Crypto Exchange Reviews · November 7, 2020

Is Binance a Safe Crypto Exchange?

Binance is one of the most reputed crypto exchanges available out there. It’s an international crypto currency exchange that supports a platform capable of trading for more than hundred digital currencies. Binance is the biggest crypto exchange when it comes to exchanges with higher trading volume.

Is Binance a Safe Crypto Exchange?

Is it safe to use Binance for crypto ventures?

Binance is widely considered a safe choice among the majority of crypto users and investors all over the world. This is because it employs industry’s latest security measures to deter all types of hacking attempts. It supports two factor authentication along with other security measures. However, the exchange has experienced a major hack in 2019, which caused a loss worth 7000 bitcoins.

What locations or countries does Binance support?

Binance is operating in 40+ countries, including USA, Belarus, Albania, Bosnia, Central African Republic, Burma, Democratic People’s Republic of Korea, Democratic Republic of Congo,Croatia, Cuba, Herzegovina, Cote D’Ivoire, the Crimea region of Ukraine,  Iran, Iraq, Kosovo, Liberia, Libya, Lebanon, Macedonia, Somalia, Moldova, Serbia, Sudan, South Sudan, and Syria.

How many coins Binance supports?

Binance supports trading in 150+ crypto coins, including the most popular ones like Ethereum, Bitcoin, Litecoin, and its own BNB tokens, and the list still continues to expand. The word Binance is a combination of two words; binary and finance.

How to withdraw funds from Binance?

Cashing out on Binance is easy, and the platform also assists you in withdrawing your funds.  Just login to your account and choose ‘’Funds-Withdrawal’’ on the top of the page. Enter the token/coin you want to withdraw. Provide your wallet’s address and hit ‘’Submit’’ button.

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