Binance is often considered one of the safest exchanges in the world if you consider the level of security
If the exchange crashed or a hacker stole
assets or funds, the SAFU reimburses its users from the $1 billion fund.
Not every platform has an insurance fund in place.
But Binance responded quickly with the promotion of
Richard Teng
,
a former finance regulator, as CEO. Teng is a former head of the Abu Dhabi Global Market
Binance is often considered one of the safest exchanges in the world if you consider the level of security