Binance is an online exchange where users can trade cryptocurrencies. They support many of the most commonly traded cryptocurrencies. Binance provides a crypto wallet for its traders, where they can store their electronic funds. The exchange also has supporting programs that help traders make investment decisions.
Is Binance safe?
Binance is considered a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa). On May 7, 2019, Binance experienced a major hack which resulted in 7000 Bitcoins stolen from the exchange.