What is Binance cloud mining?

Binance Cloud Mining enables users that don’t have access to mining equipment to earn mining rewards from the Binance Pool. You can purchase hashrates from the Cloud Mining products and start accumulating rewards in your Funding Wallet. How to subscribe to a Cloud Mining product? 1.Log in to your Binance account and click [Earn] - [Binance Pool].

Can I use Binance Tax Reporting API with Crypto tax software?

Use the Binance tax reporting API and crypto tax software like Koinly. If you use the Binance tax reporting API with crypto tax software - all your Binance transaction history will be automatically imported to your chosen crypto tax app. You can see instructions on Koinly & Binance API integration here or here for US users.

How transparent is Binance compared to other crypto exchanges?

Despite attempts at more transparency, Binance still operates in an opaque manner compared with traditional financial entities. Many clients are choosing to withdraw funds from Binance and other exchanges, opting for safer offline crypto storage. Incidents such as the USDC withdrawal pause only to back this up.

How secure is Binance?

Binance stores 10% of all trading fees in a secure asset fund to protect a share of user funds. Personalized access control allows you to restrict devices and addresses that can access your account, for greater ease of mind. Your transaction data is secured via end-to-end encryption, ensuring that only you have access to your personal information.