Binance has introduced a feature called Withdraw Protection, which fully blocks asset withdrawals from an account for a preselected period ranging from 1 to 7 days. The tool is designed for situations where standard security measures are ineffective.
“Two-factor authentication and a strong password won’t help if the account owner is being physically coerced into transferring funds,” Binance said in its press release.
How the New Feature Works
Once the feature is activated in account settings, all blockchain withdrawal requests are blocked for 48 hours or for a custom period selected by the user. By default, the lock cannot be lifted early by anyone — not third parties, nor even the account owner.
“This is the key feature: in a coercive situation, a person physically cannot comply with demands to transfer funds, even if they are forced to do so,” Binance explained.
For users who need more flexibility, Binance also offers an option to allow early unlocking. This makes it possible to remove the restriction before the selected period ends using a security key and an authenticator app, with the option to add confirmation through a separate phone number or email.
All other account functions — including trading, open positions, and balance access — continue to operate normally during the lock period.
Binance encourages users to combine this new tool with existing security measures, including withdrawal address whitelists, biometric login, passkeys, and anti-phishing codes.
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