Binance is considered one of the largest and most famous digital currency trading platforms in the world, but its reliability depends on several factors that must be taken into consideration:

### 1. **Reputation and Size**:

- Binance has a huge user base (millions of users) and high trading volume, making it a liquid platform for most currencies.

However, it has faced criticism and legal challenges in several countries (such as the United States, the United Kingdom, and Japan) due to concerns about regulatory compliance.

### 2. **Regulation and Compliance**:

- Binance faces investigations and fines in some countries (such as a $4.3 billion fine in the US in 2023 for money laundering charges). These issues raise questions about its full compliance with local laws.

- In some regions (such as Europe), Binance operates under regulatory licenses, but may be restricted in other countries (such as India).

### 3. **Security**:

- Binance uses advanced security measures such as:

- Most assets are stored in **cold wallets** (offline).

- Two-factor authentication (2FA).

- SAFU (Contingency Fund to Cover Losses in Cases of Hacking).

- It was hacked in 2019 (7,000 Bitcoins stolen), but it compensated those affected from its own money.

### 4. **Features and fees**:

**Features**: Trading hundreds of currencies, borrowing services, futures trading, Staking, and more.

- **Fees**: Competitive (0.1% for regular trading, with discounts when using BNB).

### 5. **Technical Support**:

- Some users receive complaints about slow technical support or sudden freezing of accounts for security or regulatory reasons.

### Advice:

- **If you are a beginner**: Start with small amounts, and make sure all security settings are enabled.

- **If you are in a country with strict laws**: Check if Binance is licensed in your region (e.g. using Binance.US in the US).

- **Regulated Alternatives**: You may prefer platforms like **Kraken** or **Coinbase** (especially in the US) for their regulatory reputation.

### Conclusion:

Binance is relatively reliable for experienced users who understand the risks of cryptocurrencies, but regulatory issues and account security should be approached with caution. Always store long-term assets in external wallets (such as Hardware Wallet).