Three key steps to protect your phone with encryption shared by Binance CEO

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Binance CEO Richard Teng has published an important tutorial on how to protect your crypto wallet in case your phone is lost.

Teng gave himself some advice and shared a link to an article on Binance that provides details on this issue.

Each Teng has three important steps to take if you lose your phone

Teng emphasized the importance of keeping your phone safe at all times, as that loss can have negative consequences.

The CEO also shared three important steps to actively take to secure a smartphone, and shared the valuable and hard-earned code it holds as follows: Secure your phone with biometrics. Backup 2FA code. ”

Losing a mobile phone is not inconvenient. It can publish sensitive data, compromise your account, and lead to financial losses.
・Stay your phone with biometrics
・Enable remote wipe
・Backup 2FA code
To find out more, https://t.co/zihkuksuhz
– Richard Ten (@_richardteng) March 12, 2025

Teng’s articles greatly expand its list of recommended lists. It offers two different steps to ensure the security of your mobile phone. What should you do if your phone is already lost, and what measures should you take before potential loss or theft?

What to do when your phone is lost/stolen

The first thing you do when you find out your device has been stolen or lost is to remotely track and lock your phone. This should be done as soon as possible. This allows you to find my phone service on both iPhone and Android phones. These services can also alienate content.

You will then need to contact your mobile carrier and change your most important account passwords, such as email accounts, banks, financial apps, cryptocurrency wallets. The final step is to change the 2FA code on your mobile phone in exchange.

Proactive steps to protect your smartphone with crypto

As a necessary aggressive step to securing a mobile phone, the Binance Team recommends using a strong passcode and biometric lock. Disables on-screen notifications and previews, especially notifications and previews using 2FA code.

You must have a full data backup that encrypts your phone and gets regular updates.

Another recommendation is to update your smartphone’s software regularly to ensure that your SIM card is protected with a PIN code. Sensitive data must be stored in an encrypted safe or password protected.