Familiar thought? Have you heard about Binance from social media or the news—maybe even created an account to make a transfer. But entrusting your money to an exchange is still a bit scary. Somewhere in your head, there’s this: “Crypto is a scam; there’s nothing real behind it, and if something goes wrong—you won’t be able to prove anything.”

And that’s healthy caution. The good news is that you don’t have to trust anyone blindly — Binance’s reliability can be verified by yourself.

Binance has a mechanism called Proof of Reserves — proof of reserves. In simple terms: this is a public confirmation that users’ funds are backed by real coins, one-to-one. That is, for every USDT dollar you have on Binance, the exchange’s reserves contain an actual USDT.

Here’s how it works. Binance takes a snapshot of all users’ balances and combines them into a single overall “fingerprint” — as if millions of amounts were merged into one final number that shows the total volume, but not who has how much.

Your balance is included in this check, but your personal numbers remain hidden — and you can’t see other people’s numbers either. On top of that, there’s a mathematical method that prevents the exchange from cheating: it confirms that all balances were added honestly and that no one has a hidden “minus” that would reduce the total amount of debts owed to users.

The most important thing is that you can check it right now, on your own. Go to the Proof of Reserves section on the Binance website and see the coverage ratio for each asset — for all key coins it is kept at no less than 100%. This means Binance’s reserves are even more than the exchange owes to users. And using your own personal Record ID, you can verify that your balance was actually included in this snapshot.

Binance publishes such a report every month — it’s already been more than thirty in a row, and they are open to anyone, anytime.

→ How to check this yourself: step-by-step guide in the blog

You don’t have to take anyone’s word for it. You can verify 💛