Binance is considered a safe crypto exchange with low commissions, a large variety of coins and advanced trading tools ¹. It has the following security measures in place ² ¹:

- Cold wallets: The majority of Binance's crypto is stored offline, in cold wallets.

- Two-factor authentication (2FA): Binance offers 2FA for account logins and withdrawals.

- Real-time monitoring: The platform tracks all actions and identifies unusual activity.

- Access control: Users can set up access control mechanisms, like limiting withdrawals to certain IP addresses or wallet addresses.

- Organizational security: Binance uses advanced security systems, including threshold signature schemes (TSS).

- Security notifications: Users receive email notifications if suspicious activity is detected.

- Data encryption: Personal data is stored in encrypted form.

- Secure Asset Fund for Users (SAFU): Binance has a $1 billion fund for reimbursement in case of a major breach.