![]() Since my API key only had trading functions enabled, luckily I didn’t lose any funds, but it started an event of back and forth with customer support of Binance exchange. The other day, my Binance account was hacked, and seems like a hacker got access to my account using API Key. It can happen to anyone, and when it happens, it would give sleepless nights. Conclusion: Binance hacked – Securing your Binance accountīinance Hack Story: An event that could happen to anyone:Īnyone who is working in the space of crypto-assets as a trader or investor is not immune to hacking.Steps to keep your Binance account Safe and Secure:.Binance Hack Story: An event that could happen to anyone:.It does not matter which country you are from, these safeguard mechanisms would ensure your own safety and help you in an event of a catastrophic situation. Until that happens, there are things you could do to stay compliant and secure. It would be just a matter of time when a lot more countries would start putting the rules and regulations to regulate the world of cryptocurrencies. As I always say “ First comes the innovation and then comes the regulation“. In fact, share this guide with your friends and family who are dabbling into the world of cryptocurrencies.Ĭryptocurrencies have opened up pandora’s box for many of us, and since it is not regulated like traditional finance, there are very few provisions for customer protection. It doesn’t matter if you are using Binance exchange, or any other popular cryptocurrency exchange, as long as you are using an exchange to buy/sell cryptocurrencies or holding your cryptocurrencies, this guide is what you need. And, in this “How to secure crypto exchange account” guide, you will find an answer to all your questions. Well, you are not alone in worrying and fearing such thoughts, as this is perhaps the most frequently asked questions by newbies. Do you worry about what would happen if the exchange shuts down?.Are you scared of losing your funds on an exchange?. ![]() Should you keep Crypto-assets on an exchange account or a hardware wallet?. ![]()
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