Despite Binance's strength as a cryptocurrency exchange platform, scammers are always on the lookout to trap users, often exploiting their ignorance or haste. Here’s an overview of the most common scams to watch out for.

1. Phishing sites

Near-perfect copies of Binance are circulating on the Internet. They have addresses very similar to the original (e.g., binanse.com instead of binance.com). Once your credentials are entered, scammers can steal access to your account. Tip: add the official site to your favorites and only use direct links. Also, enable two-factor authentication (2FA) to enhance security.

2. Fake customer support on Telegram or WhatsApp

Scammers impersonate Binance agents and contact you after a simple question asked in a Telegram group. They ask for your password or recovery phrase under the pretense of assistance. Important: Binance never contacts you via private message. All official communication goes through the platform.

3. Fake airdrops and contests

These scams promise to send you BNB, BTC, or ETH if you send a small amount in return. An address is provided, often with a fake page imitating an official contest. Golden rule: a legitimate airdrop will never ask you to pay anything.

4. 'Pump & dump' scams

Some groups organize market manipulations on small cryptocurrencies. They make you believe in a project that will explode, while in reality, the organizers sell their tokens while you buy. These maneuvers are illegal and risky. Always do your own research (DYOR).

5. Fraudulent mobile apps and browser extensions

Fake Binance apps are circulating on the Play Store or through direct downloads. Once installed, they steal your credentials. The same goes for some Chrome extensions. Only download from the official links provided by Binance.

6. Scams involving 'guaranteed investments'

Strangers (often via social media) promise to manage your portfolio on Binance with returns of +10% per week. Once you give them access via the API or send them funds, they disappear. Never trust a third party with your account.

Conclusion:

Scammers are becoming increasingly sophisticated. Even experienced users can fall into the trap of fake information or a well-mimicked site. The best defense remains vigilance, common sense, and ongoing training. Never click on a dubious link, do not share any sensitive information, and in case of doubt, contact official support directly through the Binance platform.