Binance Survey Indicates Asian Users Are Increasingly Concerned About Their Crypto Security: Over 80% Enable 2FA; 73% Double-Check Transfers Before Sending

Binance Survey Indicates Asian Users Are Increasingly Concerned About Their Crypto Security
Over 80% Enable 2FA; 73% Double-Check Transfers Before Sending

On May 6, 2025 Binance carried out a large-scale survey to discover that Asian crypto users showed improved security behavior since more than 80% adopted Two-Factor authentication (2FA) while 84% trusted SAFU security measures. User security practices show signs of maturity because people increasingly trust safeguards from trading platforms.

One of the most extensive surveys in its field recorded 29,847 valid responses from Southeast Asian, South Asian and East Asian cryptocurrency users. This publication delves deeply into cryptocurrency security-related behaviors of users along with presenting methods exchanges can use to deliver better educational content and security systems.

Evolving Habits: From Awareness to Adoption

Forty-seven point two percent of survey respondents operate as high-frequency traders who visit exchanges multiple times everyday. The user population of cryptocurrency throughout Asia demonstrated rapid growth since many users joined this market during the past half year leading up to the study.

User adoption of sophisticated security tweaks shows inconsistent growth although the market continues to expand.

• User-based security understanding remains high as evidenced by the 80.5% adoption rate of 2FA.
• Only a minority of 17.6% utilizes address whitelisting and another 21.5% maintains anti-phishing codes as security measures.
• The percentage of users who keep private keys accessible through internet-connected devices reaches 34.4% worldwide while Southeast Asia reaches 42% in this practice.

A study conducted among crypto users reveals that 73.3% of respondents verify their recipients’ addresses before sending money to them.

User precaution increases as exchanges establish stronger trust relationships with their customers

The majority of respondents demonstrated greater preparedness while reporting 40.7% crypto scam incidents.

• Exchange customers who experience a cyber incident would immediately reach out to their exchange operators to block their funds from further damage.
• Eighty-four percent of crypto users trust protective mechanisms like Binance’s SAFU emergency fund.

Users successfully detect common crypto crimes created through fake tips and phony links and deceptive airdrops despite these attacks persisting at rates of 69.5%, 54.9% and 52% respectively.

User demand is increasing for threat detection systems based on artificial intelligence technologies

Users now expect exchanges to proactively manage threats by providing real-time intervention which has replaced traditional reactive customer support.

• A total of 62.5% of users demand systems that intercept threats and provide immediate alerts in real-time.
• The majority of users (50.4%) demand malware detection and compromise monitoring at the device level.
• Blacklists of suspicious addresses and biometric authentication receive backing from nearly 50 percent of users.

User attitudes show a clear transformation in direction based on these statistics. The crypto market evolved to position platforms as leaders in security and beyond their role as trading locations. Binance and similar crypto exchanges must develop human-friendly protection frameworks which safeguard user security throughout the entire interaction process.

Secure Wallets, Smarter Custody: Binance Wallet Leads with MPC

Security is a major issue for decentralized wallets in this space.

• 62.8% prioritize enhanced private key protection
• Better systems for backup and recovery stand as a need for 50.4% of crypto users.
• Proactive scam detection systems along with transaction surveillance capabilities are desired by more than 40% of users.

Binance Wallet delivers solutions to user requirements through its Multi-Party Computation (MPC) technology. The cutting-edge MPC technology accepts the breakdown of private keys into sections that can be encrypted replacing seed phrases except with elevated user mana

Education Remains the Foundation

Despite increased user attention to security matters education deficits still exist.

• Among users 55.8% consider present educational resources to be too complex for their understanding.
• 39.7% prefer localized, scenario-based case studies

X and Telegram together with Facebook show the highest numbers of scams in Southeast Asia while WhatsApp leads in India according to market exposure reports.

Exchange-initiated anti-scam simulation tests obtain support from 61.3% of users who show more interest in hands-on educational experiences with gamified incentives or rewards.

Binance’s security teams regularly share easy-to-understand articles that break down complex topics like security topics like smishing, phishing and many more, helping bridge the knowledge gap while keeping all the important details intact

Binance’s Multi-Layered Security Commitment

The security protocols implemented across the industry have led to illicit addresses that received $40.9 billion in crypto transactions falling from 0.61% in 2023 to just 0.14% according to Chainalysis data.

The Binance exchange maintains its position of market leader by spending significant funds on platform security and international partnerships. In 2024, the company:

• The platform stopped over $4.2 billion of expected losses in illegal activities.
• Binance returned $88 million to users who had their funds stolen or lost.
• Through security measures Binance protected approximately 2.8 million users from cybercriminals.

“In 2024 alone, we successfully prevented over $4.2 billion in potential user losses, helped recover $88 million in stolen or misplaced assets, and protected more than 2.8 million users from malicious actors,” said Jimmy Su, Binance Chief Security Officer. “As the industry evolves, so do the tactics of bad actors. We’re investing heavily in localized anti-scam education that is practical, accessible, and tailored to users’ real needs. At the same time, we’re accelerating the rollout of real-time risk detection systems and working closely with regulators and law enforcement across Asia to better protect user assets.”