*What is Proof of Reserves (PoR)?*
PoR is how an exchange proves it actually holds your funds 1:1.
Simple example:
If users deposit 100 $BTC, the exchange must hold 100 $BTC in reserve. Not 80, not 50. Full 100.
*Why does it matter now?*
After the recent incident, Binance expanded PoR from 10 tokens to 44 tokens. That means more transparency for users.
*How to check it yourself:*
Binance App > Proof of Reserves > Verify your own assets with Merkle Tree
*3 things to remember:*
1. PoR = Transparency, not guarantee
2. Always check if your exchange publishes PoR
3. Your funds should be verifiable
Did you know about PoR before today? Yes / No - comment 👇
$BTC $ETH
#Binance #Learn #cryptoeducation #ProofOfReserves #dyor
PoR is how an exchange proves it actually holds your funds 1:1.
Simple example:
If users deposit 100 $BTC, the exchange must hold 100 $BTC in reserve. Not 80, not 50. Full 100.
*Why does it matter now?*
After the recent incident, Binance expanded PoR from 10 tokens to 44 tokens. That means more transparency for users.
*How to check it yourself:*
Binance App > Proof of Reserves > Verify your own assets with Merkle Tree
*3 things to remember:*
1. PoR = Transparency, not guarantee
2. Always check if your exchange publishes PoR
3. Your funds should be verifiable
Did you know about PoR before today? Yes / No - comment 👇
$BTC $ETH
#Binance #Learn #cryptoeducation #ProofOfReserves #dyor
