binance is now safe for spot trading or not?

[Junii]

''I'm a spot trader .I'm using binance exchange -are my funds safe on this exchange or not?''

[Charles-Tim]

Binance can be used for spot trading. It is safe for spot trading.

But Binance should not be used to hold your coins. Noncustodial wallets are better to hold your coins. Use cold wallet if you have high amount of coins.

[Odusko]

Binance have no bad history with it spot trading as a matter of fact spot trading have the lowest risk ratio compared to future trading, the last time in hard some market manipulations on Binance was on the derivatives market and for that reason Binance even compensated those that were affected by the market crisis that cause alot of liquidations.

[Mrbluntzy]

-are my funds safe on this exchange or not?''

Any address used in holding your coins or tokens and you don't have the secret phrase or private key of that wallet, it means that you are not completely the own of that coins. You can use binance exchange to trade your spot coins and tokens but you don't have to save your coins on the exchange because centralized exchanges are not the safest place to hold your coins but rather in a self custody wallet which give you full control on your asset.

[Bitcoin_Arena]

An exchange should just be used to trade/swap/exchange coins and nothing else more than that. Since you are a spot trader, are you a day trader? Scalp trader? Or you are the guy who buy and keeps the coins long term?
If you are a short time frame trader then you can not avoid having your coins in an exchange most of the time but if you are the long term holder then it's, not safe to keep them in an exchange even if it's Binance.

Also, remember to always deposit and trade only what you can afford to lose.