Binance places the highest priority on protecting its users and their assets, offering a variety of risk management and control features to ensure a safe trading experience. From customizable risk management tools to fraud detection and prevention tools, Binance continuously strives to enhance the trading environment for its users.

One of the key pillars of Binance's security is two-factor authentication (2FA), which provides an additional layer of protection for user accounts. Additionally, the 'Know Your Customer' (KYC) process requires identity verification, reducing the risks of fraud and money laundering.

Binance is committed to protecting user assets through the Secure Asset Fund for Users (SAFU), where 10% of trading fees are allocated to cover potential losses in the event of a security breach. The platform also employs advanced encryption and data protection to ensure the confidentiality of sensitive information.

The Binance system monitors transactions in real-time using AI algorithms to detect suspicious activities, such as unusual withdrawals, and can temporarily freeze questionable transactions. The 'withdrawal whitelist' feature allows users to specify a list of approved addresses for withdrawals, preventing transfers to unknown wallets.