Binance Security Insights: How to Protect Your Digital Assets?
1. Platform-Level Security Measures
- Multi-Layer Encryption Technology: Binance employs bank-level SSL encryption and cold storage solutions, with 98% of user assets stored in offline cold wallets, effectively isolating the risk of hacker attacks.
- SAFU Fund Protection: 10% of transaction fees are reserved as the 'User Security Asset Fund' (SAFU), which can fully compensate user losses in extreme cases.
2. User-End Protection Recommendations
- Enable 2FA Verification: Mandatory binding of Google Authenticator or hardware keys to avoid SMS verification code hijacking risks.
- Withdrawal Whitelist: Set to allow transfers only to pre-verified addresses, preventing asset theft due to API key leaks.
3. Risk Identification Tips
- Beware of Phishing Links: Official links must be verified with the `binance.com` domain; be cautious when clicking on 'customer service' links in social media private messages.
- Minimize API Permissions: Only grant 'trading' permissions for quantitative trading accounts, disabling withdrawal functions.
