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The idea behind whitelisting addresses?

Binance

Cryptocoins Exchanges / Binance 224 Views

I recently updated my security settings to include withdrawing only to a whitelisted addresses. Today I was moving some Stellar out but didn't have any XLM address whitelisted. So I went and added one from the settings page. After this I could immediately use this address so what is the point of whitelisting addresses from a security point of view?

Yeah it asked 2FA codes when adding a new address and also when moving funds out but I thought there would be a 24h timeout before it could be used.

submitted by /u/redkoil
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