Can Binance hold my money?

I've been hearing a lot about Binance lately, and I'm considering investing my money there. But before I do, I want to know: Can Binance really hold my money safely? I've heard stories about crypto exchanges being hacked or going bankrupt, and I'm worried that my funds might be at risk. I understand that Binance is one of the largest and most popular exchanges, but that doesn't necessarily mean it's the safest option. Can you provide me with some insight into how Binance handles user funds and whether or not it's a reliable platform for storing my money?