![]() Ĭommunity is what drove the growth of Binance, from the different divisions to, most recently, the community-led decentralized movement at BNB Chain and Binance DEX. ![]() Read the latest updates on the world of possibilities for using BNB in this blog. This translates to a 45% growth in use cases in just a month, up from 83 in late May. Speaking of BNB, the native token of the Binance ecosystem reached 120 use cases as of late June. I do personally believe that it’s a positive decision for BNB and BNB holders.” We want to increase the utility of BNB, have more people to use it, instead of just increasing revenue for. “With everything considered, we want to give back to the community,” CZ said. In addition, CZ informed the Binance community that the 25% discount for using BNB to trade on will continue for another year, instead of going down to 12.5%. To further understand the significance of this decision, read his statement here. This time, he revealed that the Binance team has committed to give up all of their BNB allocations and contribute them towards the burn. But this announcement is particularly different. During a presentation at the Asia Blockchain Summit in Taipei, he announced Binance’s plans to offer futures contracts, providing another major development for the exchange.ĬZ also informed the public about the 8th scheduled coin burn for BNB. Speaking of CZ, he was very vocal during Month 24, revealing to the public the direction that Binance is moving towards. “This is another step in providing an inclusive cryptocurrency trading platform catering to the needs of both advanced institutional traders and retail traders under the same roof,” said CEO of Binance, CZ (Changpeng Zhao). ![]() Two years after, we are looking at the Binance blockchain universe, powered by an ever-expanding community and the growing abilities of the different Binance divisions.Īnd as the recently concluded month shows, the universe continues to grow.Īfter much anticipation, Binance formally launched its Margin Trading platform, allowing millions of Binancians to open both long and short positions on crypto trading. It all started with a cryptocurrency exchange that has set out to keep trades fast and safe. Your Binance account will now show that you have enabled two-factor authentication.On Binance’s Month 24 (June 15 to July 15, 2019), we ended Year 2 with several major developments, from the launch of margin trading to the significant changes across fundamental BNB uses such as discounts and coin burns. When completed, click “Enable Google Authentication.” and the Binance 2FA key from your Authy device. ![]() Copy this down and keep it safe, you will need it if you ever lose your device. Finish Setupīack on your Binance page, you’ll be prompted to make note of your 16-digit alpha-numeric backup code. You will now see a Binance 2FA account in your Authy app. You’ll be prompted to hold your phone up to your computer to scan the QR code. Capture the QR code that was displayed in your terminal. When capture is completed, Authy will automatically prompt you to name your new account (we’ll soon add a Binance logo, too, so this will be automatic). On your device’s Authy app, Click ‘Add Account’ at the bottom. Launch Authy on your phone while you leave this page open. On the next screen, you will see a QR code that you will need to capture with the Authy app. If you haven’t downloaded Authy yet, do so here: When ready, click “Next Step.” Enable 2FA On the next slide, you’ll be prompted to download the 2FA app. You will locate the beginning of this process after you sign in, on the lower right quadrant of your account settings page. And although they promote Google Authenticator, remember that you can use Authy 2FA instead. Each time you sign in you will be reminded to enable 2FA.īinance offers SMS-based 2FA and app-based 2FA options. In order to make withdrawals from your Binance account, you are required to set up two-factor authentication. Although they work in similar ways, Authy is more feature-rich and allows for multi-device syncing, cloud-backups, and easier account recovery should you change or lose your phone or device. Read more information on the features of Authy here. Important: If any sites prompt you to use Google Authenticator for two-factor authentication, note that you can always substitute the Authy 2FA app instead. Install Authy on your device by searching for it in your device’s app store. It enables you to have a single mobile app for all your 2FA accounts and you can sync them across multiple devices, even accessing them on the desktop. The best way to manage all your 2FA accounts is to use the Authy app. How to enable 2FA for Binance Install Authy
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