#BinanceSafetyInsights

Binance has made my trading experience significantly better based on its excellent risk management and safety features. One particular incident I would like to mention is a moment when I was trying to transfer some funds to an investment opportunity that seemed quite legit in nature. To my surprise Binance flagged the wallet address and informed me that it was potentially a scam and I had to rebuff this completely.

The Risk Sniper channel also has been tremendous. They provide real time scam alerts and educational content to inform me on new threats that crop up. It makes my crypto investment life less scary.

However I think Binance could increase safety yet more (by adding a “cooling-off” period when conducting suspicious transactions and by having a system generated warning in case of sending money to blacklisted wallet addresses).

Overall, Binance’s risk control mechanisms are workable and in the interest of their users, but with a few more features added it would be even safer for everyone.