Question 1

1. What is KYC in Binance?

Accepted Answer

KYC is a verification process that is essential for financial institutions, including crypto exchange platforms, including Binance, to verify and identify their clients.

Question 2

2. Is Binance safe?

Accepted Answer

Yes, Binance is safe because it has advanced security measures and industry-leading protocols.

Question 3

3. Who founded Binance?

Accepted Answer

Changpeng Zhao founded Binance.

Question 4

4. When was Binance launched?

Accepted Answer

Binance was launched in July 2017.

Question 5

5. Does Binance offer a mobile app?

Accepted Answer

Yes, Users can download the Binance app on iPhones and Android devices.