#BinanceSafetyInsights What are the risks of using Binance?

Let’s walk through the risks of Binance:

Platform Breaches: Binance has faced multiple hacks in its history. However, the company’s insurance fund has been used to fully compensate users for lost assets.

Phishing scams: Scammers often impersonate support representatives from Binance to hack into customer accounts. However, it’s important to note this type of scam is not just limited to Binance — it’s common across the cryptocurrency ecosystem.