It's a shared commitment to keeping your crypto protected. While Binance maintains a massive insurance fund now valued at approximately $1 billion and recently rebalanced into Bitcoin (as of early 2026) your personal security habits are the first line of defense.
Here is a quick guide to keeping your account locked down:
🛡️ Core Security Checklist
Enable 2FA (Two-Factor Authentication): Don't rely solely on passwords. Use the Binance Authenticator, Google Authenticator, or a physical hardware key (like YubiKey).
Set an Anti-Phishing Code: This unique code will appear in every official Binance email, helping you instantly spot fake emails from scammers.
Use Withdrawal Whitelisting: This restricts withdrawals only to addresses you’ve pre-approved, preventing funds from being drained to a stranger's wallet even if your account is compromised.
Secure Your Devices: Avoid using public Wi-Fi for trading. Keep your phone and computer OS updated to patch the latest security vulnerabilities.
⚠️ Scams to Watch Out for in 2026
Fake Support: Remember, Binance will NEVER DM you first on Telegram, WhatsApp, or X (Twitter) asking for your password or 2FA codes.
"Dusting" Attacks: If you see a tiny amount of a random, unknown token in your wallet, don't try to swap or "unlock" it on a suspicious website—this can give hackers access to your wallet.
AI-Generated Phishing: Be wary of high-quality "deepfake" videos of crypto influencers or Binance staff promising "guaranteed returns" or "doubling your money."
🧊 Pro Tip: Cold Storage
For the crypto you plan to hold long-term, consider moving it from the exchange to a hardware wallet. This gives you total control over your private keys, keeping them offline and away from digital threats.