what is whitelist address in binance

what is whitelist address in binance?

In regards to withdrawal addresses, whitelist refers to a list of cryptocurrency addresses that users define as trustworthy. In that case, they would only be able to withdraw funds from their exchange account to the addresses that were previously whitelisted.

Correspondingly,What is address whitelisting?

Whitelisting is a security feature in the Address Book that allows crypto withdrawals to only go to addresses (external or Coinbase) already designated in your Address Book. Requiring 2-factor authentication to enable/disable the feature, Whitelisting allows users to more safely withdraw to verified addresses.

Subsequently,How do I add a whitelist to an address Binance?

How to turn on the withdrawal address whitelist function

  1. Click on the homepage [Wallet]-[Spot Wallet].
  2. Click [Withdraw], then click [Address Management] on the right side to go to the next step. …
  3. After entering [Address Management], click the button on the right side to enable the withdrawal address whitelist function.

Additionally,How do I get rid of whitelist address in Binance?

Enter the security verification code within the required time, and click [Submit]. Then, the button on the upper right corner will turn grey, indicating that [Whitelist Off].

Furthermore,What is Binance withdrawal whitelist?

The revocation address whitelist is another security feature offered by Binance. Once the whitelist feature is turned off, you can make withdrawals to any address in your account! When the security feature service is turned on, you can only withdraw to addresses that are on the whitelist!

Related Question Answers Found

What whitelist means?

A whitelist (allowlist) is a cybersecurity strategy that approves a list of email addresses, IP addresses, domain names or applications, while denying all others.

How do you whitelist a wallet?

Click your name in the upper right corner. Next, choose the option ‘Whitelist’. Then click ‘add address’, where you can enter your wallet address. Finally, it is required to enter your 2FA code.

What is a withdrawal whitelist?

Whitelisting your withdrawal address provides an extra layer of security. Written by Liquid. Updated on 22 March 2022. For security, new crypto withdrawal addresses need to be whitelisted before funds can be withdrawn to it.

How do I turn off whitelist on Crypto?

How do I disable 24-Hour Withdrawal Lock?

  1. Go to the Crypto.com Exchange and log in to your account.
  2. Head to the Dashboard and click Settings.
  3. Under the Security tab, select Withdrawal Whitelist.
  4. In this menu, you can toggle on/off 24-Hour Withdrawal Lock.

What is whitelist wallet?

Whitelisting wallet addresses adds an extra layer of security against any illegitimate activity. EQONEX only allows crypto withdrawals to authorized (whitelisted) wallets. Please note: Whitelisting cannot be completed unless your account has Two-Factor Authentication (2FA) enabled.

What happens if you get whitelisted?

Much like email whitelists, application whitelists help keep your computer system safe from malware, spam, ransomware, and other threats. Instead of approving email addresses, application whitelists allow only approved apps to run. Anything not whitelisted is considered unsafe and blocked.

What happens when you get whitelisted?

When you are added to the whitelist, you can choose a specific time you’d like to mint your NFT within the window provided. This allows the transactions to be spaced out, which means less competition, less traffic on the network, and low gas fees, eliminating problem #2.

Why do we need whitelisting?

Allowing only preapproved individuals to access your network can lower the chances that you might encounter a virus, malware or another cyber attack. It can also help you share any sensitive information your business might have with only those you trust.

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