To protect yourself, it’s essential to be aware of common scams and how to avoid them. Here are some top scams on Binance and tips on how to safeguard your assets:

1. P2P (Peer-to-Peer) Scams

Scammers may attempt payment reversals, fake payment proof, or use third-party payments to trick you during trades.

Protection: Release crypto only after confirming payment in your account, verify buyer details, and always use Binance's escrow service.

2. Phishing Scams

Fake websites, emails, or messages pretending to be Binance may steal your login details.

Protection: Always access Binance through its official URL, avoid links in emails, and use Binance's anti-phishing code.

3. Fake Customer Support Scams

Scammers posing as Binance support may ask for sensitive information.

Protection: Only use official support channels, and remember that Binance will never ask for your password or 2FA codes.

4. Pump-and-Dump Schemes

Market manipulation artificially inflates a coin’s value, leading to losses when prices drop.

Protection: Avoid investing in low-market cap coins with sudden spikes, and rely on research instead of rumors.

5. Ponzi Schemes and Fake Investment Platforms

Scammers promise guaranteed returns using funds from new investors.

Protection: Avoid investments with “guaranteed returns” and research platforms thoroughly.

6. Fake Airdrops and Giveaway Scams

Scammers promote fake giveaways asking for small crypto payments in return for more.

Protection: Never send funds for giveaways, and verify events through official sources.

7. Fake Binance Apps and Wallets

Fraudulent apps capture your login details.

Protection: Only download apps from Binance's official website or trusted app stores.

8. SIM Swapping Attacks

Scammers intercept your phone number to access 2FA codes.

Protection: Use app-based 2FA instead of SMS and enhance mobile account security.

9. Fake ICOs

Scammers create fraudulent Initial Coin Offerings (ICOs) to steal funds.

Protection: Research the team and development plan behind any ICO before investing.

General Safety Tips

Enable Two-Factor Authentication (2FA): Use app-based 2FA for added protection.

Whitelist Withdrawal Addresses: Ensure only pre-approved addresses can receive withdrawals.

Monitor Your Account: Regularly check for suspicious activity in your login history and withdrawals.

By staying vigilant and following these safety practices, you can better protect your assets while using Binance. Always conduct thorough research a

nd avoid engaging in trades or investments that seem too good to be true.#USJoblessClaimsDip #BTC67KRebound #BTCETFDemandSurge #BTCMiningDifficultyRecord #BTCETFDemandSurge #ScrollOnBinance