What is "Proof of Reserves"? A beginner's guide 🔍
After the Binance hack, everyone is waiting for its new report. Here's what it means:
✅ It shows an exchange held at least X coins on one specific date
✅ You can check that your own balance was counted
What it can't show:
⚠️ Whether every debt the exchange owes is included
⚠️ What happens after the snapshot date
So it's a helpful transparency tool, not a guarantee. Read it as one piece of evidence.
My rule: keep only what I need on any exchange.
Facts are still changing, so verify on official pages. Not financial advice.
Will you check your balance in the report? 👇
#Binance #ProofOfReserves #CryptoForBeginners #cryptouniverseofficial #CryptoScamAlert $BTC $PEPE