I'm sure you've heard the news that Binance is one of the most popular exchanges in the world. And with good reason: it has a ton of features, including an impressive selection of cryptocurrencies and tokens, high liquidity, low fees and fast transaction times. But what about security? Does this mean you should worry about your account being hacked or someone stealing your cryptocurrency? Not necessarily! Here are some tips and tricks for securing your Binance account:
Create a Strong Password for Your Binance Account
Making sure you're using a strong password is the first step in protecting your Binance account. A password that combines letters, numbers, and symbols is considered to be strong. Because of this, it's more difficult for hackers to guess and simpler for you to remember.
How to make a strong password:
Use an online password generator, such as LastPass or 1Password, to create unique passwords for each website you visit (e.g., Facebook). This prevents someone who gains access to one of your accounts-say, through a breach into their email account-from using the same login information on all other websites to which they have access (e.g., Twitter).
Don't share any details about this process with anyone else; otherwise, they'll know exactly what steps are being taken by whoever stole their information from them in order to not compromise themselves further down the line.
Don't Use a Phishing Site
One of the best ways to avoid phishing sites is by only using the official Binance website. Phishing sites look like the real thing, but they're designed to steal your login information and use it to access your funds.
If you're worried about a link looking suspicious or if it doesn't feel right when you click on an email or SMS message asking for personal details, don't open it!
Avoid Opening Malicious Files in Emails
You should constantly be on the alert for harmful links and files when it comes to email. In fact, emails with malicious links or attachments are one of the most popular ways that phishing scams are deployed.
Never click on a link in an email if it makes you uneasy. Instead, move your mouse pointer over the link until a green warning icon shows up in the bottom right corner of your screen. If this occurs, there is no need to be alarmed-just wait to click!
If an attachment looks suspiciously like something else (like a PDF), open up another window by pressing Command+N or Ctrl+N depending on which platform or operating system you're using (Linux users can use N). Then drag and drop any .zip file into this new window so that we can see what type of file it actually is before opening anything from them.
Use Two-Factor Authentication
In order to access your Binance account, you must need two different forms of identity, or two-factor authentication (2FA). It adds an additional layer of security that makes it more difficult for hackers to access your account, which can be helpful if you keep cryptocurrency on Binance.
Making a Google Authenticator or Authy app is the first step in configuring two-factor authentication on Binance. Then, you'll need to download this software on your computer or phone and connect it to the apps linked to each device where you log in (e.g., desktop browser).
Enable SMS Authentication
SMS authentication is a free two-factor authentication method. It can be used to log in to your Binance account, but it's not as secure as other methods like Google Authenticator or Google 2FA Backup Codes.
The good news: SMS is easy and simple to set up. Just go to your settings page and click on "Profile Settings." Then scroll down until you see "Two-Factor Authentication." Click on that, select "Enable" from the dropdown menu, enter your phone number into the field labelled "Phone Number," and then click Save Changes once done!
How to Enable Google Authenticator and Google 2FA Backup Codes
Google Authenticator is a two-factor authentication (2FA) tool that uses an app on your phone to generate codes that are then sent to Binance. So, if you want to access Binance from US or any other country where Binance is allowed then visit your Binance account and click on "Security" in the navigation bar on top of the page:
On the next page, you'll see an option called "Google Authentication". Clicking this will open up a pop-up window with instructions for adding two-step verification through Google Authenticator or another third party service such as Facebook or Twitter!
Once you've done so (or if you already have), go back out into the main settings page and scroll down until you see "Authy App" under security options; click here to set up backup codes if needed-they're helpful in case something goes wrong with one's primary code.
Keep Your Account Information Private and Secure
Your account information should be kept secure and private. Don't tell anyone your password or 2FA because they are both private information.
Keep your passwords out of plain sight by not saving them in text files on your computer, phone, or other devices. Even with all these security measures in place, if a device is lost or stolen, it may be challenging to retrieve the accounts without outside help from law enforcement agencies with expertise in this area, especially if there is proof that someone else has access to those details.
Conclusion
I am sure that by reading this post, you will have a better understanding of how to protect yourself from hackers and phishing sites. There are many other ways that I could go into detail about but these are some of the most common methods used by hackers today. Hopefully my tips and tricks will help you implement them in order for your Binance account safety!
