The new system allows users to customize when additional verification is required — whether for logging in, withdrawing funds, trading, or performing other account operations.
How Customizable 2FA Works
To enable the feature, users should navigate to Account → Security → Two-Factor Authentication Method. They can then configure specific verification requirements for different actions, such as:
- logging into the system;
- asset operations, including withdrawals, P2P trading, and Binance Pay transactions;
- changing account settings.
Each action can be assigned a different security level depending on frequency of use and risk exposure.
“This means you can build a security system that suits your personal needs. For example, you can choose a passkey for quick logins but require multiple verification methods before withdrawing funds,” Binance explained.
The exchange recommends using passkeys as the primary method of 2FA.
What Is a Passkey?
Passkeys are based on public-key cryptography: the private key remains securely stored on the device, making them resistant to phishing and SIM-swap attacks that often compromise traditional 2FA methods such as SMS or email codes.
They also synchronize across devices, allowing users to log in quickly with biometrics — without passwords or one-time codes. This makes them both more secure and more convenient.
To activate a passkey:
- Open your account security settings.
- Find the Passkey section.
- Follow the instructions to link your device.
- Confirm the setup using biometrics.
For Tether, the launch represents a strategic move, as the stablecoin company considers Bitcoin one of the most liquid crypto assets. Paolo Ardoino’s firm is holding over 100,000 BTC in its own wallets.
The stablecoin giant is also ramping up its mining operations. By the end of the year, it aims to become the world’s largest miner.