Binance operates as one of the world’s largest cryptocurrency trading platforms, offering a wide range of services including spot trading, futures, margin trading, and peer-to-peer (P2P) transactions. Users begin by creating an account and completing identity verification (KYC). Funds can be deposited via fiat or crypto, and trades are executed through a user-friendly interface. Binance supports various order types and advanced tools like trading bots and stop-limit orders. Holding Binance Coin (BNB) offers fee discounts, enhancing cost-efficiency. The platform features strong security measures such as two-factor authentication and cold storage. Binance also provides educational resources, 24/7 support, and access to decentralized finance (DeFi) tools, staking, and NFTs.