates and recommendations on the Binance Blog, Binance Academy, and Support Center.
The rise of cryptocurrency has brought many benefits to users around the world. However, this process has also brought increased security risks due to malicious actors. From phishing attacks to hacks of major exchanges, these threats continue to evolve. Therefore, additional security measures in your Binance account are essential to protect your digital assets and personal information.
Protecting users’ funds and personal data is an absolute priority for Binance. As such, we take cutting-edge security measures and continually update our protocols to combat the latest threats. At the same time, user vigilance remains critical to protecting the ecosystem. In this article, we’ll cover four essential tools to enhance the security of your Binance account and offer helpful tips to help you stay safe in the complex world of crypto.
1. Authentication apps
Google Authenticator
Authentication apps like Google Authenticator help improve account security by adding another layer of protection in the form of two-factor authentication (2FA). The app generates temporary, one-time passcodes that change every 30 seconds. By activating Google Authenticator, you significantly reduce the risk of unauthorized access, even if someone gets hold of your password.
How to enable Google Authenticator?
1. Download the Google Authenticator app on your mobile device*.
* Use Google Authenticator without linking it to a Google account, as this reduces the risk of your Google account being compromised. You can skip the account linking process during setup. Click the account icon in the upper right corner, select Use without an account, and click Continue to unlink your account.
2. Log in to your Binance account and go to Account > Security.
If you are using a phone, log in to the Binance app and open the Account Center. Click on the profile icon on the top left of the screen and go to the Security section.
3. Under Two-factor authentication > Authenticator app, tap Manage.
4. On the Authenticator App page, click Turn On.
5. Scan the QR code displayed on the Binance interface using the Google Authenticator app.
You can also tap Copy to copy the 16-digit setup key and paste it into the Google Authenticator app or enter it manually.
6. Enter the generated code from the app to verify and enable 2FA.
For more information, please refer to the guide How to enable Google Authenticator for two-factor authentication on the Binance app?
Binance Authenticator
Binance Authenticator offers similar functionality to Google Authenticator, but is integrated directly into the Binance ecosystem, giving users tools tailored specifically to their trading activities.
How to enable Binance Authenticator?
1. Log in to your Binance account and go to Account > Security.
If you are using a phone, log in to the Binance app and open the Account Center. Click on the profile icon on the top left of the screen and go to the Security section.
2. Under Two-factor authentication > Authenticator app, tap Manage.
3. Follow the instructions to download the Binance Authenticator app.
4. On the Authenticator App page, click Turn On.
5. Link your Binance account by scanning the QR code that appears or entering the key manually.
6. Enter the code generated by the Binance Authenticator app to confirm the setup.
For more information, please refer to the guide How to use Binance Authenticator for two-factor authentication on your Binance account and app?
2. Passkey access keys
passkey is an advanced security feature that makes logging in easier and more secure. This tool allows you to log in without a password by using public key cryptography to link your account to a trusted device. passkey provides a more secure and convenient login experience by eliminating the reliance on traditional passwords that are vulnerable to various security vulnerabilities.
How to enable passkey access keys?
1. Log in to the Binance app and go to Account Center. Click on the profile icon on the top left of the screen and go to Security.
2. Under Two-factor authentication, select Passkey.
3. On the Passkey page, click Add Passkey.
4. Follow the prompts to connect a trusted device, such as a smartphone or YubiKey.
5. Verify your identity using a biometric scan or other secure method on a trusted device.
For more information, please refer to the guide How to create an access key for a Binance account?
3. Security keys
Security keys are a hardware-based security measure that ensures that only the owner of the physical key can access your account, providing an additional layer of security. This technology provides strong protection against phishing and other attacks by requiring physical access to the key to log in.
How to use security key with Binance?
1. Purchase a security key from an authorized dealer.
2. Log in to your Binance account and go to the Account > Security tab. If you are using a mobile phone, log in to the Binance app and open the Account Center. Click on the profile icon on the top left of the screen and go to Security.
3. Under Two-factor authentication, select Passkey.
4. On the Passkey page, click Add Passkey and select More sign-in options.
5. Select Security Key and click Continue.
6. Insert the security key into the USB port of your computer or mobile device. If you have an NFC key, hold it near the sensors of your mobile device.
7. Follow the on-screen instructions to confirm and bind your security key.
4. Multi-validator verification
Multivalidation is a useful security feature that requires multiple parties to approve a transaction before it can be executed. This extra layer of verification helps protect against unauthorized transactions, which is especially useful for high-value transactions such as withdrawals.
* The multi-validator feature is only available to whitelisted users. It will be available to all institutional users by the end of July, so stay tuned. You can contact your VIP account manager to get whitelisted and activate the multi-validator feature.
For more information, see How do I create and use custom login accounts?
How to enable multi-validator verification?
1. On the user login page, click More account roles.
a) Please note the following points.
1) A maximum of five approver accounts can be created.
2) Multi-validator checking is enabled by default when creating the approver role.
2. Select the Verifying role for the account and enter the password. Then click Create account.
How to verify a withdrawal request?
If you initiated the withdrawal:
1. After the withdrawal request, a verification pop-up window will open. Click Multi-validator verification.
2. Wait for approvers to approve your request. Once the minimum number of approvals is reached, click Confirm.
If you are an approver*:
1. When a withdrawal request is submitted, all approvers will receive a push notification on the Binance app.
2. Log in to your Binance account and you will see the details of this withdrawal request.
3. To approve the withdrawal request, click Yes.
*Please note: The approval feature is currently only available on the Binance app. Approvers must log in to their Binance account to approve the request.
Multi-validator technology provides a high level of security, ensuring that no one person can execute transactions unilaterally. This feature is especially useful for institutional accounts or personal accounts with significant assets, as it eliminates the need to worry that any changes or transfers require the consent of several people.
Be alert and informed
In the fast-paced world of cryptocurrency, protecting your Binance account is of the utmost importance. By enabling multi-layered authentication methods such as authenticator apps, passkeys, security keys, and multi-validators, you can significantly reduce the risk of unauthorized access to your account by malicious parties.
Additionally, you can stay up to date with Binance's educational resources, including the Binance Blog, Binance Academy, and the Binance Risk Sniper account on the Binance Square platform, which walk you through best practices for protecting your account, such as regularly checking your login records and connected devices.
These proactive measures not only protect your assets, but also help increase trust and security in the cryptocurrency ecosystem. Stay alert and informed to make your trading safer and more secure.