Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a crypto developer.
Frequently Asked Questions
Please reach us directly on the Contact Us page if you cannot find an answer to your question.
Why does Binance ask for so much information?
In certain cases, we collect and use your personal information to comply with laws and regulations. Binance process personal information to prevent and detect fraud and abuse in order to protect the security of our users, Binance Services and others. 15 Sept 2021
Is Binance trustworthy?
Binance is considered a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa). On May 7, 2019, Binance experienced a major hack which resulted in 7000 Bitcoins stolen from the exchange.
Is Binance bigger than Coinbase?
Clearly, if comparing Binance vs Coinbase, the bigger active user base is gathered by Binance with around 13.5M users. Whereas Coinbase has around 13.3M active users. If we look at the cryptocurrencies that are accepted by these exchanges, we can see that Binance has a higher number of acceptable crypto than Coinbase.