My Binance Account Hacked! Here’s How You Can Secure Your Account

If you are into the Crypto space, whether as a trader or investor, you must know that you are not immune to hacks — You can be rekt anytime, if not careful!

The other day, my Binance account was hacked, fortunately, I didn’t lose any of my funds, but it gave me 4 sleepless nights.

It seems like a hacker got access to my account using API Key. Since the API keys are only enabled for trading, the hacker couldn’t access my fund for withdrawal.

However, the hacker started erratic trading on my account, which flagged the Binance engine that something is wrong with the account, and they paused the trading function.

Here’s what I saw on my Binance App, the next morning 👇🏻

They also sent me an email notifying me about the situation. And the day started with an event of back and forth with customer support of Binance exchange and lasted for the next 4 days.

Yes, it took me over 4 days to get my account access back! 😨

This situation made me realize that if I, being a techie, got hacked — how about millions of other users who are not so tech-savvy, how will they keep their Binance account secure?

The hack was because of my silly mistake and that could cost me a lot. This can happen to you too.

So, if you want to avoid such situations, here are the 7 Steps to secure your Binance Account and become (nearly) hackproof -

This video is about securing a Binance account, but almost all popular cryptocurrency exchanges like Coinbase, Kraken, and others offer pretty much similar security features. So, make sure that you play around in the Account setting and preferences section of your Crypto exchange platform and make all the necessary changes to secure it.

And here are two tools that you must use to keep your account and crypto funds secure -

1. Yubikey: https://coinsutra.com/go/YubiKey/
2. Ledger Nano X: https://coinsutra.com/goto/ledgernanox/

Want to learn more about Crypto Security? Here are few hand-picked articles you should read -

1. How to secure your Binance Account
2. What is 2-factor Authentication?
3. How To Set Up Google Authenticator
4. Online Security Guide 101

May your exchange account stay safe & secure! 👋🏻