What Binance can protect you from — and what it can’t.
This distinction is important before trusting any exchange. Binance can help protect against: Platform-level security breaches Unauthorized system access Extreme events through SAFU Binance cannot protect against: Phishing linksSharing OTPsApproving malicious permissionsPoor risk management while tradingUsing Binance safely is not about fear — it’s about awareness. #Binance #CryptoSafety #cryptoeducation Regularly check login activity and remove unused API keys. Small steps reduce big risks.
How safe is Binance really? A simple breakdown I see this question come up often, especially from people who are new or planning to keep funds on an exchange. Binance stores most user funds in cold wallets, which means they stay offline and are not directly exposed to online attacks. On top of that, there is the SAFU fund, meant to act as a backup in extreme situations. That said, exchange security is only one part of the picture. From what I’ve observed, most losses happen due to weak passwords, no 2FA, phishing links, or compromised devices.
Bottom line: Binance focuses on platform security, but account safety depends largely on the user. If you use Binance, basic security settings are not optional.