To protect your funds, Binance has implemented several measures to keep you safe from financial fraud. The first verification is to confirm your email, and the second is your wallet recovery phrases in case you change your phone, or it gets stolen or lost without your knowledge. We warn you to create a phishing code and keep your wallet recovery phrases on paper and not store them on your phone or take a screenshot and leave it on your phone, as losing your recovery phrases or forgetting your PASSKEY will result in the permanent loss of your funds.