#security Binance has built a reputation for high security standards. It uses advanced security protocols such as two-factor authentication (2FA), cold storage for the majority of user funds, and its own insurance against potential hacks. In 2019, Binance experienced a hacking attack, but the platform was proactive by reimbursing the lost funds from its own resources, which strengthened user trust.

Advantage: Binance gives users the assurance that their assets are well protected and ensures transparent and fair treatment in the event of security incidents.