Yes, Binance protects user assets in four ways you can check for yourself:
1. Reserves backed 1:1, verifiable by you: Binance publishes regular Proof of Reserves snapshots showing user assets are backed at least 1:1. You can confirm your own balance is included using the zero-knowledge proof on the
Proof of Reserves page, which shows the latest snapshot date and the tokens covered.
2. An emergency fund for security incidents: The Secure Asset Fund for Users (SAFU), established in 2018, exists to protect users in rare emergencies. Its wallet address is public, so anyone can check its balance:
SAFU page.
3. Users don’t bear the cost of security incidents. When Binance was hit by a security incident in October 2026, it covered the losses from SAFU and company funds, and no user balance was reduced. The full record of that incident and the recovery is on the
security incident update page #9 (latest).
4. Licensed and registered in multiple jurisdictions. Binance’s services and their availability vary by country. See which Binance entities are licensed or registered where you live on the
licenses page.
Check live status: for current withdrawal availability by asset and network, see the
network status page. For any active incident, see
Binance announcements.
Protect your own account: Binance will never ask for your password, 2FA codes or a transfer to “secure” your account. Rely only on official Binance channels. Enable 2FA and a withdrawal whitelist.
