Binance Advises Users on Strengthening Crypto Security Amid Rising Threats

The crypto space continues to expand rapidly, offering exciting opportunities for investors and traders. At the same time, it remains a target for scammers who constantly develop new ways to exploit users. To help exchange users protect their accounts, Binance CEO Richard Teng shared a blog post from the Binance team on X, which outlines recent guidance focused on improving account security.

Protecting Accounts from Crypto Threats

According to Binance, scammers are constantly developing new tactics to take advantage of vulnerabilities in digital asset security, ranging from phishing attacks to clipper malware. Even a single misstep, such as clicking a malicious link, can result in the loss of funds.

To address these threats, Binance has outlined four main methods for strengthening account protection: authenticator apps, passkeys, security keys, and multi-validator verification. Each method adds an additional layer of security to safeguard user accounts against unauthorized access.

Binance Recommendations for Securing Accounts

Authenticator applications are one of the primary ways to protect an account. Binance recommends both Google Authenticator and Binance Authenticator. These tools provide an additional login layer by generating time-sensitive codes, ensuring that a password alone is not enough to access an account. Google Authenticator produces codes that refresh every 30 seconds, while Binance Authenticator is integrated within the platform, offering seamless protection for trading activities.

Passkeys, on the other hand, provide a modern alternative to traditional passwords. They link a user’s account to a trusted device using public-key cryptography, allowing login without entering a password. This approach reduces the risk of phishing attacks and offers a safer, more convenient way for users to access their accounts.

Other suggested security measures include features designed to strengthen account protection

• The Binance team recommends security keys, which require users to physically possess the device to log in. This prevents unauthorized access even if a password or device is compromised.
• They also highlight Binance’s multi-validator verification, a feature available to VIP users. It requires approval from multiple parties before a transaction can be completed, ensuring no single person can move funds alone and safeguarding large or sensitive withdrawals.

Binance Builds on Previous Alerts About Listing Scams

Binance’s recent recommendations build on earlier warnings to both users and the broader crypto community. In September, Binance cautioned crypto projects to watch out for scammers pretending to be company officials or listing agents, falsely claiming they can arrange a Binance listing in return for payment.

At the same time, the crypto ecosystem continues to face broader security threats. According to PeckShieldAlert, September 2025 saw around 20 major crypto exploits, resulting in total losses of $127.06 million. Although this is a 22% decrease compared with August’s $163 million, it still indicates that hacking and other attacks continue to pose a serious risk to the industry.