ksa

<t-33/>#الريال #السعودي
Digital Riyal: The Future of the Saudi Economy in the Digital Age

introduction

In light of the rapid digital transformations witnessed by the world, digital currencies have become a major trend that many countries seek to adopt. In this context, the Kingdom of Saudi Arabia is working to launch the “digital riyal” as a strategic step to enhance the digital economy and achieve Vision 2030, which aims to diversify the economy and reduce reliance on paper money.

With the growing popularity of Bitcoin and other cryptocurrencies in Saudi Arabia, many are looking for the best and safest ways to sell Bitcoin. Whether you are a beginner or an experienced investor, this guide will walk you through the process of selling Bitcoin in Saudi Arabia using Binance, one of the most trusted cryptocurrency exchanges in the world. Follow these steps to complete the transaction easily, from choosing your preferred method of sale to withdrawing funds.

Introduction
As the adoption of cryptocurrencies grows in Saudi Arabia and worldwide, so do the risks associated with cyber threats and hacking attempts. Whether you are a seasoned trader or a beginner in the crypto space, protecting your assets from hackers is crucial. Binance, one of the world’s leading cryptocurrency exchanges, provides numerous security features to help users safeguard their funds.
In this article, we will discuss six essential steps to secure your Binance account and keep your crypto investments safe. These security measures include enabling Two-Factor Authentication (2FA), verifying your identity, storing assets in secure wallets, and adopting best practices to prevent unauthorized access.
1. Enable Two-Factor Authentication (2FA)
Two-Factor Authentication (2FA) is one of the most effective ways to secure your Binance account. It adds an extra layer of protection by requiring a second verification step whenever you log in, withdraw funds, or make security-related changes.
How to Set Up 2FA on Binance?
1.       Go to your Binance account settings (https://www.binance.com/en/my/security).
2.       Choose a 2FA method – Binance supports both Google Authenticator and SMS Authentication.
3.       Follow the setup process and securely store your backup codes.
Security Tip:
·         Avoid using SMS-based 2FA whenever possible, as SIM-swapping attacks can compromise your account.
·         Use Google Authenticator or Binance Authenticator for a safer 2FA method.
2. Verify Your Account with KYC (Know Your Customer)
Verifying your identity through KYC (Know Your Customer) on Binance significantly enhances your account security. Unverified accounts are more vulnerable to cyber threats, phishing scams, and unauthorized access.
Benefits of KYC Verification:
·         Protects your account from fraud and impersonation.
·         Allows you to recover your account in case of hacking attempts.
·         Enables higher withdrawal limits and access to additional security features.
How to Verify Your Identity on Binance?
1.       Log in to your Binance account (https://www.binance.com/en/login).
2.       Go to "User Center" → "Identification" (https://www.binance.com/en/my/settings/profile).
3.       Submit your personal information (passport, national ID, or residence permit).
4.       Complete facial recognition verification.
Security Tip:
Always enable anti-phishing codes in your Binance settings to protect yourself from phishing scams that attempt to steal your login credentials (https://www.binance.com/en/my/security).
3. Store Your Crypto in a Secure Wallet
While Binance provides excellent security measures, it is always recommended to store long-term investments in non-custodial wallets instead of keeping all your funds on the exchange.
Types of Crypto Wallets:
·         Hot Wallets (Online) – Mobile wallets, browser extensions, and desktop apps like Trust Wallet (https://trustwallet.com) and MetaMask (https://metamask.io).
·         Cold Wallets (Offline) – Hardware wallets like Ledger (https://www.ledger.com) and Trezor (https://trezor.io) that provide the highest level of security.
Why Use a Cold Wallet?
·         Immune to online hacking attempts since it remains offline.
·         Prevents unauthorized access even if your exchange account is compromised.
·         Best for storing large amounts of crypto for long-term holding.
Security Tip:
Never share your wallet’s private keys or seed phrase with anyone. Store them offline in a secure location such as a password-protected USB drive or a written backup in a safe.
4. Be Aware of Phishing Scams
Phishing scams are one of the most common ways hackers steal login credentials and crypto assets. These scams typically involve fake websites, fraudulent emails, or malicious links that trick users into entering their Binance credentials.
How to Avoid Phishing Attacks?
·         Never click on suspicious links or attachments from unknown emails.
·         Always verify Binance’s official website URL before logging in: https://www.binance.com.
·         Use Binance’s Anti-Phishing Code to distinguish real emails from fake ones (https://www.binance.com/en/my/security).
Security Tip:
·         Bookmark the official Binance website to prevent visiting scam sites.
·         Double-check sender addresses before clicking on any Binance-related email links.
5. Use Strong and Unique Passwords
A weak password is one of the biggest security risks for any Binance account. Always use a strong, unique password that cannot be easily guessed.
Best Practices for Creating a Secure Password:
·         Use at least 12-16 characters with a mix of uppercase, lowercase, numbers, and special symbols.
·         Avoid using personal information (birthdays, names, or simple patterns like "123456").
·         Use a password manager to generate and store complex passwords securely (https://1password.com) or (https://www.lastpass.com).
Security Tip:
Change your Binance password regularly and enable withdrawal whitelist protection, which restricts withdrawals only to trusted addresses (https://www.binance.com/en/my/security).
6. Monitor Your Account Activity Regularly
Keeping track of your Binance account’s activity is crucial to detecting unauthorized access early.
How to Monitor Your Binance Account?
·         Check login history for any suspicious login attempts (https://www.binance.com/en/my/security).
·         Enable security notifications to receive alerts for unusual activity.
·         Review connected devices and remove any unknown logins (https://www.binance.com/en/my/security).
Security Tip:
If you notice any unauthorized activity, immediately change your password and contact Binance support for further assistance (https://www.binance.com/en/support).
Conclusion
Securing your Binance account and protecting your crypto assets should be a top priority for all investors in Saudi Arabia. By implementing strong security measures such as enabling 2FA, verifying your identity, using secure wallets, avoiding phishing scams, setting strong passwords, and monitoring your account activity, you can significantly reduce the risk of hacking and theft.
In the fast-evolving world of cryptocurrencies, staying proactive with security is the key to keeping your investments safe. Take these precautions today and trade with confidence on Binance!
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As always, it is important to conduct your own research and consider your risk tolerance before making any investment decisions. Stay informed by checking the latest prices and market trends on Binance and consider taking advantage of the current market conditions to strengthen your crypto portfolio.
Written by: Dr. Moh’d al Hemairy @AlhemairyM
#bitcoin #UAE #KSA #SaudiArabia