Donald L862_ Bailey

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What is Binance and is it safe?

Binance is the world’s largest cryptocurrency exchange by trading volume. It offers spot, futures, staking, and various DeFi services. Binance provides strong liquidity, wide asset support, and advanced tools for traders. Security features include two-factor authentication, cold storage, and proof-of-reserves systems. However, Binance has faced regulatory scrutiny in multiple jurisdictions, leading to restrictions in some regions. While generally considered safe for trading, users should enable all security settings and avoid storing large holdings on the platform. For long-term storage, non-custodial wallets are recommended.