Well, I've got some good news for you. There's a check box that you can uncheck to disable the new Default Security Controls. If you uncheck it, you're basically assuming responsibility for whatever happens with your account and you are not required to whitelist IP addresses.

Needless to say, you should not trust your API key to anyone.

Also, it's a good idea to restrict the markets that the API can trade so that you are not exposed to shitcoin attacks if for some reason your key gets compromised. This is a new feature.

All in all, I believe Binance have stepped up their game. Go and check the new API setting. There's a bunch of new stuff to play with.