Original source: Binance
According to a large-scale user survey conducted by Binance, over 80% of respondents have enabled two-factor authentication (2FA), and 84% of respondents express trust in protective mechanisms such as the Binance Investor Protection Fund (SAFU), demonstrating a significant increase in users' security awareness and gradually enhancing confidence in protection systems led by trading platforms.
The questionnaire, titled 'Asian Crypto Security Survey', collected a total of 29,847 valid responses from users in Southeast Asia, South Asia, and East Asia, making it one of the most comprehensive regional observations to date. The survey delves into how users in the region perceive and practice security measures, as well as how trading platforms and the industry can further support users through tools, education, and proactive protection mechanisms.
From 'awareness' to 'action': security habits are changing
Survey data shows that 47.2% of respondents are high-frequency traders, using cryptocurrency trading platforms multiple times a day. Notably, nearly 30% of respondents entered the crypto market only in the past six months, reflecting the rapid growth of the Asian market.
Although the user base is rapidly expanding, the survey also reveals a noticeable disparity in security behaviors: while most users possess basic protection awareness, the adoption of advanced protective mechanisms remains insufficient:
· 80.5% of respondents have enabled 2FA, indicating good awareness of basic security measures.
· Only 17.6% of respondents have enabled address whitelisting mechanisms, and 21.5% of respondents use anti-phishing verification codes.
· Additionally, 34.4% of respondents store private keys on connected devices, with this proportion even reaching 42% in Southeast Asia. These behaviors highlight the importance of ongoing education and practical tools in simplifying the security protection process.
· Fortunately, 73.3% of users recheck the recipient address before transferring funds, demonstrating a high level of risk management awareness in users' daily operations.
Overall, the survey shows that ongoing education is crucial for encouraging users to confidently adopt higher levels of security measures.
Users are more proactive, and trust in trading platforms is simultaneously increasing
The survey indicates that although 40.7% of respondents have encountered crypto-related scams, the majority exhibit greater resilience:
· More than half of respondents (53.4%) indicated that if they encounter a scam, they would immediately contact the trading platform to freeze their assets, demonstrating basic preparedness and trust in the platform's responsiveness.
· Additionally, 84% of respondents indicated that they trust protective mechanisms such as the Binance Investor Protection Fund (SAFU).
Although common scam methods such as phishing links (69.5%), false insider information (54.9%), and fake airdrops (52%) continue to emerge, the survey results show that more and more users are able to recognize potential risk signals, becoming more rational, proactive, and willing to use the security mechanisms provided by the platform.
From passive to proactive: users have higher expectations for the security of trading platforms
The survey results indicate that users' expectations have clearly shifted—from passive protection in the past to real-time, intelligent threat management. Users increasingly hope that trading platforms can proactively identify, prevent, and mitigate potential threats, responding promptly before losses occur.
· 62.5% of respondents listed 'real-time threat interception' as their top security need, demonstrating a strong demand for automated defense and early warning systems.
· 50.4% of respondents hope that trading platforms will have device-level threat detection capabilities, such as identifying malware and alerting when devices are compromised.
· Nearly half of respondents support the establishment of a suspicious address database and the introduction of biometric authentication to enhance identity protection.
This trend reflects a shift in user mentality: trading platforms are no longer just asset trading platforms; users expect industry leaders like Binance to set new standards, especially in creating intelligent and intuitive security systems.
Users value private key protection the most, and Binance enhances wallet security with MPC technology.
In decentralized wallets, users place the highest value on features that provide stronger control and intelligent threat detection. The survey shows that wallets are not only tools for storing assets but also a key line of defense for safeguarding asset security:
· 62.8% of respondents listed strengthening private key protection as their most anticipated wallet feature—highlighting a strong demand for intuitive and secure self-custody tools.
· 50.4% of respondents hope that wallets will provide more comprehensive backup and recovery options to enhance their sense of security and asset control.
· Over 40% of respondents support the integration of proactive fraud detection tools, such as phishing alerts, suspicious transaction monitoring, and hacker protection features.
Binance meets these user needs through the 'Binance Wallet', which plays an important role in the decentralized space. It uses MPC (Multi-Party Computation) technology to eliminate the need for mnemonic phrases and splits the private key into three encrypted keys for separate management to enhance security.
Simple and localized education is key to bridging the security gap
Education remains the cornerstone of user security protection. The survey shows that users wish to access more practical and easily obtainable learning resources:
· 55.8% of respondents believe existing teaching materials are 'too technical and difficult to understand'
· 39.7% prefer to see localized real case analyses to enhance practical awareness
To promote anti-fraud education, it is also important to effectively understand the channels through which users most commonly encounter misleading or fraudulent information. In the Asia-Pacific region, common sources of scam information are concentrated on X (formerly Twitter, 57%) and Telegram (51.2%). However, there are slight differences in different market channels—in Southeast Asia, the main platform is Facebook (61.1%), while in India, WhatsApp is a key channel (42.5%).
61.3% of respondents expressed willingness to participate in 'anti-fraud simulation tests' led by trading platforms to enhance security awareness, especially when these tests incorporate rewards or gaming mechanisms, showing that users are not only willing to learn but eager to learn.
The Binance security team regularly publishes easy-to-understand articles that break down complex topics such as SMS scams (smishing) and phishing attacks, helping users bridge knowledge gaps while retaining all key details. Be sure to check out Binance's security column series to embark on a learning journey full of insights, helping you identify potential risks!
Binance: Comprehensive Strengthening of Security Protection
According to Chainalysis's 2025 'Crypto Crime Report', wallet addresses used for illegal activities received approximately $40.9 billion in crypto assets in 2024. Although this figure may rise further as more illegal addresses are identified, the proportion of illegal transaction amounts in overall on-chain activity has significantly decreased from 0.61% in 2023 to 0.14%, indicating that the proactive security measures commonly adopted by the industry are proving effective.
Binance continues to lead in the field of security and has increased its investment in platform security and compliance, allocating hundreds of millions of dollars to strengthen platform protection and build industry resilience.
Jimmy Su, Chief Security Officer of Binance, stated: 'Just in 2024, we successfully prevented over $4.2 billion in potential user losses, assisted in recovering $88 million in stolen or lost assets, and protected over 2.8 million users from malicious attacks.'
‘As the industry continues to evolve, attackers' tactics are also changing. We are heavily investing in localized, practical, and easy-to-understand anti-fraud education that meets user needs; simultaneously, we are accelerating the deployment of real-time risk detection systems and closely cooperating with regulatory bodies and law enforcement across Asia to better protect user assets.’
This article is from a submission and does not represent the views of BlockBeats