#safeWallet

How to Avoid Asset Freezing on Binance

♦️part 1

Here's a practical guide on how to avoid asset freezing on Binance:

1. Complete KYC Verification

Binance requires users to complete Know Your Customer (KYC) verification. Failing to do so can limit your account functionality and may trigger freezes during suspicious activities.

Submit accurate information.

Use your real name and legal identification documents.

Update your information if it changes

2. Respect Binance's Terms of Service

Violating Binance's rules, such as engaging in prohibited activities (money laundering, fraud, phishing), can lead to immediate freezing.

Stay updated on Binance's terms and regional compliance updates.

Avoid using your account for activities outside legal or allowed use cases

3. Secure Your Account Properly

Compromised accounts are often frozen for security purposes.

Enable Two-Factor Authentication (2FA). Use Google Authenticator or a hardware key.

Use a strong, unique password.

Change it regularly.

Be cautious of phishing sites and emails. Always check you are on the official Binance website

4. Avoid Large Unexplained Transactions

Sudden deposits or withdrawals of large sums, especially from anonymous sources, may trigger Binance's anti-money laundering (AML) alarms.

Break large transactions into smaller, logical steps if possible.

Always maintain a trail or explanation for the source of your funds

5. Don't Use VPNs to Spoof Your Location

Binance may freeze accounts that consistently log in from suspicious or banned locations.

Use your real location.

If you must use a VPN for security, ensure it's stable and doesn't jump across multiple countries