MultiversX Tracker is Live!

binance pay security limitations

Binance

Cryptocoins Exchanges / Binance 207 Views

it seems that once binance pay has been enabled in your account, there is no way to disable it, and no way to change the daily transfer limit (eg USD 50k/day). i checked with binance customer support and they confirmed this.

given that binance pay allows transfers via email, phone number or id, it is one way to by pass the whitelist address security (if you have it enabled), and it also does not have 2FA security as protection. all it has is a 6 digit pin as security.

if the above is correct, then i would be very concerned - and would discourage anyone fm enabling binance pay until this is addressed. any thoughts?

submitted by /u/milotrader
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments