$BTC Main Takeaways

DApps are blockchain-based applications with smart contract-powered backends that enable decentralized crypto interactions without intermediaries.

The DApp landscape offers unprecedented utility and holds massive potential, but it can also expose users to risk. Common scam tactics in this space include social engineering, approval phishing, signature phishing, and fake blockchain rectification sites targeting users’ wallets.

Protect yourself by verifying DApps, understanding permissions before approving, using Binance Wallet’s security features, and never sharing your seed phrase or private keys