Binance's recent survey of nearly 30,000 Asian crypto users reveals that over 80% have adopted two-factor authentication (2FA), marking a strong commitment to basic cybersecurity practices in the region. Additionally, about 73% of users routinely double-check transaction details such as recipient addresses before confirming transfers, showing increased vigilance against common risks like phishing.
However, despite this high adoption of foundational security measures, the use of more advanced protections remains limited. Only around 21.5% of users employ anti-phishing codes, and just 17.6% have enabled address whitelisting.
Worryingly, over one-third of users still store private keys on internet-connected devices, with this figure rising to 42% in Southeast Asia, exposing them to potential hacks.
Binance attributes these gaps largely to a lack of user awareness and finds that many existing security guidelines are too technical or difficult to understand for the average user.
In response, Binance is investing heavily in localized, user-friendly educational resources and anti-fraud simulations designed to engage users through gamification and incentives.
The exchange is also enhancing its security infrastructure with real-time risk detection and collaborating with regulators and law enforcement to better protect users.
The survey further indicates growing trust in centralized exchange safeguards, with 84% of respondents expressing confidence in Binance's Secure Asset Fund for Users (SAFU), an emergency protection reserve. Meanwhile, 62.5% of users prioritize real-time threat detection, and many show interest in advanced features like biometric authentication and suspicious address databases, reflecting evolving security demands.
While over 80% of Asian Binance users have adopted 2FA and demonstrate improved security habits, adoption of more sophisticated security tools lags behind. Binance is actively addressing these challenges through education, technology upgrades, and partnerships to foster a safer crypto environment in Asia.
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