Binance challenges four myths about cryptocurrency use and adoption
The use of cryptocurrencies extends beyond investment, as platforms incorporate artificial intelligence systems to prevent fraud and facilitate access to digital assets.
More than 15 years after the emergence of cryptocurrencies, their use for payments and transfers, security mechanisms, and educational tools have become part of the ecosystem’s applications, which is still surrounded by questions about its risks and uses.
In July 2026, Binance surpassed 323 million registered users worldwide. In this context, the platform presents four myths about digital assets related to speculation, security, the knowledge required to use them, and their relationship with traditional finance.
The examples presented by Binance cover stablecoin payments, artificial intelligence-based fraud prevention systems, educational resources, and commercial agreements involving digital assets.
Myth 1: Crypto is only for speculation and has no everyday use
For years, the conversation about crypto revolved almost exclusively around price. However, stablecoins, digital assets designed to maintain a stable value, generally pegged to the dollar, are also used to make payments, send money, and preserve the value of savings.
Data from Binance Pay show changes in the value of transactions conducted on the platform. In 2023, many transfers were worth around one dollar and served to test how the technology worked. Today, Binance Pay records micropayments of approximately $18, associated with real-world transactions. In addition, around 60% of the stablecoin payments observed by Binance are related to cross-border transactions.
In Latin America, the Binance Card, available in virtual and physical versions, and Binance Pay’s QR code allow users to pay with digital assets at merchants.
Reality: in addition to being used for investment, digital assets are also used to make payments and send and receive money.
Myth 2: Crypto is unsafe and full of scammers
Many people approaching the ecosystem for the first time consider it inherently unsafe. In response, platforms are developing protection mechanisms that combine technological tools with human oversight.
During the first half of 2026, Binance’s artificial intelligence-powered risk management systems helped protect more than eight million users and prevent approximately $4.6 billion in potential losses. During that period, the company intercepted millions of scam and phishing attempts, added more than 42,000 malicious addresses to blacklists, and issued more than 14,000 real-time warnings daily.
To carry out these tasks, Binance operates more than 100 AI models dedicated to fraud and scam prevention, with human analysts overseeing the highest-risk cases. The company also has an internal Red Team that tests its defenses through exercises simulating real-world attacks.
“These exercises help us identify weaknesses before attackers do, validate that our controls work under realistic conditions, and continuously strengthen the people, processes, and technology that protect our users,” said Jimmy Su, Chief Security Officer at Binance.
Blockchain traceability also makes it possible to track the movement of funds. Each transaction leaves a permanent record that helps trace its origin and path, as well as facilitate cooperation with authorities. Between January and June 2026, Binance responded to more than 36,000 requests from law enforcement agencies worldwide.
Reality: platforms can use fraud prevention systems, human oversight, and cooperation with authorities to protect their users. Choosing services carefully and understanding the risks are also part of security.
Myth 3: Crypto is only for experts
Advanced knowledge of technology or markets is not essential to use digital assets. Resources for getting started in the sector include educational platforms and tools that adapt financial information to different levels of knowledge.
Binance Academy, the company’s educational platform, has more than 40 million users worldwide and is available in 23 languages.
In October 2026, Binance launched Binance Intelligence, a set of artificial intelligence tools integrated into its app. One of them, Binance AI, is free and adapts market information to each user’s level of knowledge and interests. Its features include simplified views for beginners and market summaries in text or audio.
Richard Teng, Co-CEO of Binance. “Finance has always been built for those who already understand it. Binance Intelligence closes that gap by giving everyone an intelligent partner that meets them at their level, within the same Binance app they already use. Blockchain gives everyone access to markets; AI gives them the knowledge to navigate them.”
Reality: educational resources and tools are available to adapt market information to different levels of knowledge, without requiring prior experience to begin learning about the sector.
Myth 4: Crypto and traditional finance are separate worlds
A few years ago, cryptocurrencies seemed to belong to a parallel universe outside the financial system. Today, the boundary between the two is becoming increasingly blurred.
In September 2026, Binance and Circle, the issuer of the USDC stablecoin, announced a $100 million capital investment and a new five-year commercial agreement to promote the use of USDC on the platform.
Reality: stablecoins serve as a bridge between traditional finance and crypto infrastructure, expanding access to products that were previously difficult to reach.
The use of digital assets for payments and transfers, fraud protection systems, educational tools, and agreements involving stablecoins illustrate the various applications Binance highlights across the ecosystem. These initiatives are presented in a context in which the company seeks to promote informed and safe adoption of digital assets.
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