coingecko (thumbnail mini)
Continue in app
Track prices in real-time
coingecko (thumbnail mini)
Continue in app
Track prices in real-time

Secure Asset Fund for Users (SAFU)

By CoinGecko | Updated on Mar 03, 2020
On the 3rd of July, 2018, Binance announced the Secure Asset Fund for Users (SAFU) as an emergency insurance fund to protect their users in the event of any hacks or security breaches. The SAFU fund is collected as a portion of users' trading fees, and increases as more users trade on Binance

Share this with a friend!

Related Terms

UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
Bitcoin ATM
A machine from which you can buy or sell Bitcoin. Typically also offers different types of cryptocurrencies.
Bullish
A term used to indicate positive sentiment towards the market or an asset, where investors believe that there will be upward price movement.
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.