Hereâs how to keep your Binance account secure and safeguard your funds from hackers:
1. Avoid Keeping Excess Funds on the Exchange Always transfer the majority of your crypto assets to a cold storage wallet, such as a Ledger Nano X. While exchanges offer convenience, they are prime targets for hacking, as seen in past incidents involving even the most reputable platforms. Remember, if you don't control the private keys, you don't truly own the coins.
2. Strengthen Your Email Security Use a dedicated email account strictly for crypto-related activities. Make sure it has a robust, unique password and is protected with two-factor authentication (2FA). This additional layer of protection can block unauthorized access attempts via your email.
3. Backup Your 2FA Key When you activate 2FA, be sure to store the backup key securely, preferably on paper. This is crucial in case your device is lost or compromised. For enhanced security, consider using a hardware security key like Yubikey for even stronger protection.
4. Activate Address Whitelisting Set up address whitelisting to restrict withdrawals to pre-approved addresses only. This prevents unauthorized withdrawals from your account, offering peace of mind if your account ever gets compromised.
5. Add an Anti-Phishing Code Enable an Anti-Phishing Code to verify that the emails you receive from Binance are legitimate. This simple feature helps you identify and avoid phishing attempts that could put your funds at risk.
6. Manage Devices Connected to Your Account Regularly review the devices connected to your Binance account. Remove any old or unrecognized devices to ensure no one else has access to your account or your funds.
7. Secure Your Binance API Keys If you're using Binanceâs API, follow these best practices:
Only create API keys when necessary.
Use them exclusively on trusted platforms.
Never grant deposit or withdrawal permissions.
Delete any unused API keys to minimize risks.
By taking these important precautions, youâll significantly reduce the likelihood of your account being compromised. Protect your assets and trade with confidence!
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