Safety
721,900 views
49 Posts
Hot
Latest
Is Binance Trustworthy?
Thinking about using Binance for your crypto adventures? It's a popular platform, but trust is key! Here's a quick breakdown:
Pros:
Security: Binance boasts strong security features and a large user base, indicating some level of trust.
Low Fees: Competitive trading fees can save you money.
Variety: Offers a wide range of cryptocurrencies and features.
Cons:
Regulation: Binance has faced regulatory issues in some countries.
Complexity: The platform can be overwhelming for beginners.
No Built-in Wallet: You'll need a separate wallet to store your crypto.
Do your research! ️♀️
Before you dive in, consider these points and check out reviews from trusted sources.
#Cryptocurrency #Binance #Exchange #Safety
Thinking about using Binance for your crypto adventures? It's a popular platform, but trust is key! Here's a quick breakdown:
Pros:
Security: Binance boasts strong security features and a large user base, indicating some level of trust.
Low Fees: Competitive trading fees can save you money.
Variety: Offers a wide range of cryptocurrencies and features.
Cons:
Regulation: Binance has faced regulatory issues in some countries.
Complexity: The platform can be overwhelming for beginners.
No Built-in Wallet: You'll need a separate wallet to store your crypto.
Do your research! ️♀️
Before you dive in, consider these points and check out reviews from trusted sources.
#Cryptocurrency #Binance #Exchange #Safety
I've seen several posts here lately regarding airdrops, promising that you'll earn free coins in exchange of doing something "easy"
Remember kids: there's no free lunch. If someone is "giving away" some coin already listed here, don't fall for that, it's a SCAM!
Rule of the thumb: An airdrop will only happen at the beginning of a project, for someone who bought that coin at the very beginning and/or when they need to make some marketing, usually at the beginning of the project too. Don't tell me that a coin like $JUP or $MANTA that was just listed in Binance needs more marketing at this time.
Every bullmarket has those scammers lurking around, so stay safe and vigilant to not fall into those traps of free, ease money. Don't give your hard earned $BTC to those scammers!
#Write2Earn
#Safety
#Tips
Remember kids: there's no free lunch. If someone is "giving away" some coin already listed here, don't fall for that, it's a SCAM!
Rule of the thumb: An airdrop will only happen at the beginning of a project, for someone who bought that coin at the very beginning and/or when they need to make some marketing, usually at the beginning of the project too. Don't tell me that a coin like $JUP or $MANTA that was just listed in Binance needs more marketing at this time.
Every bullmarket has those scammers lurking around, so stay safe and vigilant to not fall into those traps of free, ease money. Don't give your hard earned $BTC to those scammers!
#Write2Earn
#Safety
#Tips
🚨What are your thoughts on blockchain security?🔒🔑 Let's see how do you keep your funds SAFE... #SAFU🙏 #Safety #airdropking #Funds $BTC
🚨 EXPOSING SCAMS: Real-Life Lessons from TokenMaestro - PART 1
The crypto world is buzzing with opportunities, but it's crucial to navigate safely. In this series, we delve into the deceptive realms of scams, shedding light on the tactics preying on unsuspecting investors. 🕵️♂️✨
Why This Series? Scams have cost people their savings, jobs, and careers. At TokenMaestro, we're on a mission to create awareness and empower you against these threats. Join us on this journey as we unravel the dark corners of the crypto space. Enjoy the ride! 🌐🚀
PART 1: Ponzi Schemes Unveiled
Last year, I fell victim to a Ponzi scheme, losing $200 in a crypto project promising daily returns. It started with zero dollars, and soon, I was withdrawing small amounts. The allure was undeniable – zero effort, minimal risk, and impressive returns.
👀 The Deceptive Rise: Witnessing crypto gurus claim massive profits fueled FOMO. People were earning, withdrawing, and the platform gained widespread popularity. Unrealistic promises lured in more participants, fueled by referral bonuses. Crypto influencers vouched for it, earning referral rewards instantly withdrawable to Binance.
💔 The Heartbreaking Fall: Suddenly, the website halted withdrawals, citing a "major upgrade." Panic set in as they vanished from social media. The dream was shattered, leaving investors stranded.
❌ Ponzi Schemes Unmasked: These fraudulent investment schemes promise high returns, funded by new investors rather than profit. Recognizing the signs and spreading awareness is our defense.
🤔 Your Thoughts Matter: Have you encountered similar scams? Share your experiences and insights in the comments. Let's build a vigilant community!
🔄 Stay Informed, Stay Safe: Like, share, and follow @TokenMaestro for more insights.
Together, let's fortify the crypto community against scams! 🌐🛡️ #CryptoAwareness #ScamProtection #scams #SafetyTips #Safety
The crypto world is buzzing with opportunities, but it's crucial to navigate safely. In this series, we delve into the deceptive realms of scams, shedding light on the tactics preying on unsuspecting investors. 🕵️♂️✨
Why This Series? Scams have cost people their savings, jobs, and careers. At TokenMaestro, we're on a mission to create awareness and empower you against these threats. Join us on this journey as we unravel the dark corners of the crypto space. Enjoy the ride! 🌐🚀
PART 1: Ponzi Schemes Unveiled
Last year, I fell victim to a Ponzi scheme, losing $200 in a crypto project promising daily returns. It started with zero dollars, and soon, I was withdrawing small amounts. The allure was undeniable – zero effort, minimal risk, and impressive returns.
👀 The Deceptive Rise: Witnessing crypto gurus claim massive profits fueled FOMO. People were earning, withdrawing, and the platform gained widespread popularity. Unrealistic promises lured in more participants, fueled by referral bonuses. Crypto influencers vouched for it, earning referral rewards instantly withdrawable to Binance.
💔 The Heartbreaking Fall: Suddenly, the website halted withdrawals, citing a "major upgrade." Panic set in as they vanished from social media. The dream was shattered, leaving investors stranded.
❌ Ponzi Schemes Unmasked: These fraudulent investment schemes promise high returns, funded by new investors rather than profit. Recognizing the signs and spreading awareness is our defense.
🤔 Your Thoughts Matter: Have you encountered similar scams? Share your experiences and insights in the comments. Let's build a vigilant community!
🔄 Stay Informed, Stay Safe: Like, share, and follow @TokenMaestro for more insights.
Together, let's fortify the crypto community against scams! 🌐🛡️ #CryptoAwareness #ScamProtection #scams #SafetyTips #Safety
Cz_Binance Exposed Scammers
And he saved $20M so be careful and have safe trading and protect your Crypto in secure wallet.
#GOATMoments
#Scammers
#crypto
#ProtectingInvestors
#Safety
And he saved $20M so be careful and have safe trading and protect your Crypto in secure wallet.
#GOATMoments
#Scammers
#crypto
#ProtectingInvestors
#Safety
Another tip for those who are in their first bullmarket and a reminder for everyone else:
- DO NOT SHARE your Binance password with anyone. Even though this seems obvious for everyone, let's say you may be facing an issue in your account and decide to seek help on some Telegram group ou somewhere else on the internet. Some scammers disguised as "support", "tech assistant", "helper" or anything similar may come in touch with you and ask for your password as a way to solve your problem. Obviously, they will only not solve your problem but also steal all your cryptos.
- HAVE A 2 FACTOR AUTHENTICATION, either Google Authenticator, mobile text message, e-mail or all of them to login in your Binance account. This will make things a lot more difficult for someone that may have your password to steal your cryptos.
- HAVE A ADDRESS WHITELIST to withdraw funds from your Binance account. Even if you don't have a wallet outside Binance, you should use this feature, as if someone tries to send any token from your account to someone else's, he or she will have to add all the separated authenticators you previously added to your account. This may come in handy in case you lost your smartphone that has your Binance account logged in.
- ENABLE NOTIFICATIONS. If everything else fails, at least you'll get a notification that someone logged into your account or thar "you" sent some funds and can try to make something before it gets worse.
Remember, there's no way to defeat all those scammers, but we can always be ahead of them by learning their most common scams and be prepared for them. Share this post so more people can learn those tips and avoid losing their hard earned $BTC to some criminal.
#Write2Earn
#Safety
#Tips
- DO NOT SHARE your Binance password with anyone. Even though this seems obvious for everyone, let's say you may be facing an issue in your account and decide to seek help on some Telegram group ou somewhere else on the internet. Some scammers disguised as "support", "tech assistant", "helper" or anything similar may come in touch with you and ask for your password as a way to solve your problem. Obviously, they will only not solve your problem but also steal all your cryptos.
- HAVE A 2 FACTOR AUTHENTICATION, either Google Authenticator, mobile text message, e-mail or all of them to login in your Binance account. This will make things a lot more difficult for someone that may have your password to steal your cryptos.
- HAVE A ADDRESS WHITELIST to withdraw funds from your Binance account. Even if you don't have a wallet outside Binance, you should use this feature, as if someone tries to send any token from your account to someone else's, he or she will have to add all the separated authenticators you previously added to your account. This may come in handy in case you lost your smartphone that has your Binance account logged in.
- ENABLE NOTIFICATIONS. If everything else fails, at least you'll get a notification that someone logged into your account or thar "you" sent some funds and can try to make something before it gets worse.
Remember, there's no way to defeat all those scammers, but we can always be ahead of them by learning their most common scams and be prepared for them. Share this post so more people can learn those tips and avoid losing their hard earned $BTC to some criminal.
#Write2Earn
#Safety
#Tips
The airdrop, mining, and safety lessons 🤔
Good morning, everyone! My name is SaNjAY, and I'd want to share my experience with digital currencies today. I hope my experiences will serve as an example of caution, advising you to avoid the mistakes I did in the beginning.
I was overcome with enthusiasm and curiosity when I first entered the world of cryptocurrency. The thought of profit and becoming a part of a groundbreaking technology excited me. However, my early steps were erroneous, motivated by impatience and a lack of expertise.
One of the first mistakes I made was clicking on suspicious links. As a newcomer, I was constantly bombarded with advertisements promising quick gains and easy money. In my inexperience, I fell for the fascinate of instant wealth and clicked on those suspicious links. Little did I know that these were phishing attempts, designed to steal my personal information and compromise my security.
Another common trap I fell into was chasing airdrops. The promise of receiving free tokens was incredibly appealing, and I thought it was an effortless way to accumulate wealth. However, I soon realized that most airdrops were scams or simply not worth the time and effort. Instead of focusing on legitimate investment opportunities, I wasted countless hours chasing after these phantom profit.
I also made the mistake of engaging in mining through fake apps and websites. Mining seemed like a fruitful endeavour, with the potential to earn substantial profits. However, my eagerness led me to trust fraudulent platforms that promised high mining rewards but delivered nothing but disappointment. These fake apps and websites not only wasted my time but also exposed my devices to potential malware and security breaches.
Looking back at my journey, I can confidently say that these actions were foolish and a waste of time. Instead of falling for scams and seeking quick wins, it's crucial to educate ourselves and make informed decisions in the crypto space.
So, what should you do instead?
Start by acquiring knowledge about cryptocurrencies and blockchain technology. Understand the fundamental concepts and explore reputable sources for information. Join online communities, engage with experts, and learn from their experiences. By doing so, You will be armed yourself with the necessary tools to make informed decisions and avoid falling prey to scams.
Furthermore, focus on investing in legitimate projects and platforms. Conduct thorough research, read whitepapers, analyze market trends, and evaluate the credibility of the team behind a project. Remember, patience is key in the crypto world. Instead of seeking instant gains, think long-term and invest in projects with solid foundations and promising potential.
Lastly, prioritize security. Be cautious of suspicious links, use strong passwords, enable two-factor authentication, and store your cryptocurrencies in secure wallets. Protecting your assets should be a top priority to avoid falling victim to hackers and scammers.
In conclusion, my journey in the world of cryptocurrency began with foolish mistakes and wasted time. I hope my experiences serve as a valuable lesson to all of you. Take the time to educate yourself, make informed decisions, and prioritize security. The crypto space offers incredible opportunities, but only for those who approach it with wisdom and caution.
#Safety
I was overcome with enthusiasm and curiosity when I first entered the world of cryptocurrency. The thought of profit and becoming a part of a groundbreaking technology excited me. However, my early steps were erroneous, motivated by impatience and a lack of expertise.
One of the first mistakes I made was clicking on suspicious links. As a newcomer, I was constantly bombarded with advertisements promising quick gains and easy money. In my inexperience, I fell for the fascinate of instant wealth and clicked on those suspicious links. Little did I know that these were phishing attempts, designed to steal my personal information and compromise my security.
Another common trap I fell into was chasing airdrops. The promise of receiving free tokens was incredibly appealing, and I thought it was an effortless way to accumulate wealth. However, I soon realized that most airdrops were scams or simply not worth the time and effort. Instead of focusing on legitimate investment opportunities, I wasted countless hours chasing after these phantom profit.
I also made the mistake of engaging in mining through fake apps and websites. Mining seemed like a fruitful endeavour, with the potential to earn substantial profits. However, my eagerness led me to trust fraudulent platforms that promised high mining rewards but delivered nothing but disappointment. These fake apps and websites not only wasted my time but also exposed my devices to potential malware and security breaches.
Looking back at my journey, I can confidently say that these actions were foolish and a waste of time. Instead of falling for scams and seeking quick wins, it's crucial to educate ourselves and make informed decisions in the crypto space.
So, what should you do instead?
Start by acquiring knowledge about cryptocurrencies and blockchain technology. Understand the fundamental concepts and explore reputable sources for information. Join online communities, engage with experts, and learn from their experiences. By doing so, You will be armed yourself with the necessary tools to make informed decisions and avoid falling prey to scams.
Furthermore, focus on investing in legitimate projects and platforms. Conduct thorough research, read whitepapers, analyze market trends, and evaluate the credibility of the team behind a project. Remember, patience is key in the crypto world. Instead of seeking instant gains, think long-term and invest in projects with solid foundations and promising potential.
Lastly, prioritize security. Be cautious of suspicious links, use strong passwords, enable two-factor authentication, and store your cryptocurrencies in secure wallets. Protecting your assets should be a top priority to avoid falling victim to hackers and scammers.
In conclusion, my journey in the world of cryptocurrency began with foolish mistakes and wasted time. I hope my experiences serve as a valuable lesson to all of you. Take the time to educate yourself, make informed decisions, and prioritize security. The crypto space offers incredible opportunities, but only for those who approach it with wisdom and caution.
#Safety
🛑🛑 P2P Scam: My bank account freezed🛑🛑
Get Crypto Here
Hello readers,
Today, I want to share my experience of how my bank account got frozen and provide tips on how you can avoid falling into a similar situation and safeguard your funds.
Back in February of this year, while casually making a payment through UPI, I encountered an error. Initially, I didn't think much of it and attempted the transaction again, only to face the same issue. Sensing something amiss, I reached out to my bank, and that's when I learned that they had received instructions to freeze my account due to suspicious funds.
Upon further investigation, I discovered that someone who had paid me through a peer-to-peer (P2P) platform had engaged in fraudulent activities. As a result, all accounts involved in transactions with this individual were blocked.
To avoid such scams in the future, it's crucial to only transact with individuals who have a minimum of 50% completed trades and a completion rate of at least 95%. Additionally, always ensure that the name on the bank account you are transacting with matches the name on the P2P platform.
Stay safe and vigilant against P2P scams!
#P2PScam #Safety (P.S.: Unfortunately, my bank account remains blocked 😢)
#HotTrends #BTC #PEPE
Get Crypto Here
Hello readers,
Today, I want to share my experience of how my bank account got frozen and provide tips on how you can avoid falling into a similar situation and safeguard your funds.
Back in February of this year, while casually making a payment through UPI, I encountered an error. Initially, I didn't think much of it and attempted the transaction again, only to face the same issue. Sensing something amiss, I reached out to my bank, and that's when I learned that they had received instructions to freeze my account due to suspicious funds.
Upon further investigation, I discovered that someone who had paid me through a peer-to-peer (P2P) platform had engaged in fraudulent activities. As a result, all accounts involved in transactions with this individual were blocked.
To avoid such scams in the future, it's crucial to only transact with individuals who have a minimum of 50% completed trades and a completion rate of at least 95%. Additionally, always ensure that the name on the bank account you are transacting with matches the name on the P2P platform.
Stay safe and vigilant against P2P scams!
#P2PScam #Safety (P.S.: Unfortunately, my bank account remains blocked 😢)
#HotTrends #BTC #PEPE
LIVECrypto_Newss
--
🧞 Claim Your 50k PEPE TOKENS Wellcome Bonus Gifts 🎁
😍 Simple Click & Claim Your Reward 🎉
💁 Click Here Claim 50K PEPE Free 💰💰
🫂 Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.💓
After Claiming Free Rewards Don't Forget Like and ( Done ) on Comments box 🎁
#redpocket #redpocketgift #RedPacketMission
😍 Simple Click & Claim Your Reward 🎉
💁 Click Here Claim 50K PEPE Free 💰💰
🫂 Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.💓
After Claiming Free Rewards Don't Forget Like and ( Done ) on Comments box 🎁
#redpocket #redpocketgift #RedPacketMission
💔😢Scam Alert: Kevin McVie's $340,000 Heartbreak 😭💸
Meet Kevin McVie, a 74-year-old entrepreneur who, like many, believed his cryptocurrency investments were flourishing. Every login brought the illusion of windfall profits on his chosen trading platform. Little did he know, he was falling victim to the rising tide of cryptocurrency scams.
🌐 A Pandemic Pivot: McVie, whose business supplying restaurants in Los Angeles took a hit during lockdowns, turned to cryptocurrency investments to navigate the upheaval. However, the pandemic-induced turmoil also impacted his retirement savings as stock markets gyrated. A vulnerable moment that scammers seized upon.
🚀 The Allure of BitBit: Enter BitBit, an "international financial broker" based in London, promising to guide individuals through cryptocurrency investments. McVie, scrolling through Instagram, took the bait. Initially investing $500, he was lured in by Pavel, a company representative fluent in McVie's native Russian. They formed a seemingly genuine connection, discussing everything from vacations to family.
💸 The Betrayal Unfolds: What started as a promising venture turned sinister. The enticing platform displayed fake charts, creating the illusion that McVie's investment was doubling. Encouraged by Pavel, McVie invested his entire life savings – a staggering $340,000 – into BitBit. The moment of truth struck when he attempted a withdrawal.
🚨 Caught in the Web: BitBit demanded a "security measure" payment of 2%, supported by a forged document claiming to be from Barclays. The realization hit hard – McVie was ensnared in a web of deceit. By the time his family discovered the scam, it was too late. The $340,000 was gone.
🤔 Share Your Thoughts: Scams like these highlight the dark side of the crypto world. What precautions do you take to safeguard your investments? Share your thoughts in the comments below.
🔄 Raise Awareness, Stay Vigilant: Like, share, and follow @TokenMaestro to spread awareness and stay updated on crypto security tips.
🔒 #CryptoSafety #ScamAwareness #Scams #scam #Safety
Meet Kevin McVie, a 74-year-old entrepreneur who, like many, believed his cryptocurrency investments were flourishing. Every login brought the illusion of windfall profits on his chosen trading platform. Little did he know, he was falling victim to the rising tide of cryptocurrency scams.
🌐 A Pandemic Pivot: McVie, whose business supplying restaurants in Los Angeles took a hit during lockdowns, turned to cryptocurrency investments to navigate the upheaval. However, the pandemic-induced turmoil also impacted his retirement savings as stock markets gyrated. A vulnerable moment that scammers seized upon.
🚀 The Allure of BitBit: Enter BitBit, an "international financial broker" based in London, promising to guide individuals through cryptocurrency investments. McVie, scrolling through Instagram, took the bait. Initially investing $500, he was lured in by Pavel, a company representative fluent in McVie's native Russian. They formed a seemingly genuine connection, discussing everything from vacations to family.
💸 The Betrayal Unfolds: What started as a promising venture turned sinister. The enticing platform displayed fake charts, creating the illusion that McVie's investment was doubling. Encouraged by Pavel, McVie invested his entire life savings – a staggering $340,000 – into BitBit. The moment of truth struck when he attempted a withdrawal.
🚨 Caught in the Web: BitBit demanded a "security measure" payment of 2%, supported by a forged document claiming to be from Barclays. The realization hit hard – McVie was ensnared in a web of deceit. By the time his family discovered the scam, it was too late. The $340,000 was gone.
🤔 Share Your Thoughts: Scams like these highlight the dark side of the crypto world. What precautions do you take to safeguard your investments? Share your thoughts in the comments below.
🔄 Raise Awareness, Stay Vigilant: Like, share, and follow @TokenMaestro to spread awareness and stay updated on crypto security tips.
🔒 #CryptoSafety #ScamAwareness #Scams #scam #Safety
As some of you may have or will have a wallet outside Binace, let me share some more tips so you can be safe out there:
- DO NOT SHARE YOUR SEED PHRASE with anyone. This is normally 12 words that works as password of your wallet. If someone knows it, it has total access to your wallet and may transfer funds to any other wallter
- DO NOT STORE YOUR SEED PHRASE IN A DIGITAL DEVICE. I would recommend you to write it down on a piece of paper and keep it somewhere safe, like in a locker, as if someone has access to your computer or smartphone that also has a copy of your file containing the Seed phrase, you would be in trouble.
- AVOID SHARING YOUR WALLET ADDRESS. This may attract unwanted attention to it and some devoted hacker may take it personally.
- AVOID CONNECTING YOUR WALLET ON SUPSICIOUS WEBSITES. Even though you are only authorizing a connection so the website can see your balance in a certain coin, this website can be infected and may transfer any other coin to another wallet and when you noticed, they'll be long gone.
- THERE ARE SEVERAL NETWORKS OUT THERE. You should do your own research, look for the one that suits your needs better and get the proper wallet thar works with this network. Still, there will be scammers everywhere
- MOST COINS OUT THERE ARE SCAMS OR ARE DEAD. Here in Binance, you have a team of people working for you trying to separate the best coins out there from the not so goods ones. But if you are trying to get this coin before they are listed here, the only option is to get out of here and try to find and buy then before they get listed.
- DO YOUR OWN RESEARCH. Not only regarding the coin itself, if you should buy it or not, but also because you will find many coins that have nearly the same name of the one you are currently buying, so be extra careful with those as they are fraudulent. Be sure about the contract address you are interacting with, if it was obtained from CoinGecko or somewhere reliable, as if you interact with the wrong address, then your $BNBs or any other coin are gone forever.
#Write2Earn
#Tips
#Safety
- DO NOT SHARE YOUR SEED PHRASE with anyone. This is normally 12 words that works as password of your wallet. If someone knows it, it has total access to your wallet and may transfer funds to any other wallter
- DO NOT STORE YOUR SEED PHRASE IN A DIGITAL DEVICE. I would recommend you to write it down on a piece of paper and keep it somewhere safe, like in a locker, as if someone has access to your computer or smartphone that also has a copy of your file containing the Seed phrase, you would be in trouble.
- AVOID SHARING YOUR WALLET ADDRESS. This may attract unwanted attention to it and some devoted hacker may take it personally.
- AVOID CONNECTING YOUR WALLET ON SUPSICIOUS WEBSITES. Even though you are only authorizing a connection so the website can see your balance in a certain coin, this website can be infected and may transfer any other coin to another wallet and when you noticed, they'll be long gone.
- THERE ARE SEVERAL NETWORKS OUT THERE. You should do your own research, look for the one that suits your needs better and get the proper wallet thar works with this network. Still, there will be scammers everywhere
- MOST COINS OUT THERE ARE SCAMS OR ARE DEAD. Here in Binance, you have a team of people working for you trying to separate the best coins out there from the not so goods ones. But if you are trying to get this coin before they are listed here, the only option is to get out of here and try to find and buy then before they get listed.
- DO YOUR OWN RESEARCH. Not only regarding the coin itself, if you should buy it or not, but also because you will find many coins that have nearly the same name of the one you are currently buying, so be extra careful with those as they are fraudulent. Be sure about the contract address you are interacting with, if it was obtained from CoinGecko or somewhere reliable, as if you interact with the wrong address, then your $BNBs or any other coin are gone forever.
#Write2Earn
#Tips
#Safety
After $PIXEL lauched today, I noticed several people saying that this token is a scam, that it was a rugpull and those sorts of things. In my vision, this token is not a scam nor a rugpull, but I'd say you should stay away from it as
few people can manipulate the price of this token heavily.
Rugpulls are common scams in the cryptowolrd, especially outside Binance. Many projects lures people with promises of ultra high and quick returns, a graphic that has basically only green candles (a HUGE red flag if you see one), as basically no one can sell their token. Over their Telegram group, if someone starts questioning too much, they get block and kicked because they were FUD (a common expression that denotes that someone is making a bad marketing about a project) the project and then, few days or even hours later, they empty the liquidity pool and everyone from the project just vanishes.
Over here, you should be relatively safe from those fake projects, as Binance has a strict procedure to list a coin or token. The problem starts when you want to get out, to increase your gains, get in touch with a number even greater of projects, and, therefore, scammers. How do you recognize one from the other? It isn't simple sometimes, I know, but following the steps I've mentioned here and in my other posts should help you a bit in your journey.
#Write2Earn
#TrendingTopic
#Safety
few people can manipulate the price of this token heavily.
Rugpulls are common scams in the cryptowolrd, especially outside Binance. Many projects lures people with promises of ultra high and quick returns, a graphic that has basically only green candles (a HUGE red flag if you see one), as basically no one can sell their token. Over their Telegram group, if someone starts questioning too much, they get block and kicked because they were FUD (a common expression that denotes that someone is making a bad marketing about a project) the project and then, few days or even hours later, they empty the liquidity pool and everyone from the project just vanishes.
Over here, you should be relatively safe from those fake projects, as Binance has a strict procedure to list a coin or token. The problem starts when you want to get out, to increase your gains, get in touch with a number even greater of projects, and, therefore, scammers. How do you recognize one from the other? It isn't simple sometimes, I know, but following the steps I've mentioned here and in my other posts should help you a bit in your journey.
#Write2Earn
#TrendingTopic
#Safety
🔺🔺P2P Scam: My bank account freezed🔺🔺
Hi readers
today i would tell you how my Bank account got
freeze and How can u avoid it and safeguard your funds
So actually in Feb this year I was casually eating something and tried to pay through UPI but got error i took it normally then tried again but to no avail Sensing something wrong I contacted with my bank and they informed me that they have recieved orders to freeze my bank account due to non legal funds.
Then i got to know that somebody Who has paid me on P2P commited fraud and every account he transacted with was blocked
So never ever transact with anyone having less then 50% trades and less then 95% completion rate
And always pay on the same bank A/C holder name as name in binance account
#P2PScam #Safety
(PS: That bank ac is still blocked 😢)
Hi readers
today i would tell you how my Bank account got
freeze and How can u avoid it and safeguard your funds
So actually in Feb this year I was casually eating something and tried to pay through UPI but got error i took it normally then tried again but to no avail Sensing something wrong I contacted with my bank and they informed me that they have recieved orders to freeze my bank account due to non legal funds.
Then i got to know that somebody Who has paid me on P2P commited fraud and every account he transacted with was blocked
So never ever transact with anyone having less then 50% trades and less then 95% completion rate
And always pay on the same bank A/C holder name as name in binance account
#P2PScam #Safety
(PS: That bank ac is still blocked 😢)
Don't Get Scammed: Ponzi Schemes in Cryptocurrency
Cryptocurrency, with its exciting potential and decentralized nature, can also be a breeding ground for scams. A particularly deceptive one is the Ponzi scheme.
What is a Ponzi Scheme?
A Ponzi scheme is a deceitful investment operation that pays returns to investors using funds contributed by new investors, not actual profits. It creates an illusion of a lucrative venture by funneling new deposits to pay promised returns to earlier investors. This unsustainable cycle continues as long as the scheme can attract a steady stream of new participants. However, the moment the flow of new investors dries up, the entire scheme crumbles, leaving most investors with significant financial losses.
Historical Example: OneCoin's Demise
OneCoin, launched in 2014, serves as a cautionary tale of a cryptocurrency-based Ponzi scheme. It enticed investors with promises of astronomical returns on their investments in a proprietary cryptocurrency, OneCoin. This cryptocurrency, however, lacked any real-world application and couldn't be independently traded on legitimate exchanges. Despite these red flags, OneCoin managed to amass billions of dollars from unsuspecting investors before its inevitable collapse in 2019. The scheme's founders now face fraud charges, highlighting the severe consequences of such deceitful operations.
Shielding Yourself from Ponzi Schemes
Staying vigilant and informed can significantly reduce your risk of falling prey to Ponzi schemes. Here are some key strategies to employ:
Scrutinize Promises of Outrageous Returns: If an investment opportunity boasts guaranteed high returns with minimal risk, it's a massive red flag. Legitimate investments involve inherent risks, and returns are rarely guaranteed. Approach any offer promising unrealistic gains with extreme skepticism.Investigate Before You Invest:Don't blindly jump into any cryptocurrency investment. Conduct thorough research on the specific cryptocurrency and the company behind it. Look for potential warning signs such as a lack of transparency about the project's workings or an overly complex business model that's difficult to understand.Beware of High-Pressure Sales Tactics: Legitimate investment opportunities won't resort to aggressive sales tactics or pressure you into making a hasty decision. Be wary of schemes that create a sense of urgency or exclusivity to push you towards investing before you have a chance to properly evaluate the opportunity.Invest Cautiously: The cryptocurrency market is inherently volatile. Always invest only what you can afford to lose entirely. Don't risk your financial security by pouring your life savings into an uncertain investment.
Discussion Question:
Can increased regulation effectively safeguard against Ponzi schemes in the cryptocurrency market?🤔
Share your thoughts! Is stricter regulation the answer, or could it stifle innovation within the cryptocurrency space? Let's discuss the potential benefits and drawbacks of increased regulation in the fight against cryptocurrency scams.
#scammeralert #Safety #HotTrands #2024
What is a Ponzi Scheme?
A Ponzi scheme is a deceitful investment operation that pays returns to investors using funds contributed by new investors, not actual profits. It creates an illusion of a lucrative venture by funneling new deposits to pay promised returns to earlier investors. This unsustainable cycle continues as long as the scheme can attract a steady stream of new participants. However, the moment the flow of new investors dries up, the entire scheme crumbles, leaving most investors with significant financial losses.
Historical Example: OneCoin's Demise
OneCoin, launched in 2014, serves as a cautionary tale of a cryptocurrency-based Ponzi scheme. It enticed investors with promises of astronomical returns on their investments in a proprietary cryptocurrency, OneCoin. This cryptocurrency, however, lacked any real-world application and couldn't be independently traded on legitimate exchanges. Despite these red flags, OneCoin managed to amass billions of dollars from unsuspecting investors before its inevitable collapse in 2019. The scheme's founders now face fraud charges, highlighting the severe consequences of such deceitful operations.
Shielding Yourself from Ponzi Schemes
Staying vigilant and informed can significantly reduce your risk of falling prey to Ponzi schemes. Here are some key strategies to employ:
Scrutinize Promises of Outrageous Returns: If an investment opportunity boasts guaranteed high returns with minimal risk, it's a massive red flag. Legitimate investments involve inherent risks, and returns are rarely guaranteed. Approach any offer promising unrealistic gains with extreme skepticism.Investigate Before You Invest:Don't blindly jump into any cryptocurrency investment. Conduct thorough research on the specific cryptocurrency and the company behind it. Look for potential warning signs such as a lack of transparency about the project's workings or an overly complex business model that's difficult to understand.Beware of High-Pressure Sales Tactics: Legitimate investment opportunities won't resort to aggressive sales tactics or pressure you into making a hasty decision. Be wary of schemes that create a sense of urgency or exclusivity to push you towards investing before you have a chance to properly evaluate the opportunity.Invest Cautiously: The cryptocurrency market is inherently volatile. Always invest only what you can afford to lose entirely. Don't risk your financial security by pouring your life savings into an uncertain investment.
Discussion Question:
Can increased regulation effectively safeguard against Ponzi schemes in the cryptocurrency market?🤔
Share your thoughts! Is stricter regulation the answer, or could it stifle innovation within the cryptocurrency space? Let's discuss the potential benefits and drawbacks of increased regulation in the fight against cryptocurrency scams.
#scammeralert #Safety #HotTrands #2024
🚨🚨My friend lost 100$ In wallet hack 🚨🚀
So recently one of my friends who use binance lost 100$ worth his funds Because his wallet was compromised on asking he told me That he shared authenticator code With someone .
Here is how to keep ur funds safe and protest yourself from wallet hacking :
1. Always keep 3 factor protection in your account ( email + authenticator + Mobile number )
2. Never share wallet address with anyone unnecessarily.
3.Never share your authenticator code , sms or email code with anyone
4. Never share your account details with anyone Imposing to bs Binance executive or anyone gurranting u Any kind of profits on any social media
Please use these measurements as these are your hard earned money
If u have been through wallet hack or breach please share in cmnt
#Safety #hacker
So recently one of my friends who use binance lost 100$ worth his funds Because his wallet was compromised on asking he told me That he shared authenticator code With someone .
Here is how to keep ur funds safe and protest yourself from wallet hacking :
1. Always keep 3 factor protection in your account ( email + authenticator + Mobile number )
2. Never share wallet address with anyone unnecessarily.
3.Never share your authenticator code , sms or email code with anyone
4. Never share your account details with anyone Imposing to bs Binance executive or anyone gurranting u Any kind of profits on any social media
Please use these measurements as these are your hard earned money
If u have been through wallet hack or breach please share in cmnt
#Safety #hacker
*P2P Scam Alert! 🚨*
Hey readers, today I want to share a cautionary tale of how my bank account got frozen due to a P2P scam! ❄️
In February, I tried to make a UPI payment, but it failed repeatedly. When I contacted my bank, they informed me that my account had been frozen due to "non-legal funds"! 😱
It turned out that someone I had transacted with on P2P had committed fraud, and every account they had interacted with was blocked! 🚫
*Lesson Learned:* Never transact with anyone having less than 50% trades and less than 95% completion rate! 📊 And always pay to the same bank account holder name as the name in your Binance account! 📝
*Still Suffering:* That bank account is still blocked to this day! 😢
Let's stay vigilant and protect our funds! 💰
#ScamRiskWarning #Safety #StayVigilant
#bitcoin
Hey readers, today I want to share a cautionary tale of how my bank account got frozen due to a P2P scam! ❄️
In February, I tried to make a UPI payment, but it failed repeatedly. When I contacted my bank, they informed me that my account had been frozen due to "non-legal funds"! 😱
It turned out that someone I had transacted with on P2P had committed fraud, and every account they had interacted with was blocked! 🚫
*Lesson Learned:* Never transact with anyone having less than 50% trades and less than 95% completion rate! 📊 And always pay to the same bank account holder name as the name in your Binance account! 📝
*Still Suffering:* That bank account is still blocked to this day! 😢
Let's stay vigilant and protect our funds! 💰
#ScamRiskWarning #Safety #StayVigilant
#bitcoin
👉👉👉 70% of Crypto Asset-Related Communications Violate Rules: FINRA
The U.S. Financial Industry Regulatory Authority (FINRA) revealed that around 70% of crypto asset-related communications examined in a recent targeted exam did not comply with its rules.
In a recent FINRA report, it was disclosed that the examination, initiated in November 2022, involved a comprehensive review of over 500 retail communications distributed or made available by FINRA member firms concerning crypto assets.
The primary focus was on assessing these communications against FINRA Rule 2210, which mandates that broker-dealer communications with the public must offer a sound basis for evaluating the facts about any discussed product or service, while also prohibiting exaggerated, unwarranted, or misleading claims.
The report stated, "FINRA identified potential substantive violations of FINRA Rule 2210 in approximately 70 percent of the communications."
Inconsistent communication practices were a significant concern, particularly the failure to clearly differentiate between crypto assets offered through third-party affiliates and those directly offered by member firms. This lack of clarity raised the potential for investor confusion about the nature of the products and services being offered.
FINRA also observed instances where crypto assets were inaccurately portrayed, with some communications comparing them to cash or cash-equivalent instruments without a sound basis for such comparisons. Additionally, explanations about how crypto assets function, including their core features and risks, were found to be either unclear or misleading.
FINRA has issued guidance addressing concerns about misleading communication related to crypto assets by financial firms. The guidance urges firms to ensure a fair and balanced presentation in crypto-related communications, particularly regarding the #Safety and #liquidity of crypto assets. The aim is to promote transparency and compliance in the dynamic world of crypto.
Source - Cryptonews.com
#CryptoNews #BinanceSquare
The U.S. Financial Industry Regulatory Authority (FINRA) revealed that around 70% of crypto asset-related communications examined in a recent targeted exam did not comply with its rules.
In a recent FINRA report, it was disclosed that the examination, initiated in November 2022, involved a comprehensive review of over 500 retail communications distributed or made available by FINRA member firms concerning crypto assets.
The primary focus was on assessing these communications against FINRA Rule 2210, which mandates that broker-dealer communications with the public must offer a sound basis for evaluating the facts about any discussed product or service, while also prohibiting exaggerated, unwarranted, or misleading claims.
The report stated, "FINRA identified potential substantive violations of FINRA Rule 2210 in approximately 70 percent of the communications."
Inconsistent communication practices were a significant concern, particularly the failure to clearly differentiate between crypto assets offered through third-party affiliates and those directly offered by member firms. This lack of clarity raised the potential for investor confusion about the nature of the products and services being offered.
FINRA also observed instances where crypto assets were inaccurately portrayed, with some communications comparing them to cash or cash-equivalent instruments without a sound basis for such comparisons. Additionally, explanations about how crypto assets function, including their core features and risks, were found to be either unclear or misleading.
FINRA has issued guidance addressing concerns about misleading communication related to crypto assets by financial firms. The guidance urges firms to ensure a fair and balanced presentation in crypto-related communications, particularly regarding the #Safety and #liquidity of crypto assets. The aim is to promote transparency and compliance in the dynamic world of crypto.
Source - Cryptonews.com
#CryptoNews #BinanceSquare
