Binance Says Knowing the Platform Helps Users Avoid Scams

Binance is using a security-focused blog post to argue that understanding what the exchange is, and is not, is one of the clearest ways to avoid scams. The post frames basic product distinctions, including the difference between Binance's custodial exchange accounts and its self-custody wallet product, as part of user protection. In the post titled Understanding What Binance Is (And Isn’t) Is the Best Defense Against Scams , published by Binance on 20 October 2026, the company says users should distinguish between its centralized exchange, which matches buyers and sellers and handles settlement, and Binance Wallet, which it describes as…

Source: Blockchain.News