Binance, Exchanges

Is Binance a Wallet or Exchange?

Binance is one of the most popular cryptocurrency exchanges in the world. Founded in 2017, Binance has grown to become one of the largest exchanges in terms of trading volume.

Binance offers a wide range of features, including a spot exchange, margin trading, derivatives, and more. However, one question that often comes up is whether Binance is a wallet or an exchange.

So, what is Binance? Binance is primarily an exchange. This means that users can buy and sell cryptocurrencies on the platform. However, Binance also offers a wallet service.

This allows users to store their cryptocurrencies on the platform. Binance wallets are protected by industry-leading security features, such as 2-factor authentication and multi-signature technology.

So, is Binance a wallet or an exchange? Both! Binance offers a spot exchange as well as a wallet service. This makes it one of the most versatile cryptocurrency platforms in the world.

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