Binance has strict rules to ensure fair trading practices. Key prohibited activities include:
*Prohibited Activities*
1. *Wash trading*: Faking trading volume is not allowed.
2. *Multiple accounts*: Bypassing limits by using multiple accounts can result in an instant ban.
3. *API manipulation*: Using bots to manipulate the market is strictly prohibited.
*Consequences*
1. *Zero tolerance*: Binance has a zero-tolerance policy for unfair practices.
2. *Instant ban*: Breaking the rules can result in an instant account ban without warnings.
3. *24/7 monitoring*: Binance's security team closely monitors user activity.
*Best Practices*
1. *Trade fairly*: Engage in legitimate trading practices.
2. *Follow the rules*: Adhere to Binance's guidelines to avoid account suspension.#BinanceSquareTalks #BinanceSquareFamily #TariffPause #BTCvsMarkets #TradeFair $BNB