Binance is a Cryptocurrency trading application or you can say it crypto trading platform. you can trade coins and invest money and make profit Daily, Monthly, Yearly.
i use Binance application from few years and my personal thought on this application is clear. you can read about binance application. on the basis of my use and my first trade profit i suggest you if you are new in cryptocurrency world you definitely try Binance app also it has both lite and pro version free.
In any crypto trading application their is always some risk it will depend on application some are trusted but most of are fake and some times it will give you fake profit without any crypto knowledge.
You can trust and take a risk but before entering in any trading application don't give full access and add fund in those application without 30% information about application.
also keep in mind learning trading knowledge, information and basic thing are must that change your mindset about risk,lose and scam and you take right decisions.
In short if you have some basic information about the cryptocurrencies and crypto trading you can easily differentiate and take decision in any risk lose and scam.
Read -
Which are the fake crypto trading application (Exchanges)
what is crypto scam ? -
cryptocurrency is decentralize currency which doesn't control by any government or any organisation so it is tax free and rule free, user is not under any rules.
crypto scam is just a misleading scheme that manipulate cryptocurrency users and investor, businesses and financial gainer by phishing scam by creating fake website and take user login information and send fake misleading Emails.
another one is fake wallets and fake exchange that created by scammers and scammers fooling investor business and users like you and me into depositing their funds their hardboard money into non existing wallets exchanges and platform.
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