Safe trading on Binance is a set of measures and practices that help minimize the risks of losing funds and protect your account from hacking. Here are the main recommendations for safe trading on Binance:
Use two-factor authentication (2FA)
Enable 2FA (for example, Google Authenticator or SMS) for logging into your account and confirming transactions. This significantly enhances security.
Create a complex and unique password
The password should be long, contain letters of different cases, numbers, and special characters. Do not use the same password on different sites.
Be careful of phishing
Always check the URL of the Binance site (https://www.binance.com). Do not click on suspicious links from emails or messages. Never enter your account information on third-party sites.
Use cold wallets to store large sums
For long-term storage of cryptocurrency, it is better to use hardware wallets (Ledger, Trezor) or other cold storage rather than keeping all funds on the exchange.
Regularly update your software
Update your browser, antivirus, and operating system to protect against vulnerabilities.
Limit API key access
If you use the API for trading, give the keys only the necessary permissions and restrict IP addresses.
Stay updated with news and updates from Binance
Sometimes the exchange introduces new security features or warns about scammers.
Do not let emotions take over while trading
Trading cryptocurrencies is associated with high volatility. Use risk management strategies: set stop-losses, do not invest more than you are willing to lose.
Check addresses when withdrawing funds
Always carefully check wallet addresses when sending cryptocurrency - mistakes can lead to irreversible loss of funds.
Use the official Binance mobile app for convenience and security. It is better to use the official app from Google Play or the App Store.
If you follow these recommendations, you will significantly reduce risks while trading on Binance and ensure the safety of your funds.
