#BinanceSafetyInsights All cash deposits at Binance.US are held in U.S. banks and insured up to $250,000 by the Federal Deposit Insurance Corp. (or FDIC). Cryptocurrency at Binance is not insured. However, the company does keep a Secure Asset Fund for Users (SAFU) of over $1 billion to protect users in case of a major cybersecurity attack.To enhance account security, Binance recommends enabling two-factor authentication (2FA), utilizing hardware security keys, and regularly reviewing authorized devices . Users are also advised to whitelist trusted withdrawal addresses and stay vigilant against phishing attempts.