We fully updated this article in January 2026 to reflect Binance’s latest security tooling, custody architecture, and real-world risk profile. This refresh adds a clearer methodology section (how we assess exchange safety), an updated incident timeline, and a sharper breakdown of the risks that actually cause losses (custody tradeoffs, account takeovers, and jurisdiction-based access changes). We also expanded the practical guidance with a step-by-step Binance Security Checklist, updated account hardening advice (including passkeys/security keys, withdrawal whitelisting, and API restrictions), and refreshed comparisons against major competitors with a focus on what protections matter in practice, not just marketing claims.$ETH
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