Cryptocurrency

May 13, 2020

Updated:

October 24, 2024

Binance – 2FA Guide!

There are many different methods – ways to hack and circumvent passwords using phishing techniques or public wireless networks. Therefore, it makes sense and absolutely necessary to use 2-factor authentication to improve the security of your binance account.

Illustration representing a guide and review for Binance Exchange, featuring charts, trading tools, and review symbols

There are many different methods – ways to hack and circumvent passwords using phishing techniques or public wireless networks. Therefore, it makes sense and absolutely necessary to use 2-factor authentication to improve the security of your binance account.

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:

  • Users knowledge (Password)
  • Something the user owns (Phone)
  • Biometric traits (Fingerprint)

You must have two separate locks in your account to get access to 2FA security. The two most important factors in Binance are the password and the one that is made by text message or Google authentication code.

Differences between Google Authenticator – SMS authentication?

SMS Authentication

Once you have created your account on Binance and you have entered your mobile number in the system. Each time you log in, Binance will send you a text message verification code on your phone, this code will expire within a certain time, usually within 5 to 10 minutes. The number code you receive must be entered into the Binance system.

Google Authentication

Once you have set up Google Authentication on your system, you will be given, and you have an option to create a backup key. Application – The system generates one-time passwords at regular intervals. Use this one-time password to log in!

How to set up SMS and Google authenticators?

Setting up SMS Authentication

Go to Binance website and log in to your account management panel and select “Security” -> “2-Factor Authentication” and press the “Enable” button next to the SMS authentication token to start SMS authentication.

image 9

You need to select your country code what you use in your mobile phone and in your area – then specify your mobile phone number. After entering the required information, press the “Send SMS” button.

image 10

After entering the information, you will receive a text message verification code on your phone. Enter the verification code of the SMS you received and press “Enable SMS Authenticator ”.

image 11

Setting up Google Authentication

Go to your account dashboard and select “Security” and choose “2-factor authentication” then click the “Enable” button next to the Google Authentication label. This is how you get the service working!

image 12

1 – Download App

Google has a separate Google Authenticator app for your phone that makes getting codes faster and more secure. You can download this application for free and easily, for example via the image links in the image.

After downloading and installing the application on your phone, you can proceed to the next step.

image 13

2 – Scan QR Code

Open the Google Authenticator app on your phone and press Scan QR Code! Your camera opens and you can scan that QR code with your phone.

If, unfortunately, you can’t use your camera for some reason, you can also enter the code manually!

Once you’ve received and verified the Google code, you can proceed to the next step to continue.

image 14
image 15

3 – Backup Code

The following screen will display and provide you with a Google authentication code. Write this code down on a piece of paper or anywhere you like. This code can be requested by the Google Authenticator system if you lose your phone or change your phone.

Once you have received and wrote down the code, we can proceed to the next step.

image 16

4 – Enable Google Authenticator

Now the system asks and wants you to enter the account password and the 6-digit code that you can see in Google Authenticator! Then press the “Enable now” button!

image 17

Congratulations! Your account is now protected with two-factor authentication and you can use the system safely!

You will now need to enter your account password and the 6-digit code that will be displayed in the google verifier to enable google authentication for your account.

Read our other binance tutorials here.

AltSignals Team

Proficient authors guiding you with transparency, integrity and education through the finance international markets

The AltSignals writing team consists of experts dedicated to the world of finance and technology, with a particular focus on cryptocurrencies and forex. Our writers bring a broad range of knowledge and experience, cultivated through years of arduous and direct involvement in financial markets, as well as intense technological collaboration.

Editorial approach

At AltSignals, we believe that transparency and education are the key to empowering our readers. Therefore, our content is meticulously researched to ensure its accuracy and thoroughness. Each of our articles is created with the aim of providing educational insights and in-depth analysis, helping both beginners and experienced traders.

Commitment to quality

Integrity is certainly the foundation of our editorial process. The team follows rigorous journalistic standards with careful review, all to ensure that each publication is meticulously researched and exceeds our readers’ expectations.

Our mission is to provide analysis that informs as well as guides users and enthusiasts through the complexities of the cryptocurrency and forex markets. In line with our motto of “quality over quantity”, we guarantee that only the highest quality trading signals are published.

In addition to our commitment, which extends beyond the simple transmission of useful information, our in-depth analysis focuses on profitability and effectiveness squarely, avoiding the common industry habit of prioritizing profit over accuracy. Our traders are strategic experts who offer personalized help to those seeking worthwhile portfolio management tactics.

Diverse knowledge

Our authors are proficient in a variety of topics across the financial spectrum, from emerging trends in blockchain to the nuances of forex trading. This diverse range of knowledge allows the team to cover several topics, ensuring our content is always comprehensive and deeply specialized.

Interactivity and support

We understand that the world of trading can be complex for many. Therefore, alongside producing informative articles, our team is also committed to interacting with the community. Through comment sections, forums and direct support, we encourage our readers to seek clarification and sharpen their understanding, promoting an environment of continuous learning.

Future vision

Looking to the future, the AltSignals writing team is imbued with a vision that transcends regular publishing, and continues to dedicate itself to discovering and reporting on the latest innovations and trends available in the market. We are constantly seeking to improve our skills and expand our knowledge, with the ultimate goal of being a reliable and respected source in digital financial journalism.

There is great commitment to discovering and reporting not only the latest news and trends in the market, but also to equipping our readers with the tools they need to navigate volatile markets with confidence. We firmly believe that, with the support of an appropriate platform coupled with accurate guidance, our readers and traders can turn market volatility into a competitive advantage.

Join us

Follow AltSignals to stay up to date with the latest developments in the world of finance and technology, and explore how our insights can help improve your trading strategies. The AltSignals team is here to guide you through the exciting, dynamic and challenging world of financial markets.

Latest posts by AltSignals Team

Latest posts from the category Cryptocurrency