Other than 2FA, there is SMS authentication. To get a two-factor authentication code, you must download and install the Google authenticator app, enter the security key provided by Binance, and back it up if your phone gets lost or broken. Anyway, upon logging in or in the dashboard, a prompt window will appear, displaying a message that users of the platform exchange should set up two-factor authentication for protection purposes. Binance is more strict than you have imagined because they will not allow their users not to take any security precautions or not set their accounts. Before you can proceed on other verifications, Binance will ask you first to enable two-factor authentication (2FA) in your account. Secondly, setting up security on Binance. See also: InstaForex offers cryptocurrency trading. Therefore, it depends on how the platform wants you to get your account verified. Sometimes, it sends only a code where you can copy and paste it rather than a link. This process is called Email verification. Take note that the sent link expires for a couple of minutes or in an hour, depending on the platform's discretion.
If yes, then click the link to verify your email. The first is, check your email inbox if there is a link sent to you from Binance. However, if you wish to upgrade your level, then you need to process getting verified. Steps to get verified on Binance- Level 2Īfter successfully creating an account and becoming a level 1 user, you can have an option to get verified or not. Plus, the limit for the withdrawal is up to 100 BTC daily, and the smoother trading process you can imagine on a platform.
The benefit of having a level 2 account is that you can access any services available on Binance, which any level 1 user cannot acquire. Level 2 undergoes many processes such as verifying identity, email or SMS authentication, and setup of two-factor authenticator (2FA). However, you can limit only 2 BTC withdrawals daily. Level 1 is direct and straightforward, where you do not need to verify your account.
To log in, you only need your Email address and a password, so make sure to keep it in a safe place.Īfterward, there are two verification levels: Level 1 and 2. To get verified on Binance, users first have to create an account for free by pressing the yellow "Register" button, But if you already have an account, you can skip this step and proceed to login. Binance also uses KYC or simply "Know-your-Customer" to process any verification before they can start trading. Aside from this, Binance has a user-friendly interface and is available in different languages. In less than a year, Binance had reached the 10th position among other cryptocurrency exchanges. Binance is one of the topmost growing platform exchanges for trading cryptocurrencies.
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