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BTC $62,969.91 +0.00%
ETH $1,877.54 -0.25%
BNB $606.59 -0.18%
XRP $1.00 +0.04%
SOL $75.38 +0.01%
TRX $0.3308 -0.51%
DOGE $0.0696 -0.54%
ADA $0.1765 -1.74%
BCH $203.45 -1.28%
LINK $9.47 +2.89%
HYPE $57.00 +0.98%
AAVE $86.18 -0.15%
SUI $0.6748 -0.97%
XLM $0.1569 -0.73%
ZEC $485.88 -2.16%

Binance opens multi-signer withdrawal verification for all corporate accounts

2024-07-11 20:06:03

ChainCatcher message, according to the official announcement, all company accounts that have successfully completed real-name verification (KYB) on Binance can now access multi-signer withdrawal verification. Given the complexity of roles and permissions within financial institutions, multi-signer verification provides an additional layer of security to protect users from unauthorized actions.

For business accounts that choose to enable multi-signer withdrawal verification, members with the approver role will be required to approve any withdrawal requests within a given time frame to prevent unauthorized withdrawals. We strongly encourage business users to take advantage of this additional security feature to reduce account risk.

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