#BinanceSafetyInsights

Binance prioritizes user safety with several key features:

- *Secure Asset Fund for Users (SAFU)*: An emergency fund covering user losses due to security breaches, with over $1 billion in assets.

- *Proof of Reserves (PoR)*: Audited method showing sufficient assets to cover user deposits, providing transparency and verifiable assurance.

- *Two-factor Authentication (2FA)*: Adds an extra security layer to prevent unauthorized access, supporting authenticator apps and security keys.

- *Whitelisting*: Allows users to specify authorized wallet addresses and IP addresses for withdrawals.

- *Encryption and Monitoring*: Binance uses end-to-end encryption and monitors account activity for suspicious transactions ¹ ².