Key Insights

  • Crypto investment is one of the best ways to make income in the world today.

  • However, this form of investment comes with its own set of risks and challenges, especially with security.

  • Binance users in India should consider putting measures in place, like enabling 2FA, verifying their account, using secure wallets, and setting up anti-phishing codes.

  • Taking these precautions is one of the many steps to staying safe and keeping assets secure.


Crypto has become one of the most popular investment opportunities in recent times.

However, as lucrative as crypto can be, it does come with its own sets of risks, especially when it comes to security.

If you’re a Binance user in India, here are some of the best steps to take when it comes to protecting your assets from hackers.

1. Enable Two-Factor Authentication (2FA)

One of the best ways to secure your Binance account is through Two-Factor Authentication (also known as 2FA). 

This form of security adds an extra layer of protection for your assets by requiring you (or anyone else attempting to access them) to provide a second form of verification.

After entering your password, you’ll need to provide a one-time code from an authenticator app like Google Authenticator or Authy. 

In essence, even if a hacker somehow got your password, it would be impossible to steal any crypto without getting your phone as well.

How to Enable 2FA on Binance?

  • Go to your Binance account settings.

  • Select ‘Security’ and click on ‘2FA.’

  • Choose either Google Authenticator or SMS authentication.

Follow the instructions and store the backup code in a safe place.

One side note to remember is that SMS-based 2FA is nowhere near as secure as an authenticator app.

This is because hackers sometimes use a special kind of exploit known as a “SIM-swapping attack." Choose Google Authenticator or Authy instead.

2. Verify Your Account (KYC)

This is one of the first lines of defense against hackers. Verifying your account through Binance's Know Your Customer (KYC) process is another important step to protecting yourself.

It also helps to protect your account with additional features like increased withdrawal limits and much more.

Verified accounts are less likely to be targeted by hackers because it becomes easier for Binance to easily identify suspicious activity, like geographical differences, shady behavioral patterns, and so on.

It is also much easier to recover verified accounts. 

How to Verify Your Account?

  • Click on the wallet icon on the top navigation of the Binance homepage.

  • Select'verification’ and follow the next steps.

  • You might need to provide an Aadhaar card, an ID card, or a selfie.

Also, make sure to use a strong and unique password 

Note: Make sure to use a strong, unique password that you don’t use for other online accounts.

3. Store Your Crypto in a Secure Wallet

Binance is generally safe. However, it is always better to store your long-term crypto bags elsewhere rather than leaving them on the exchange.

Consider choosing between:

  1. Hardware Wallets like Ledger or Trezor store your private keys offline. This makes them practically immune to hacking.

  2. Software wallets like Trust Wallet are more convenient but slightly less secure compared to hardware wallets.

Exchanges are one of the biggest targets for hackers. This means that you can reduce the risk of being hacked significantly by moving crypto to a different wallet.

4. Monitor Account Activity and Enable Withdrawal Whitelist

Staying ahead of threats includes leaving no stone unturned. Binance provides a great way to regularly check your account activity.

This includes logins, account actions, withdrawals, and deposits, among other things.

When you check your account activity, keep an eye out for:

  • Strange logins from strange locations.

  • Unexpected withdrawals or trading activity.

The moment you notice these signs, move your crypto elsewhere and contact Binance support.

Another way of keeping your account safe is by enabling a withdrawal whitelist.

This feature limits withdrawal privileges to pre-approved addresses. In essence, even if hackers somehow gained access to your accounts, their wallet addresses would be useless when it comes to draining your funds.

Here’s how to enable a withdrawal whitelist:

  • Go to settings on the Binance homepage.


  • Scroll down and find the “Withdrawal” section.


    • Enable “withdrawal Whitelist” and follow the steps.

    Remember to always double-check wallet addresses before making any withdrawals. While withdrawal whitelists are a great line of defense, hackers have ways of altering copied addresses to their own and having you send them funds.

    Crypto security is very important, especially when using centralized platforms like Binance.

    However, by enabling 2FA, verifying your account, using secure wallets, setting up anti-phishing codes, and monitoring account activity—you can be on the safe side and significantly reduce the risks of getting hacked.

    Remember to stay vigilant and keep your security settings up to date.

    Always be cautious of phishing attempts, and make sure to be alert at all times. With the right precautions in place, you can safely enjoy the benefits of investing and trading crypto on Binance.