$SOL
Binance places a strong emphasis on user and asset security.
Key security measures include storing the vast majority of assets in cold wallets that are offline, employing two-factor authentication (2FA) with multiple options including authentication apps and physical devices like YubiKey, real-time monitoring systems, advanced access controls such as whitelist "address" withdrawals and API access restrictions, security alerts to notify of any suspicious activity, and encryption of sensitive data. It also has a Secure Asset Fund for Users (SAFU) to cover losses in the event of a security breach.
To enhance the security 🔐 of their accounts, users are advised to enable two-factor authentication, use strong and unique passwords and update them regularly, be cautious of malware and phishing attempts, and consider withdrawing cryptocurrencies to their own wallets.
