"Withdraw Protection is a new Binance security feature that blocks all withdrawals for a lockdown window you set, between 1 and 7 days. While the standard duration is set to 48 hours, users can adjust the lock period anywhere from one day up to a full week, depending on their preference."
"The feature keeps trading and account access available while delaying outgoing transfers by default. Users can locate and activate this option through both the mobile app and desktop interface."
Binance has launched a new feature called Withdraw Protection, which allows users to temporarily disable on-chain withdrawals for a period of one to seven days. This feature is designed to protect users from coercion risks that can bypass standard security measures like passwords and two-factor authentication. Users can select their preferred lockdown duration, with the default set to 48 hours. During this time, while withdrawals are blocked, users can still trade and manage their portfolios without interruption.
Read at news.bitcoin.com
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