Binance Launches Withdraw Protection Feature with 17-Day Lock Period
Binance Launches Withdraw Protection Feature with 17-Day Lock Period
🔒 Binance's New Lock
Binance has introduced Withdraw Protection, a new security feature that allows users to lock their on-chain withdrawals for 17 days.
Key Features:
- Voluntary 17-day withdrawal lock period
- Designed to protect against physical threats and coercion, not just digital attacks
- Gives users additional control over their funds
- Adds an extra layer of security beyond traditional 2FA and password protection
This feature addresses scenarios where users might be physically threatened or coerced into transferring funds. The 17-day lock provides a cooling-off period that can help prevent irreversible transfers under duress.
Users can opt into this protection feature through their Binance security settings.
Introducing Withdraw Protection. 🔐 🔸 Lock on-chain withdrawals for 1–7 days 🔸 Built for threats beyond digital attacks 🔸 More control. More protection Know more → binance.com/en/blog/securi…
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