⚠️ Beware of these issues when using the Binance platform
The Binance platform is one of the most popular trading platforms in the world, but as a cryptocurrency market, it has some risks if you're not careful. Here are the key points you should be very cautious about:
1. ❌ Phishing Links
Beware of:
Fake links claiming to be Binance
Websites that resemble the official design
🔒 Tip:
Only enter the platform from the official link:
https://www.binance.com
2. ❌ Entities claiming to help you or invest for you
Beware of:
People on Telegram/Facebook saying: "We manage your account with guaranteed profit"
Accounts impersonating Binance or its employees
🔒 Tip:
Binance does not ask for your data and never manages your wallets.
3. ⚠️ High leverage without experience (Leverage)
Severe risk to your account:
Many use 10x or 20x leverage without sufficient understanding
At any slight fluctuation, accounts get liquidated
🔒 Tip:
Use a small leverage only if you're confident in your analysis, and always activate stop-loss
4. ⚠️ Not using two-factor authentication (2FA)
Your account is easy to hack if you don't enable Google Authenticator or SMS
🔒 Tip:
Enable 2FA from settings > Security, and keep the Backup Code.
---
5. ⚠️ Trading unknown coins (Low Cap Tokens)
Some new coins can be easily manipulated (PUMP & DUMP)
It can spike at moments and then crash completely
🔒 Tip:
Do not enter any coin whose project you do not know or does not have real trading volume.
---
6. ⚠️ Leaving funds in the instant wallet
Any hack or glitch may expose your funds to risk
🔒 Tip:
If you don't trade daily, transfer your funds to:
Cold Wallet like Ledger
Or at least an internal wallet secured with a secret phrase
---
7. ⚠️ Transferring funds incorrectly
Common mistakes:
Sending USDT via a non-matching network (TRC20 to ERC20)
Or writing an incorrect address
🔒 Tip:
Check the wallet address carefully, and verify the network (TRC20 / BEP20 / ERC20) before sending.
