The most common scams on Binance include:
- Phishing scams: Scammers try to obtain confidential information, such as passwords or private keys, through fake emails or messages that appear to come from Binance.
- Investment scams: Scammers promise unrealistic or guaranteed returns on investments in cryptocurrencies or dubious projects.
- Trading scams: Scammers offer automated trading services or investment advice that seems too good to be true.
Tips to avoid scams on Binance
- Verify the authenticity of messages: Binance will never ask for confidential information via email or direct message. Always verify the authenticity of messages before responding.
- Research before investing: Before investing in any project or cryptocurrency, research its legitimacy, history, and the team behind the project.
- Use two-factor authentication: Enable two-factor authentication (2FA) on your Binance account to add an extra layer of security.
- Keep your private keys secure: Never share your private keys or recovery phrases with anyone.
- Be wary of offers that seem too good to be true: If an offer seems too good to be true, it probably is. Be cautious of automated trading services or investment advice that promise unrealistic returns.
- Use only official channels: Use only the official Binance channels to communicate with the support team and get information about the platform.
In short... Be wary of those who claim to make thousands of dollars daily, especially on Telegram. Between you and me, do you think if they really did it, they would tell you how to do it so you could compete with them?
Luis Ceballos Bisamon
