When a new token launches on Binance or any other major exchange, there may be a temptation to jump in immediately. However, making informed decisions is key to avoiding unnecessary risks and losses. Follow this step-by-step strategy to evaluate the coin before you decide to trade or invest:

Introduction

Security is a top priority at Binance. While we do everything to keep your account secure, you also have the power to greatly increase the security of your Binance account. 

In this article, we describe a few simple steps that you can take to secure your account, along with general good habits that you should keep in mind. Just like you, it’s in our interest to keep your account safe. The blockchain industry is growing fast, so creating a more secure environment will benefit us all.

So what are the steps you can take to increase the security of your Binance account?

1. Use a strong password and change it regularly

This may sound quite obvious, but it’s an essential step for securing your Binance account. You should use strong and unique passwords for every one of your accounts on the Internet. This is especially true for those that hold value – like your cryptocurrency exchange account. Ideally, these passwords should be more than eight characters long, containing both uppercase and lowercase letters, numbers, and special characters.

One of the best ways to generate, manage, and store secure passwords are password managers. This way, you can hold and manage your different passwords in a secure and convenient way, all in the same place. Most password managers will employ sophisticated encryption mechanisms to provide an additional layer of protection. Be sure to only use trusted password manager software, and of course, create a strong master password.

Having a strong password is an excellent first step, but it doesn’t mean you’re set forever. It’s also good practice to change your passwords regularly, as attackers may have ways to obtain your passwords regardless. This is not only true for your Binance account, but also your email associated with your Binance account. 

While we’re at your email, here’s another point to consider – it’s beneficial to use different email addresses for different accounts. This way, you can mitigate some of the potentially detrimental effects of data breaches. Especially if you’re using an old email account, there’s a high chance that it has been part of a breach in the past. However, if you’re using dedicated email addresses for each service, there’s a smaller chance that a breach will affect multiple of your accounts. The website Have I Been Pwned is a great resource to check if any of your accounts were ever the victim of a data breach.

Please note that once you change the password of your Binance account, you won’t be able to withdraw funds in the following 24 hours. This is to prevent potential attackers from locking you out of your account while withdrawing your funds.

2. Enable Two-Factor Authentication (2FA)

Activating Two-Factor Authentication (2FA) should be among the first things you do after creating a Binance account. Binance supports two types of 2FA: SMS and Google Authentication. Out of these two, we recommend Google Authenticator. Just make sure to write down your reset key in case you need to transfer your 2FA codes to a new mobile phone.

While SMS authentication may be easier to use, it’s deemed less secure than Google Authenticator. SIM swapping is a real threat, and some high profile accounts have been a victim of this technique. In 2019, Twitter CEO Jack Dorsey was hacked with this method, leaving attackers free reign over his Twitter account with millions of followers.

These aren’t the only ways to secure your account with 2FA. We’ll shortly discuss another method called Universal 2nd Factor (U2F) authentication. It involves a secure hardware device that protects your account. And good news, Binance supports that too!

3. Check the list of devices authorized to access your account

You can check the devices that are authorized to access your Binance account in the Device Management tab. When using the Binance app, you can find this tab under the “Account” tab. 

If you see any devices you don’t recognize or don’t use anymore, remove them. Once you remove a device, it won’t be able to access your account again, unless you re-allow it through an email confirmation. As we’ve discussed earlier, this is why the security of your email account is also of paramount importance.

You can also check account activity, that is, what IP address was your account accessed from and when. If you see anything suspicious, immediately disable your account. This will suspend trading and withdrawals, delete all your API keys, and remove all devices that can access your account.

4. Manage your withdrawal addresses

Your Binance account has a security feature called Address Management. It allows you to limit the wallet addresses that you can withdraw funds to. If you turn this on, each newly added address will require an email confirmation to be added to the whitelist.

To reiterate, this is why keeping your email account secure is so critical! It’s the foundation of your online security.

Can’t decide what crypto wallet to withdraw your funds to? You could try out Trust Wallet, it’s an excellent choice if you’re looking for a secure software wallet for your mobile phone. You could also invest in a hardware wallet to keep your private keys offline.

5. Learn about phishing

Phishing is a type of attack where a malicious actor tries to pose as someone else (for example, a business) to obtain your personal information. It’s one of the most common attacks out there, and you should be wary of it.

As a general rule of thumb, it’s best to only visit Binance from a saved bookmark instead of typing the address each time. If you haven’t already, feel free to bookmark the link right now: https://www.binance.com. With this simple step, you can already avoid a good chunk of the fake Binance websites that aim to trick you into getting access to your account information.

The Anti-Phishing Code feature allows you to set a unique code to be included in all your Binance notification emails. By enabling the Anti-Phishing code, you’ll be able to tell if the notification emails you’re receiving from Binance are genuine. If you’d like to learn more about how to use it, check out our Anti-Phishing Code Guide.

Would you like to learn about other ways to avoid phishing? Check out What is Phishing?. 

6. Follow API security guidelines

The Binance API is an excellent way for more advanced traders to maximize their experience with the Binance trading engine. The Binance API allows you to create custom trading strategies. 

However, using API keys brings some risks because you’re allowing your data to be shared with external applications. When you’re using the Binance API, you should consider restricting access based on IP address. This way, only the whitelisted IP addresses will be enabled. You should also consider changing your API keys regularly, and avoid giving your keys to external parties.

7. Use Universal 2nd Factor (U2F) Authentication

Binance supports U2F-compatible authenticators, such as the Yubico YubiKey. These devices will grant you access to your account only if they’re plugged in to your computer or paired wirelessly.

You could think of this device as similar to your Google Authenticator, but instead of a piece of software, it’s a piece of hardware. This means that accessing your account requires physical access to this hardware as well.

Closing Thoughts

Keeping your Binance account secure is an important consideration. We went through some of the simple steps you can take to protect your account and keep hackers from accessing your precious bitcoins and altcoins.

If you’d like to check your current security level, go to your Security dashboard. If you’re using the Binance app, go to the “Security” section of your “Account” tab.

If you’d like to learn more, check out our other articles on security-related topics!

🔶 Kaia: Bringing Web3 to Asia’s Fingertips
In a digital world increasingly driven by decentralized technology, Kaia is poised to revolutionize how people in Asia experience Web3. Formed through the merger of two powerful blockchains—Klaytn and Finschia—Kaia seeks to bridge the gap between Web2 and Web3 by offering an easy-to-use and high-performance public blockchain. But what makes Kaia so groundbreaking? How does it integrate into the daily lives of millions? Let’s break it down.
🔲 What is Kaia?
Kaia is a next-generation public blockchain designed to bring the decentralized Web3 experience to the fingertips of millions across Asia. Born from the merger of the Klaytn and Finschia blockchains, Kaia combines the strengths of these two projects to deliver a platform that integrates seamlessly with Asia's most popular messaging apps, KakaoTalk and LINE. These apps, which have a combined user base of over 250 million people, allow Kaia to tap into a massive audience—making Web3 accessible to people who might otherwise be hesitant to explore it.
At its core, Kaia is a high-performance blockchain that focuses on scalability, user experience, and accessibility. The blockchain’s design ensures that even those unfamiliar with the technical aspects of Web3 can still participate in decentralized applications (dApps), digital assets, and other Web3 experiences—all within the context of a superapp they already use.
🔲 How Did Kaia Come Into Existence?
The creation of Kaia is the result of the merger between Klaytn and Finschia, two blockchain projects that were independently developed by Kakao and LINE, two of Asia's largest tech companies. Klaytn was developed by Kakao, South Korea’s leading mobile messaging platform, while Finschia was introduced by LINE, the popular messaging app that is widely used in Japan, Taiwan, and other Southeast Asian markets.
By combining the strengths of Klaytn’s enterprise-focused blockchain and Finschia’s decentralized ecosystem, Kaia was born as a unified platform. This merger brings the technical advantages of both blockchains together, allowing Kaia to become the largest Web3 ecosystem in Asia.
🔲 What Makes Kaia Special?
Kaia’s most distinguishing feature is its seamless integration with KakaoTalk and LINE, two of the largest messaging apps in the region. These platforms already have massive user bases and are seen as superapps, meaning they offer a wide variety of services beyond messaging, including payments, news, entertainment, and social networking.
By incorporating Web3 capabilities directly into these superapps, Kaia provides users with an intuitive, low-barrier entry to the world of decentralized technologies. Whether it's sending crypto between friends, buying NFTs, or accessing decentralized finance (DeFi) applications, users can interact with Web3 without leaving their favorite apps. This is a game changer for users in Asia, where digital payments and mobile-first interactions are already the norm.
🔲 How Does Kaia Integrate with KakaoTalk and LINE?
The integration of Kaia with KakaoTalk and LINE enables a smooth, frictionless transition from Web2 to Web3. Both messaging apps boast rich user experiences, including payment services like KakaoPay and LINE Pay, and now they incorporate blockchain features directly within these environments.
For instance, users can easily create digital wallets, trade NFTs, participate in DeFi protocols, and explore other Web3 use cases without needing to download separate applications or grapple with complicated blockchain technology. This level of integration is crucial in making Web3 accessible to the mass market, especially in regions like Asia where mobile-first interactions dominate the digital landscape.
🔲 What Can Users Do on Kaia?
On Kaia, users can do a variety of things traditionally associated with Web3 technologies but in a way that feels natural and integrated with their daily digital activities. Some of the most notable features include:
Decentralized Finance (DeFi): Users can access decentralized lending, borrowing, and trading platforms directly through KakaoTalk or LINE, allowing them to manage and grow their digital assets with ease.NFT Marketplace: Kaia supports the creation, buying, and selling of NFTs. Artists and creators can showcase their work to a massive audience, while users can easily trade digital collectibles.Digital Wallets: Both KakaoTalk and LINE now support Kaia’s digital wallets, making it simple for users to manage their crypto assets and interact with Web3 dApps.Community Participation: Kaia’s decentralized ecosystem encourages users to engage in governance, participate in community-driven projects, and contribute to the platform’s growth.
🔲 Why Is Kaia Important for Web3 in Asia?
Asia is one of the most digitally connected regions in the world, with millions of people engaging in online commerce, social media, and mobile-first services daily. However, adoption of Web3 technologies has remained slow, primarily due to the complexity and unfamiliarity of decentralized platforms.
Kaia changes this by lowering the entry barriers and simplifying Web3 interactions, making it a critical player in the Web3 space in Asia. With over 250 million users already familiar with KakaoTalk and LINE, Kaia stands to bring Web3 technologies into the mainstream, driving adoption and innovation in the region.
🔲 Conclusion
Kaia’s ability to integrate Web3 into the everyday lives of users via KakaoTalk and LINE presents a significant opportunity for mass adoption of decentralized technologies. By merging the Klaytn and Finschia blockchains, Kaia combines the strengths of both projects, creating a high-performance ecosystem that is easy to use and built for scalability. As Asia’s largest Web3 ecosystem, Kaia is setting the stage for the next generation of digital interactions, empowering users to connect, create, collaborate, and contribute to the decentralized future.
@Kaia Chain
#RideTheKaiaWave