SAFU: Keeping Your Funds Secure
At Binance, we understand the importance of security. That's why we've created the Secure Asset Fund for Users (SAFU), a dedicated fund that protects users' funds in the event of a security breach.
What is SAFU?
SAFU is a fund that is funded by 10% of all trading fees on Binance. The fund is used to reimburse users for losses incurred in the event of a security breach.
How does SAFU work?
In the event of a security breach, Binance will use SAFU funds to reimburse affected users for their losses. The amount of reimbursement will be determined by the severity of the breach and the losses incurred by users.
What does SAFU mean for you?
SAFU means that you can be confident that your funds are safe on Binance. We are committed to providing a secure platform for all of our users, and SAFU is just one of the many ways we do that.
Here are some additional tips for keeping your funds safe on Binance:
1- Use a strong password and two-factor authentication.
2- Never share your password or two-factor authentication codes with anyone.
3- Be careful about clicking on links in emails or messages.
4- Only store your cryptocurrency on Binance if you are actively trading or using it for other purposes.
5- Withdraw your cryptocurrency to a secure wallet if you are not actively using it.
By following these tips, you can help to keep your funds safe on Binance and enjoy all the benefits of using our platform.
Remember, SAFU is just one part of our commitment to security. We are constantly working to improve our security measures to protect your funds.
Thank you for choosing Binance!
