Only with an air-gapped wallet are your digital coins protected from hackers and Ponzi schemers. While 2FA is a great way to protect logins and to authenticate trades or transfers, we would be remiss to not suggest that you use a hardware wallet as well. Find “Multi-Device” under “Settings,” then “Devices,” then “Allow Multi-Device.” Don’t Forget The Hardware Wallet This will ensure that you’ll always have access to Authy protected accounts, and give you peace of mind in case you lose access to one. Then disable “Allow Multi-Device” on your Authy app.
Then install it again on another device, like a tablet or desktop, as a backup. We suggest you first install the Authy app on a device, such as your mobile phone. When disabled, you cannot install another instance of the Authy app for your account (although any existing devices with Authy installed will remain active).When enabled, Multi-Device allows you install new apps and add them to your Authy account.What the Multi-Device feature does is pretty simple: And, if one device is lost or stolen, you’ll still be able to login to Binance and your other Authy-protected accounts. It lets you use Authy from more than one device and keep all your Authy accounts in sync.
Our “Multi-Device” feature really sets us apart from Google Authenticator. If you access Binance through their mobile app or on their website, you might also want to use Authy on multiple devices. Again, for purposes of this step-by-step guide, we’re using Authy instead of Google Auth.Īuthy’s Multi-Device Provides Extra Protection Step-by-Step Guide to Securing Your Binance Account With Authy 2FAįirst, when you initially log into Binance, a pop-up will appear prompting you to enable 2FA with Google Authenticator. (It’s painful to restore Google Authenticator accounts).
Multi-device sync so you can use 2FA with iOS or Android devices, or from a Desktop.And feature-rich Authy offers many advantages that Google Authenticator doesn’t have, including:
Why Use Authy Instead Of Google Authenticator?Īuthy and Google Authenticator work along the same security principles, so remember that you can use Authy anywhere where you are instructed to download and enable Google Authenticator. But what they may not know is that even though Binance promotes Google Authenticator, the Authy 2FA app can be used instead. The inherent risks of SMS-based 2FA will drive those who want extra strong security to select the 2FA app. In an effort to not overwhelm users during the set-up process, Binance offers two types of 2FA to choose from: SMS-based, and a software-based authentication app (specifically, Google Authenticator).
While you can open an account and make a trade with just a password, you must have two-factor authentication (2FA) enabled to make a withdrawal. It’s popular because its available in many languages, has a clean and intuitive user interface, and process orders at extremely high speeds.īut what we like best is how Binance embraces user security. Named by combining the terms ‘binary’ and ‘finance,’ Binance is the fastest growing exchange for trading bitcoin, alt-coin, and other assets.
If you buy, sell, or otherwise trade cybercurrencies today, you may have heard of Binance.