#CryptoSecurity101 What is reserve confirmation and how does it work on Binance

Cryptocurrency depositories are conducting Proof of Reserves (PoR) audits to show that the stink is again wiping out the wallets of cryptocurrencies.

Binance conducts and publicly publishes internal audits, after which third-party auditors help verify them using cryptographic methods to ensure that their assets are safely kept in reserves companies.

Binance members can also independently verify that the balances of their accounts are protected by this audit.