#BinanceSafetyInsights To stay safe on Binance, consider these key insights:
Protecting Your Account
- *Use a Security-Forward Wallet*: Choose wallets with robust security features, like Binance Wallet, which detects and filters out spam tokens and suspicious approvals.
- *Double-Check Token Details*: Verify token contracts and details before interacting with them to avoid potential scams.
Identifying Spam Tokens
- *Be Cautious of Unknown Tokens*: If you receive tokens you didn't buy, trade for, or earn, they might be spam. Check their source, name, and icon.
- *Watch for Red Flags*: Tokens with names like "FreeETH" or "BonusAirdrop" are likely spam. Legitimate tokens usually have proper metadata and a stable value.
Best Practices
- *Stay Informed*: Keep up-to-date with the latest scam tactics and security measures through Binance's blog and academy.
- *Report Suspicious Activity*: If you find spam tokens or suspect a scam, report it to Binance's customer support.
- *Revoke Unnecessary Approvals*: Regularly review and revoke approvals for smart contracts you no longer use to prevent potential losses ¹.