There are no fees when depositing crypto assets on Binance with Bitcoin (BTC), Tether (USDT) and Ethereum (ETH) . You’ll first need to exchange your fiat for crypto and then make your deposit.
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No built-in digital wallet available: While some popular exchanges have built-in digital wallets, Binance does not . It recommends Trust Wallet, which has a good reputation but may only offer limited support if there are issues with Binance transfers.
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Binance has a secure asset fund for its users to help protect their money . Also called SAFU for short, this fund keeps a portion of every fee taken by Binance in case a financial loss happens. The SAFU was established in 2018 and it will allow users to get refunded if any money gets lost because of Binance.
Read moreIs the Binance wallet safe?
Binance offers a relatively secure, versatile way to invest in and trade cryptocurrencies . Binance could be overwhelming for beginners and experienced traders alike. Binance offers lower fees than many other cryptocurrency exchanges.
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