Binance is a safe and secure platform to buy and sell cryptocurrencies quickly using our streamlined buy/sell process.
Yes its safe to invest in binance.
Binance uses the latest technologies to protect its user accounts and gives more value to users’ security first and foremost.
Binance Digital Asset markets are open 24 hours a day, 7 days a week. Rapid price changes may occur at any time, including outside of normal business hours.
Transaction fee is cheaper unlike Coinbase and Bittrex site and app is super easy to use. It also gives you the option to place an order as Market, LIMIT and STOP-LIMIT order, which i feel is mandate for a trader.
There’s no doubt about it,binance is making big waves. You’ve probably been hearing more and more about it on the news, and heard people talking about it more. But there are those who’ve been just reading the headlines and discussing it — while others are busy getting to work on becoming part of this revolution — and grabbing the huge opportunities.
Binance Wallet: Most trading platforms also serve as crypto wallet, which makes allot of sense. Its much more easier to trade when you can actually store your crypto in same platform. And Binance is no exception and you can access the Binance crypto wallet feature from its Mobile App.
Binance – which is home to over 100 million users worldwide – has facilitated trillions of pounds worth of trading activity in the first six months of 2021 alone. The platform offers hundreds of cryptocurrencies that you can buy, sell, and trade online to via the Binance app.
So, is Binance safe? Let’s take a look at some factors below:
- Cold Storage: Binance notes that the overwhelming majority of client cryptocurrency funds are stored in cold wallets. For those unaware, this means that the tokens are stored in wallets that are kept offline at all times – which makes a hacking attempt near-impossible.
- 2FA: Two-factor authentication is required whenever you attempt to log into your Binance account or you make a withdrawal. This means that Binance will send a code to your mobile phone – which will need to be entered to gain access to your account.
- Email Confirmation: In addition to 2FA via your phone, you will also need to enter a code that is sent to your registered email address.
- SAFU: The SAFU (Safe Asset Fund for Users) at Binance refers to an insurance pot that is funded through transaction fees. Put simply, the SAFU will be used in the event that Binance experiences a hack.
- Device/IP Whitelisting: Any time that you attempt to login to your Binance account from a new device or IP address – you will need to go through an additional security step. This is usually in the form of an email confirmation.
Overall, Binance is considerably safe to put your tokens in. As I remember, Binance also returned the amount of bitcoin hacked to the owners in 2009. Pretty reliable and responsible.
Btw, have you heard of a new project called Fandoms? Fandoms is a first-of-its-kind decentralized platform for artists, musicians, and all other content creators to market and sell their digital work and services to their most passionate fans, generating revenue via a subscription service, auction, or direct non-fungible token (NFT) sale enabled by the platform. Fandom’s model combines the most successful elements of some of the biggest digital content marketplaces on the Internet, such as OpenSea, Patreon, and OnlyFans, to enable fans to support their favorite content creators and get direct access to digital collectibles and exclusive content. Sounds promising right?