#BinanceSafetyInsights

Binance prioritizes user safety with a multi-layered security strategy:

- *Platform Security*

- *Secure Storage*: Most user funds are stored in offline, cold storage facilities to minimize cyber threats.

- *Real-Time Monitoring*: Withdrawals, password resets, and email changes are analyzed for unusual activity.

- *Advanced Data Encryption*: User data and personal info are encrypted in storage and transit.

- *User-Level Security*

- *Safe Sign-In*: Two-factor authentication (2FA) options include hardware keys, app-based, SMS, and email verification.

- *Access Control*: IP and wallet address whitelisting, API access control, and device management.

- *Security Notifications*: Immediate alerts for suspicious activity via email and in-app notifications.

- *Proactive Threat Monitoring and Risk Prevention*

- *Risk Engine*: A hybrid AI and manual review system detects and flags suspicious transactions.

- *Eight-Tier Risk Mitigation*: Customized pop-up warnings, withdrawal cooldown features, and multiple appeal handling channels.

- *Secure Asset Fund for Users (SAFU)*

- *Emergency Protection Measure*: A portion of trading fees is allocated to SAFU for additional financial security.

- *$1 Billion Safety Net*: The fund's value is maintained at $1 billion in USDC.

Binance also provides:

- *Security Education*: Resources like Binance Academy articles and practical security tips to help users develop a security-first mindset.

- *Proactive Measures*: Preventing over $4.2 billion in potential user losses and securing over $88 million in lost or misplaced assets for external parties in 2024.¹