*What is SAFU in Binance?*
SAFU stands for Secure Asset Fund for Users.
It is Binance's $1 Billion+ emergency insurance fund. Binance puts 10% of all trading fees into it since 2018.
If there is a hack or major loss, users are paid from SAFU. That's why Binance says "Funds are SAFU."
Your coin quantity is always safe. Only the interest (APR) and market price goes up and down.
#Binance #SAFU #Crypto
SAFU stands for Secure Asset Fund for Users.
It is Binance's $1 Billion+ emergency insurance fund. Binance puts 10% of all trading fees into it since 2018.
If there is a hack or major loss, users are paid from SAFU. That's why Binance says "Funds are SAFU."
Your coin quantity is always safe. Only the interest (APR) and market price goes up and down.
#Binance #SAFU #Crypto