Security

What to Do If Someone Knows Your Binance Password

· About 11 min · CoinWiki Editorial

The moment you discover your password has been leaked, your heart will skip a beat β€” but as long as you react fast enough, your assets can be saved in most cases. Here are the steps listed in order of urgency β€” just follow them. If you need to operate on a new device, first log into your account at the official Binance website. For mobile, download the Binance App for convenient ongoing monitoring.

Step 1: Change Your Password Immediately

This is the most urgent action β€” don't waste a single second:

  1. Log into your Binance account
  2. Go to the "Security" settings page
  3. Click "Change Password"
  4. Set a completely new strong password

New password requirements: at least 8 characters including uppercase and lowercase letters, numbers, and special symbols. Don't use any password you've used on other websites, because password leaks are often caused by "credential stuffing" attacks β€” hackers obtain your password from a small website's breach and then try it on major platforms one by one.

Step 2: Check and Replace All Verification Methods

After changing your password, immediately check the following security settings:

Email verification: Go to security settings and check if the bound email is still yours. If it's been changed to an unfamiliar address, the attacker has already partially succeeded β€” contact support urgently.

Phone verification: Confirm the bound phone number is still yours.

Google Authenticator: If you haven't enabled it before, you must enable it now. If already enabled, consider unbinding and rebinding to generate a new key.

Anti-phishing code: Set an anti-phishing code so every email from Binance will display this code, helping you distinguish real emails from fake ones.

Step 3: Check API Keys

Many people overlook this step, but it's very important. Hackers may have created API keys without your knowledge to control your account.

Go to Account Settings > API Management. If you see API keys you didn't create, delete them immediately. Check each API key's permissions, especially whether "Withdrawal" permission is enabled.

Step 4: Check Recent Account Activity

In security settings, find "Account Activity" or "Device Management":

  • Review recent login records, noting unfamiliar IPs and devices
  • Check for any abnormal withdrawal requests
  • Look for unauthorized trading operations

If you find suspicious activity, immediately use the "Freeze Account" function to lock the account, then contact Binance support.

Step 5: Freeze the Account (In Serious Cases)

If you discover assets have already been transferred out, or account settings have been extensively tampered with, don't hesitate β€” freeze the account immediately:

  • In the App: Security Settings > Account Management > Disable Account
  • On the web: Go to the Security page > Disable Account
  • Or email Binance directly to request a freeze

After freezing, all trading and withdrawal operations will be suspended. Unfreezing requires identity verification β€” it's inconvenient but at least your assets are safe.

How Passwords Get Leaked

Understanding the cause helps prevent recurrence:

  • Phishing websites β€” Entering your password on a fake Binance login page
  • Credential stuffing β€” Data breaches from other sites, passwords tried on Binance
  • Malware β€” Trojans on your computer or phone recording keyboard input
  • Social engineering β€” Being tricked into revealing your password
  • WiFi hijacking β€” Logging in on an insecure public WiFi

FAQ

Q: How long after changing the password does it take effect? A: Immediately. After changing the password, all logged-in devices will be forced to sign out.

Q: What does the 24-hour withdrawal ban after password change mean? A: Binance's security policy prohibits withdrawals for 24 hours after a password change. Even if a hacker set up a withdrawal address before the password change, it won't work.

Q: How do I know if my password has been leaked? A: If you receive an abnormal login alert email from Binance, discover unfamiliar device login records, or unexpectedly receive verification code texts, your password may have been compromised.

Q: What's the fastest way to contact Binance support? A: Tap the "Support" icon in the App to enter live chat β€” someone usually responds within minutes. For emergencies, you can also email the official support address simultaneously.

Security Reminder

Don't let your guard down after this incident passes. It's recommended to change your password every three months, enable all available security verification methods, and regularly check API keys and device login lists. Maintaining security awareness while using Binance is far more effective than any after-the-fact remediation.

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