Exchange asking to Login thru Facebook - page 6.

mazdafunsun

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Quote from: fudster on July 03, 2019, 09:26:39 AM

By next year we shall see the result of the Libra development and if its going to be a successful launch, do you think one day we shall see a facebook login button on exchanges like binance? Would you login to it? Grin

I have seen this on websites like medium.com. Worse is taht not only binance but also kraken and bittrex Grin

Why should LIbra would be connected to login solutions in exchanges?
There is no direct tie with that and exchanges, even more faceook login details and exchange login details are completely different things.

Malam90

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Activity: 1099

Merit: 116

Quote from: fudster on July 03, 2019, 09:26:39 AM

By next year we shall see the result of the Libra development and if its going to be a successful launch, do you think one day we shall see a facebook login button on exchanges like binance? Would you login to it? Grin

I have seen this on websites like medium.com. Worse is taht not only binance but also kraken and bittrex Grin

I always avoid signup with facebook, gmail or twitter etc in any exchanges. It has bad impact if your facebook, or twitter account suspended. I always prefer to create a new exchange account with email, username and password with 2FA. This is more flexible than signup with social accounts.

Mulann2

member

Activity: 686

Merit: 35

No way will login into an exchange through a random link placed in the website even if it looks like facebook but it could be a phishing link that could lead to unavoidable disaster Grin

, besides this could only work with novices or lazy people, anyone who value their account won't want to risk it in this manner, it is ridiculous.

yazher

hero member

Activity: 2184

Merit: 585

You own the pen

If they implement this kind of idea I totally disagree with it because exchanges are not like some other sites. Exchanges have some high percentage of hackers trying hard to steal our money and in the worst cases our information too. If you log in it with facebook they will also have the access to scam your contact list on your Facebook and your family in your contact will be at risk too.

So its better for us to Login on the same method as we're doing now, If hacked we minimize the risk of damage we can get.

blue_nexus15

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Activity: 532

Merit: 10

█ J A X N E T W O R K █

Quote from: bartolo on July 14, 2019, 08:22:18 AM

That will not happen, it would be a too insecure way to access an exchange account, hacking a social media account is very easy and frequent, any attacker who were able to hack a Facebook account could access the exchange account of that user and do whatever he wanted, it would be a mess.

Agree with this. Whether it happens to have this login option on my favorite exchanges. I will not use it. Unsafe, many times Facebook revealed holes to hackers to steal users' accounts with recovery in the base. Maybe it brings simplicity to access or some combination in the future. But personally, I really feel familiar with the safety and ease with which the options are available at the moment.

der_troll

sr. member

Activity: 602

Merit: 251

There are already some exchanges that are offering such an option, but I cannot understand the reason behind it. It is very unsecured to provide such an information for a third party exchange and there is no anonymity at all.

NeuroticFish

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Quote from: fudster on July 03, 2019, 09:26:39 AM

do you think one day we shall see a facebook login button on exchanges like binance? Would you login to it?

From what I know (please correct me if I'm wrong!), if the button is there, they already know that you are going to log in there, even if you don't use their button. I mean that they know that you have opened that page.
If you are logged in to FB, they also know that it's you, else they'll have to rely on IP address (which may or may not identify you) and cookies.
And this can happen whether Libra is going to come to life or not.

tycsols

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Activity: 812

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There are still doubts surrounding around the fb's coin project because US govt and regulators want to either stop it or fully regulate it so there are a few barriers for libra in the process but i hope they will overcome it and launch their coin next year.

unusualfacts30

hero member

Activity: 1540

Merit: 500

Obviously. Once they have fully implemented Libra all exchanges that partners with them will use Facebook as one more to way to login on their website. It's difficult to say how many people will use it but I definitely see it coming in the near future.

tsaroz

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I guess soon we'll have no options. Either be fully regulated or be labelled a criminal. The coins that satisfies the interest of authorities would be tradeable and the one don't would be considered illegal. Soon they'll make KYC a compulsion for trade on any platform.

carrigan

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Activity: 728

Merit: 12

It is also possible that this will happen. If they really need to use Facebook to log in, chances are I will prepare a new Facebook account at this time. The risk of using a genuine account is very large. But I'm sure that is not the main way to log in button. remains an alternative,

fudster

sr. member

Activity: 1190

Merit: 255

Quote from: olamidey on July 14, 2019, 09:33:33 AM

Quote from: fudster on July 03, 2019, 09:26:39 AM

By next year we shall see the result of the Libra development and if its going to be a successful launch, do you think one day we shall see a facebook login button on exchanges like binance? Would you login to it? Grin

I have seen this on websites like medium.com. Worse is taht not only binance but also kraken and bittrex Grin

This sounds really crazy. Login inwith your Facebook details???. Bit just a random website but a trading and Exchange platform with so much security lapses in play, it will be a great disaster of hacked or Facebook changes interface or security details. I feels it's not ideal nor the best. Facebook logins can't even be used for kyc or verification as most people don't use their major detay. With way, authentication will also be needed.

That is for now. But what about after Libra. Who knows what these exchanges will ask from us.
Facebook had been watching all the crypto users using facebook to promote projects from Casino to ICO sites, I bet all are there including the exchanges we've signed up. All the adoption we dream of has some negative side along with it.

olamidey

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Quote from: fudster on July 03, 2019, 09:26:39 AM

By next year we shall see the result of the Libra development and if its going to be a successful launch, do you think one day we shall see a facebook login button on exchanges like binance? Would you login to it? Grin

I have seen this on websites like medium.com. Worse is taht not only binance but also kraken and bittrex Grin

This sounds really crazy. Login inwith your Facebook details???. Bit just a random website but a trading and Exchange platform with so much security lapses in play, it will be a great disaster of hacked or Facebook changes interface or security details. I feels it's not ideal nor the best. Facebook logins can't even be used for kyc or verification as most people don't use their major detay. With way, authentication will also be needed.

aioc

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Activity: 2926

Merit: 567

Quote from: fudster on July 03, 2019, 09:26:39 AM

By next year we shall see the result of the Libra development and if its going to be a successful launch, do you think one day we shall see a facebook login button on exchanges like binance? Would you login to it? Grin

I have seen this on websites like medium.com. Worse is taht not only binance but also kraken and bittrex Grin

You can use another way to sign up that's not the only option but I hope they will not install something like that, it's our funds, of course, we need a good authentication to log in and facebook login cannot be considered safe as a login tool.

mirakal

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Activity: 3108

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Leading Crypto Sports Betting & Casino Platform

I would prefer not to log in with my facebook on exchanges but if it does help easily to get my account verified especially when the law are more strict in the future, then I would do so as that would improve my verification as an owner of an account.

I have log in in my local exchange with my facebook currently and so far I have not encounter any problem, though there is a risk but the fact that they know my identity since my local exchange does not allow users to use the site when it's not fully verified, then there's no different if I will access with my facebook. But this defends on how a user sees the risk and I think it's not compulsory on the exchange side or other platform that might give an option like the above mentioned.

Lan75

copper member

Activity: 363

Merit: 9

I don't think a log-in through Facebook is necessary as it's already some sort of a KYC. There are users who choose to remain anonymous and don't want to do that, but i think with the entry of Libra in the community things will change and i just hope that it's not one of them.

Red-Apple

hero member

Activity: 1470

Merit: 655

by the time that happens we may have already seen the decentralized exchanges grow a lot more specially with the popularity of lightning network and atomic swaps increasing we are getting one step closer to that target.
also as the centralized exchanges get worse every day and betray the privacy they become less popular by their own doing.

Dreamchaser21

full member

Activity: 686

Merit: 108

It can only happen if you allow any exchanges to connect with your facebook account. Well, we already lose our personal details and I don’t think we are still safe since we used Facebook ever since, Libra coin should not fully connect with Facebook because the trust issues can appear because of Facebook.

Rengga Jati

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Activity: 1932

Merit: 622

All that might depend on the development of the Libra and its platform. Even if there is a login button in the form of Facebook in the exchange, I am sure if it is only one alternative, it is not a mandatory use. Of course, this is possible, but let's see how it will progress in the future.

bartolo

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Activity: 1176

Merit: 501

That will not happen, it would be a too insecure way to access an exchange account, hacking a social media account is very easy and frequent, any attacker who were able to hack a Facebook account could access the exchange account of that user and do whatever he wanted, it would be a mess.

Topic: Exchange asking to Login thru Facebook - page 6. (Read 6883 times)