Binance's survey shows mature security awareness: over 80% of Asian users have enabled 2FA, and more than 73% double-check the Address before transferring.

Binance today released a user survey report called the Asia Cryptographic Security Survey, which shows that more than 80% of respondents have enabled two-factor authentication (2FA), and 73.3% of users double-check the receiving address before making a transfer, indicating a significant increase in user awareness of information security. (Synopsis: Changpeng Zhao's 8,000-word long article explains: How to ensure the safety of your crypto assets? (Background supplement: CZ Urgent Appeal: Macs equipped with Intel chips have major vulnerabilities, update as soon as possible to protect the security of your assets) This article is a press release, written and provided by Binance, and does not represent the position of the region. According to a large-scale user survey conducted by Binance, more than 80% of respondents have enabled two-factor authentication (2FA), and 84% of respondents have expressed trust in protection mechanisms such as the Binance Investor Protection Fund (SAFU), indicating a significant increase in user awareness of information security and a growing confidence in exchange-led protection systems. The questionnaire, titled the Asia Cryptographic Security Survey, collected 29,847 valid responses from users in Southeast Asia, South Asia, and East Asia, one of the most comprehensive observations to date. It provides insight into how security measures are perceived and practiced by users in the region, and how exchanges and industry can further support users through tools, education and proactive guardrails. From "awareness" to "action": information security habits are shifting According to the survey data, 47.2% of respondents are high-frequency traders who use cryptocurrency exchanges several times a day. It is worth noting that nearly three-in-ten respondents entered the cryptocurrency market in the past six months, reflecting the rapid growth trend of the Asian crypto market. Despite the rapid expansion of the number of users, the survey also revealed a clear difference in security behavior: while most users have basic awareness of protection, the adoption of advanced protection mechanisms is still insufficient: 80.5% of respondents have enabled 2FA, indicating that users have a good understanding of basic security measures. However, only 17.6% enabled address whitelisting and only 21.5% used anti-phishing verification codes. In addition, 34.4% of respondents store their private keys on connected devices, compared to 42% in Southeast Asia, highlighting the importance of continuous education and practical tools to help all users simplify the security process. Optimistically, 73.3% of users will review the receiving address before making a transfer, indicating that users attach importance to risk management in their daily operations. Overall, the survey shows that continuous education is essential to promote the confidence of users to take advanced security measures. As users become more proactive, trust in exchanges also increases According to the survey, while 40.7% of respondents have experienced cryptocurrency-related scams, the majority are now more resilient: More than half of respondents (53.4%) said they would contact the exchange to freeze their assets as soon as they encountered fraud – demonstrating basic preparedness and trust in the platform's ability to respond. In addition, 84% of respondents said they trust protection mechanisms such as the Binance Investor Protection Fund (SAFU). Although common scams such as phishing links (69.5%), fake insider messages (54.9%) and fake airdrops (52%) still exist, the survey results show that more and more users have been able to identify potential risk signals and become smarter, more proactive, and willing to use the security mechanisms provided by the platform. From reactive to proactive: users expect more from exchange security The survey results point to a clear shift in user expectations from passive protection to real-time, intelligence-driven threat management. Users increasingly expect exchanges to proactively detect, prevent, and mitigate potential threats before they occur. 62.5% of respondents ranked 'real-time threat blocking' as their top security need, indicating a strong need for automated prevention and early warning systems. 50.4% of respondents said they need device-level threat detection capabilities, such as malware identification and alerting mechanisms for compromised devices. Nearly half of respondents support the establishment of a database of suspicious addresses and the introduction of biometric authentication to strengthen identity protection measures. This shift reflects a shift in user mindset: exchanges are no longer just platforms for asset trading. Today, users expect industry leaders like Binance to set new standards, especially when it comes to building security systems that are both smart and intuitive. Private Key Protection First, Binance Strengthens Decentralized Wallet Security with MPC Technology When it comes to decentralized wallets, users value features that provide greater control and intelligent threat detection. The survey results show that wallets are no longer just a tool for storing assets, but as an intelligent security layer to protect assets. 62.8% of respondents ranked enhanced private key protection as their most anticipated wallet feature – highlighting the high demand for more intuitive and secure self-custody tools. 50.4% of respondents want better backup and recovery options, which is key to helping users feel more secure and in control of their assets. More than 40% of respondents support building proactive fraud detection tools such as phishing alerts, suspicious transaction monitoring, and hacker protection. Binance fulfills these expectations with its Binance wallet, which plays a key role in the decentralized wallet space. The wallet uses MPC (Multi-Party Computing) technology, eliminating the need for mnemonics and securely splitting the private key into three cryptographic keys. Simple and localized education is key to closing the safety gap Education remains a key pillar of user protection, with the survey showing that users are looking for a more practical and accessible learning experience: 55.8% of respondents believe that existing teaching materials are 'too technical to understand' 39.7% prefer localized real-world case studies to improve understanding of real-world situations In order to effectively promote anti-fraud education, it is also important to understand the channels through which users are most often exposed to misleading or fraudulent content. Across APAC, this type of content is most commonly found in X (formerly Twitter, 57%) and Telegram (51.2%), but there are slight differences in engagement channels across markets – for example, in Southeast Asia, Facebook is the main platform (61.1%), while in India, WhatsApp is the key channel (42.5%). 61.3% of respondents said they would be willing to participate in exchange-led 'anti-fraud mock quizzes' to increase their vigilance – especially when these quizzes are combined with rewards or gamification design, showing that users are not only willing but eager to learn. Our security team regularly shares easy-to-understand articles that break down complex topics such as SMS scams and phishing attacks to help users bridge knowledge gaps while preserving all key details. Check out our security column series for an insightful learning journey to help you identify potential risks! Binance: Comprehensively strengthen security According to Chainalysis' 2025 Crypto Crime Report, cryptocurrency addresses classified as illegal for use received a total of $40.9 billion in funds in 2024. While this number is likely to rise as more illegal addresses are identified, the share of illegal transactions in overall on-chain activity has dropped significantly – from 0.61% in 2023 to just 0.14% – showing that proactive security measures across the industry are working. Binance continues to lead the way in security and redoubles down on its commitment to security and security.