Is it safe to keep crypto on Binance?

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.

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.

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.