Binance targets real world crypto theft risk with Withdraw Protection feature

The new feature lets users lock on chain withdrawals for up to seven days while keeping trading and account access active.

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Add us on Google by Estefano Gomez May. 4, 2026

Binance introduced Withdraw Protection, a new security feature designed to block crypto withdrawals when users face real world threats, including physical coercion.

The feature lets users lock all on chain withdrawals from their Binance account for a preset period between one and seven days. The default lockdown window is 48 hours. During that period, no one can move crypto off the platform, including the account holder, unless the user previously enabled the optional early unlock setting.

Binance said the tool is meant to address cases where digital safeguards such as passwords, two-factor authentication, passkeys, and withdrawal whitelists may not be enough. These include situations where a user is pressured in person to transfer funds, a rare but severe risk because crypto transactions are often irreversible.

Withdraw Protection does not freeze the rest of the user’s account. Users can still trade, hold positions, and access their Binance account while the lockdown is active. Only on chain withdrawals are restricted.

By default, the lockdown cannot be ended early by anyone. Users who want more flexibility can turn on the early unlock option, which requires a security key and authenticator app. Binance also lets users add phone or email confirmation as an additional step.

The feature can be activated through the Binance app or web platform under account security settings. Binance said iOS users need iOS 16 or above and app version 3.14.0 or above to use the feature.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.