Binance exchange switch of features based on regional policy compliance.

[CryptSafe]

Today, I noticed I was logged out of my Binance app, and this is strange to me because I have not been logged out for quite a long time, as I constantly use the app for launchpad and crypto trading. My 2FA was disabled as well, and it raised a concern, and what I noticed was a pop-up after I logged in to change my features due to regional restrictions and policy, all these put together raised my eyebrow to wonder if anything went wrong, so I immediately checked in my login session and the information there showed my IP address but I had to reconfirm again to be sure of what I was seeing and the IP address all corresponding. I declined the switch over and immediately began to withdraw my trade assets to another exchange where I do trade as well, and I changed my login details. And I am not thinking of using the platform anytime soon because I do not know what might happen next.

I am curious to know if any of us here have had such an experience lately, as it seems strange to me for the first time to have such an experience with a reputable exchange. We just ought to be careful and be on alert.

[Churchillvv]

Firstly, after a long time of activities Binance do log people out for them to login again just to reconfirm if they still have password or login details active it's a measure of security and it's included in their TOS.

My only experience regarding this is the change of IP address, I have been using IP changer and/or VPN so once I login after using the VPN Binance logs me out immediately this is usually the case but yours seem different.

So I think your phone must have IP address rotation on, that is another thing that makes Binance logs you out unexpectedly.

[Joy_learns_crypto]

After reading your post I had to go and check my binance and see for myself but as expected I was logged out because I have been in active on the app for a while so all I did was log back in and all is fine from my end. You don’t even have to be in active before binance can log you out so that you would need to log back in. This is just their own way of protecting users and nothing more.
Although I understand your frustration I still don’t think you should panic, since you logged back in you can now reconnect your 2FA.

However I noticed a mistake you made. You didn’t have to wait till you are logged out before you know that you aren’t meant to keep your asset on an exchange, furthermore you need to take away your asset from the exchange you have sent it to and move it to your private wallet. When ever you want to trade you can fund yourself and when done always remember not to save on an exchange.

[Samlucky O]

I think churchillvv has already answered your question. I often expirience my binance account Being logged out on several occasions and will require me to logging again. that is just a way of trying to know if you're actually the real owner of that exchange. if you are the owner, you will have to provide the login details to prove the real ownership. After login and you noticed that the IP login is thesame then there is no need to bother yourself. If your account was compromised you wouldn't have even see any crypto left in your wallet by now.

[Orpichukwu]

This is not something to get you worried; as long as you have confirmed that the IP address which is shown there matches with your own, what you have done by moving your funds to where you trust is good, but in case of next time, all you need to do is increase your security, add back your 2FA and be sure you have control over the account again.

[SmartGold01]

I am curious to know if any of us here have had such an experience lately, as it seems strange to me for the first time to have such an experience with a reputable exchange. We just ought to be careful and be on alert.

Well I also observed it and noticed I was logged out but one thing that made me didn't panicked is that I still have my 2FA right and all my details are correct, I didn't see any alterations from their ends. Again I have no funds Inside the exchange and I wouldn't have to be worried over that as I believe that their policy wouldn't affect me and I didn't turned on that feature they said.

[Agbamoni]

No need to panic while moving your asset to another exchange.
Binance is an exchange that prioritize security checks after a specific period of time. If you have not done any security check for a long time, it is obvious that Binance will log you out so you can pass some security check again to confirm it is you. The reason is to ensure it is the right full owner that has been operating the account all these while.

[Hewlet]

Today, I noticed I was logged out of my Binance app, and this is strange to me because I have not been logged out for quite a long time.

This obviously is the reason why they've logged you out because if there's nothing like this, someone else might just get access to your account and easily bypass security checks without being caught. Imidiately I saw this thread, I went right away to my binance to check for similar thing and so far, nothing has changed.

As long as there's no indication that your account has been logged into through another device or an action that is not done by you has been carried out through your account, there's no point for alarm because your account is safe. To an extent, I even prefer the way binance does her security check because it helps you stay protected from external attacks. Sometimes, you might get too comfortable auto logging into your account that you forget your security pass. Occasionally logging out like this is rather for the better rather than a threat.

[Mia Chloe]

Today, I noticed I was logged out of my Binance app, and this is strange to me because I have not been logged out for quite a long time, as I constantly use the app for launchpad and crypto trading.

The thing is you shouldn't give CEX a 100% of your trust , to start with using them is already at your own risk. Most people trust CEX too much with the reassurance that they have their KYC data and the government is recognises them but it isn't enough of a call. Even DEX can't be a 100% trusted too the difference is it's a better off haven for decentralization enthusiasts.

As for those regional features, it's a normal thing for almost any service and not only exchanges. Those features differ based on the difference in governmental policies guiding the exchanges in those respective regions.

[CryptSafe]

Today, I noticed I was logged out of my Binance app, and this is strange to me because I have not been logged out for quite a long time, as I constantly use the app for launchpad and crypto trading.

The thing is you shouldn't give CEX a 100% of your trust , to start with using them is already at your own risk. Most people trust CEX too much with the reassurance that they have their KYC data and the government is recognises them but it isn't enough of a call. Even DEX can't be a 100% trusted too the difference is it's a better off haven for decentralization enthusiasts.

As for those regional features, it's a normal thing for almost any service and not only exchanges. Those features differ based on the difference in governmental policies guiding the exchanges in those respective regions.

The major thing that made me sceptical was that of the regional switching which got me frightened because I did not really thought about encountering such in the first place. I agree that the features varies and that was the prompt which made me more curious because of the fact that binance and our government have had a long legal battle on taxation and we all know how our government can be funny not to talk of now that Crypto is legal in the country. I had to bring this here to hear our opinion if any one of us might have encountered such with their account in the course of accessing it.

Actually what I do with the exchange account is for launched and trading and nothing more than that. I do not leave asset there because already I know what is obtainable in the system so I do not make such a mistake trusting third party exchange with my assets to say.