#BinanceSafetyInsights

🔐 Core Security Measures

SAFU Fund (Secure Asset Fund for Users): Binance has established a $1 billion insurance fund to cover potential losses from security breaches, providing an added layer of protection for users.

Cold Wallet Storage: The majority of user funds are stored in offline cold wallets, minimizing exposure to online threats.

Two-Factor Authentication (2FA): Binance mandates 2FA for account access, enhancing account security against unauthorized access.

Proof of Reserves: To ensure transparency, Binance provides verifiable proof that it holds sufficient reserves to cover all user balances.