What Are the Benefits of Using Hardware Security Keys?Įnabling 2FA on Binance is always a good security practice. In the case of your Binance account, when you’re prompted to attach your key and you do so, it confirms that your withdrawal transaction is legitimate. With hardware security keys like YubiKeys, you just plug in your hardware key to the USB or Type-C port of your desktop/laptop or phone, and the key completes the verification for you. For SMS, you receive the code via a text message, while for Google Authenticator, the app generates a code that changes every few seconds.ĭoing 2FA via hardware security keys works a bit differently. For both options, you are sent a six-digit passcode that is usable for a limited time to verify your access. Previously, the options available on for 2FA are SMS Authentication and Google Authentication, which are both useful methods for securing your account. To understand how hardware security keys work, let’s first discuss 2FA briefly.Īt Binance, we encourage users to enable 2FA, through which when you log in or withdraw, you’re asked to verify as a second layer of security that it is indeed you who is accessing your account. What Are Hardware Security Keys and What Do They Do? In case you activate the security key option, you’ll only be able to withdraw using the website, but you’ll still be able to log in through the other 2FA methods. We’re working on enabling support on the app soon. Note: As of now, the Binance apps do not support security key 2FA. This means that for as long as you have security keys that you can use on your device, you can take advantage of this feature. This means that 2FA devices that support this standard, like YubiKey, Trezor, and others, can be used as security keys for your Binance accounts. The Binance website, both on desktop/laptop and mobile, now supports the FIDO2 open authentication standard. This is in addition to the SMS and Google Authenticator options supported on the website and apps.
Incorporated into the newly-redesigned Binance website, this new feature allows Binance customers to use a more secure method of verification for your actions on your Binance account.
Binance has added a new security feature: two-factor authentication (2FA) through hardware security keys.
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