Recently, due to the alpha score increase, I have been a little addicted to using wallets. I haven’t traded on the exchange platform for a long time. But this afternoon, I spent 100U on Binance Wallet and learned a lesson.

The thing is, this afternoon, during my free time at work, I habitually thought of going to Binance Wallet to compete in the rankings (that is, go to the wallet market page, find the top of the recent 1-hour increase rankings to trade, and quickly enter and exit to earn the difference). Over the past few days, I feel that the winning rate is quite high. For safety reasons, I think the coins on the BSC chain are more reliable, so I chose the list on the BSC chain.

The first time, I bought 100U of #EGL1. I was lucky. I made 6U in 3 to 5 minutes and sold it directly. Then I started the second operation and bought a #Z, but I didn’t have the same luck as before, so I had to wait. While waiting, I continued to refresh the list. At this time, a Z4 came out. I looked at the increase and K-line trend, and then looked at the coin information. Various detection information prompts that there is no risk, so I didn’t think too much and directly set 100U to buy. Sure enough, the first purchase failed. This is too common for rankings because of the large fluctuations. So I quickly refreshed and bought again. The purchase was successful, and I felt secretly happy.

After a while, the Z4 started to rise. In a blink of an eye, it rose by 3U. I was ready to sell on the selling page, but when I got to the authorization page, it said that the balance was insufficient. I thought it was a bug in the Binance wallet, so I cleared the cache and tried again. It still didn't work, so I deleted the entire memory storage of the Binance APP and re-imported the wallet. It still didn't work, so I recorded a video and prepared to send it to customer service. At this time, the Z4 was still rising and had risen to 130. I was so excited, but I couldn't trade it and it kept saying that the balance was insufficient.

I found the customer service and asked the reason. After several rounds of processing, I was finally asked to wait for 25-45 minutes. While waiting, I went back to my wallet to check and found that the coin had risen to 140. At this time, the coin had been marked as Pi'an coin. Ten thousand cnm flew through my mind. So, I only placed my hope on Binance's customer service.

After about 50 minutes of waiting, he finally responded, but his answer was still disappointing. He replied:

The situation you are experiencing may be caused by the fact that the currency itself is a high-risk fraud token. Malicious contracts can control transaction data and even transfer or use user-owned tokens.

Unfortunately, we cannot help you further because we cannot intervene in transactions on external chains.

What makes me depressed is that I didn’t find this Pixiao coin by myself, I got it from your list, and the customer service’s answer was:

The wallet is a self-custodial product, which is different from the spot trading of the exchange. The relevant data is automatically generated based on the on-chain data and market performance.

At this point, I can only silently bear the loss of 100U. Fortunately, it was only 100U. Although I am very unhappy with Binance’s customer service, there doesn’t seem to be any problem. After all, they also suggested that I call the police. I sincerely thank the customer service for their advice.

In addition, I would like to ask my friends in the community to be careful when trading with wallets. Even if it is a Binance wallet, it is essentially a wallet, not a trading platform, and is not protected by Binance. Everyone must remember not to step into the trap.

Finally, I hope you can seize the opportunity to earn more. If there are no good opportunities, then read more books to learn more about what web3 is and what decentralization is.