#CryptoSecurity101 🔒 Main Security Features

1. SAFU Fund (Secure Asset Fund for Users)

Binance maintains an insurance fund of $1 billion to protect users in case of security breaches

It is funded by 10% of trading fees

Covers losses due to vulnerabilities in Binance's systems, but not user errors

2. Two-Factor Authentication (2FA)

Options include Google Authenticator, SMS, and devices like YubiKey

Mandatory for sensitive operations such as withdrawals

3. Cold Storage

More than 95% of funds are stored in cold wallets (offline)

Only a small portion in hot wallets for operational liquidity