#binancescam #savecrypto #Security $

The cryptocurrency market continues to grow rapidly, and the number of users of cryptocurrency exchanges such as Binance is increasing every year. However, as the popularity of cryptocurrencies increases, so do security risks. Fraud, hacking of accounts and loss of assets have become a serious problem for many users. In this article, we will look at how to protect your assets on Binance from possible threats and risks.

1. Two-factor authentication (2FA)

One of the most effective ways to protect your Binance account is to use two-factor authentication (2FA). This is an extra layer of security that requires you to verify your identity not only through your password, but also through an additional code sent to your phone or generated by an app like Google Authenticator or Authy.

How to set up 2FA on Binance:

  1. Log in to your Binance account.

  2. Go to your account settings (profile) and find the security section.

  3. Select the option to activate two-factor authentication and follow the instructions to connect Google Authenticator or another app.

  4. Write down a backup code in case you lose access to the 2FA app.

Using 2FA significantly reduces the likelihood of unauthorized access to your account, even if someone gets your password.

2. Using cold wallets

It is not recommended to store large amounts of cryptocurrency on an exchange, even if it has a high level of security. The exchange can become a target for hackers, and although Binance has a loss insurance system, it is better not to take risks.

Cold wallets (hardware wallets) are physical devices that store your cryptocurrencies offline, making them less vulnerable to hacking and hacker attacks.

Some of the most popular cold wallets include:

  • Ledger Nano X або Ledger Nano S

  • Trezor Model T

  • KeepKey

Storing assets in a cold wallet gives you full control over your cryptocurrencies, and they are not susceptible to online attacks.

3. Anti-Phishing feature

One of the most common threats to cryptocurrency exchange users is phishing attacks. Scammers try to get your login details by using fake websites or emails that look like official messages from Binance.

How to protect yourself from phishing:

  • Make sure you always enter your details only on the official Binance website (https://www.binance.com).

  • Use the anti-phishing feature available in your Binance account settings to help you check if your credentials have been used for suspicious logins.

  • Be careful with emails and messages from Binance, as they never ask for passwords or other confidential information via email.

4. Control your API keys

An API (Application Programming Interface) allows other programs or services to interact with your Binance account. For example, you can use the API to automate trading through third-party platforms.

However, if you don't configure your API keys properly, they can become vulnerable to attackers. To ensure the security of your API keys, follow these guidelines:

  • Do not share API keys with third parties.

  • Disable all unnecessary permissions for your API keys, such as access to withdrawals.

  • Use IP address access restrictions to restrict API key usage to specific devices only.

5. Activity monitoring and notifications

Binance allows you to set up notifications for any changes to your account — including logins from a new device, password changes, and other important events. This will help you react quickly if you notice suspicious activity.

To set up notifications:

  1. Go to account settings.

  2. In the "Security" section, select the "Notifications" option.

  3. Select the types of notifications you want to receive via email or mobile app.