May
6, 2026 : Binance today announced the launch of
“Withdraw Protection,” a new user-centric security feature that gives users
greater control over the safety of their digital assets. As part of Binance’s
ongoing commitment to proactive user protection and education, the new feature
adds an extra layer of account security that users can activate at any time.
Withdraw
Protection enables users to place a temporary lock of their digital assets,
preventing on-chain withdrawals for a user-defined period of one to seven days.
During this time, assets cannot be withdrawn from the exchange, helping users
add an extra layer of control when they want to exercise extra caution. Users
can also choose whether early unlocking is permitted, and if so, both an
authenticator app and a security key must be enabled, while email confirmation
and phone/SMS authentication can be added as optional verification methods.
For
users who prefer maximum certainty, Withdraw Protection offers a strict
lockdown option that disables early unlocking entirely. In both cases, the
selected lock period cannot be overridden by the exchange, ensuring users
retain full control over their chosen security settings. This reflects
Binance’s goal of giving users clear and enforceable security controls.
“User
protection is important across all digital and financial platforms, and
security is most effective when it is both proactive and user-driven,” said
Jimmy Su, Chief Security Officer at Binance. “Withdraw Protection is
designed as a proactive control that gives users more choice over account
security, and it reflects the evolution of digital asset services toward
stronger user safeguards.”
Binance
emphasizes that Withdraw Protection is part of a broader approach to
responsible asset management and not a substitute for good cyber hygiene and
vigilance. Users are encouraged to follow best practices such as whitelisting
withdrawal addresses in advance, maintaining strong authentication methods, and
exercising discretion while discussing their crypto holdings. By combining
education with practical tools like Withdraw Protection, Binance aims to help
build a safer and more resilient ecosystem for all users.
Availability:
Withdraw Protection is progressively rolled out across all regions. iOS users
must be on iOS 16 or above and Binance app version 3.14.0 or above to use this
feature. Users can learn more about the new feature here.
Disclaimer:
The products and services referred to herein may be restricted in certain
jurisdictions or regions or to certain users, in accordance with applicable
legal and regulatory requirements. These materials are intended only for those
users who are permitted to access and receive the products and services
referred to and are not intended for users to whom restrictions apply. Digital
asset prices are subject to high market risk and price volatility. The value of
your investment may go down or up, and you may not get back the amount
invested. Past performance is not a reliable indicator of future performance.
You are solely responsible for your investment decisions and Binance is not liable
for any losses you may incur. You should only invest in products you are
familiar with and where you understand the risks. You should carefully consider
your investment experience, financial situation, investment objectives and risk
tolerance and consult an independent financial adviser prior to making any
investment. This material should not be construed as financial advice. For more
information, see our Terms of Use and Risk Warning.
