follow these essential steps to minimize the risk of hacking:
1. Keep Minimal Funds on Exchanges
Store the bulk of your funds in a cold wallet, like the Ledger Nano X. Exchanges, even major ones, can be hacked. As the saying goes, "Not Your Keys, Not Your Coins."
2. Strengthen Email Security
Use a dedicated email for your crypto accounts. Secure it with a strong password and enable two-factor authentication (2FA) to block unauthorized access through your email.
3. Backup Your 2FA Key
When setting up 2FA, write down the backup key on paper to recover access if needed. Consider using a physical security key, such as a Yubikey, for added protection.
4. Whitelist Withdrawal Addresses
Enable address whitelisting to ensure that withdrawals can only be made to trusted addresses. This adds an extra layer of protection if your account is compromised.
5. Enable an Anti-Phishing Code
Set up an Anti-Phishing Code to distinguish legitimate Binance emails from phishing attempts, ensuring that you interact with genuine communications.
6. Regularly Manage Devices
Periodically check and remove any unfamiliar devices linked to your account. This helps keep unauthorized users from accessing your account.
7. Secure Binance API Keys
If using Binance’s API, create keys only when necessary, and limit them to trusted platforms. Never grant withdrawal permissions and remove unused keys promptly.
By taking these steps, you can strengthen the security of your Binance account and keep your funds safe.
