![]() ![]() ![]() Think of 2FA as a private security guard. Two-factor authentication or 2FA, as the name suggests, is a secondary verification requirement beyond a username and password. In this article, I will quickly run through what 2FA is and how to setup Google authenticator on Binance. This is why having two-factor authentication enabled is essential to keep your funds safe on Binance. But not to worry, this incident helped the exchange to improve its security. ![]() The hackers gained entry into several high-net accounts by phishing, using viruses, and other attacks, according to Binance CEO Zhao Changpeng. And just so you know, Binance was hacked on May 7, 2019. Malicious players will try to gain access to your account and steal your funds through phishing, public WiFi, or any other means possible. The fact that your funds are being stored on Binance makes it a honeypot for hackers and scammers. ![]()
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