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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.

DeFi Staking On Binance DeFi staking can be risky , and for this reason, Binance vets their DeFi staking partners to minimize risks to their customers. However, while DeFi staking on Binance features high APYs, there is still risk involved as Binance is not responsible for any on-chain smart contract security issues.

Safety – we don’t hold users’ funds as other trading platforms do . No KYC/AML – because, again, we don’t hold users’ funds. Speed – because we don’t hold user funds – all trades happen directly between users wallets. Before you trade real Bitcoin, feel free to learn using our TESTNET.