Binance
**Binance** is the **world’s largest cryptocurrency exchange** by trading volume. It offers a platform for buying, selling, and trading digital assets like Bitcoin (BTC), Ethereum (ETH), and its own native token, **BNB (Binance Coin)**.
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### 🧩 **Quick Overview**
| **Aspect** | **Details** |
| ----------------- | ------------------------------------------------------------------ |
| **Founded** | 2017 |
| **Founder** | Changpeng Zhao (CZ) |
| **CEO** | Richard Teng (as of late 2023) |
| **Token** | BNB (Binance Coin) |
| **Services** | Spot trading, futures, staking, NFTs, DeFi, crypto loans, and more |
| **Users** | Over 150 million worldwide |
| **Jurisdictions** | Operates globally, with varying compliance across countries |
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### 🔧 What Can You Do on Binance?
* **Buy/Sell Crypto**: Using fiat (USD, EUR, BDT, etc.) via cards, bank transfers, or P2P
* **Trade Crypto**: Spot, margin, and derivatives (futures/options)
* **Staking & Savings**: Earn interest on holdings
* **Launchpad**: Invest early in new crypto projects
* **NFT Marketplace**: Buy and sell non-fungible tokens
* **Web3 Wallet**: Self-custody of your crypto (Binance Web3 Wallet)
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### 🔐 Is Binance Safe?
* **Security Features**: 2FA, cold storage, SAFU insurance fund
* **Risks**: Regulatory actions in some countries; phishing scams (always double-check URLs)
* **Compliance**: Binance has faced scrutiny from regulators (e.g., SEC, EU), but has been actively improving its legal and compliance structure
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### 🌍 Binance in Your Country
Binance is available in most countries, but not all features are accessible everywhere due to local laws. Let me know your country if you want to check what's available there.
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### 💡 Why Use Binance?
✅ Low fees
✅ Huge variety of coins
✅ Strong liquidity
✅ Beginner & pro tools
✅ Mobile & desktop apps
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Would you like help setting up a Binance account, buying crypto like BNB or BTC, or comparing Binance with another platform (like Coinbase or Bybit)?
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