With the new year approaching, where do you think Bitcoin will go next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
🚨 Crucial Warning from Binance Founder CZ: Secure Your Crypto Funds Now 🚨
Changpeng Zhao (CZ), the visionary behind Binance and its former CEO, has issued a strong caution to all crypto users: Never share private keys or use wallets configured by others. These actions can lead to losing full control over your digital assets, putting your funds at serious risk of theft.
⚠️ The Hidden Dangers of Shared Wallets
Using wallets with shared private keys or pre-set configurations is a recipe for disaster. Here’s why:
Shared Access Equals Shared Control: When you give someone access to your private key or seed phrase, they have the power to access your wallet whenever they wish.
Unprotected Funds: They can withdraw your funds or make transfers without asking you, leaving you completely helpless.
No Legal Recourse: Without ownership proof, it’s nearly impossible to recover stolen funds.
CZ warns that this practice is one of the most common mistakes made by users, often leading to devastating losses.
🛡️ Follow These Steps to Protect Your Crypto
1. Own Your Wallet: Always use wallets where only you have the private keys. Popular options include hardware wallets or secure software wallets.
2. Transfer Funds Immediately: If you ever receive crypto into a wallet set up by someone else, move it right away to a wallet you control.
3. Ask for Direct Transactions: When receiving funds, insist on direct transfers to a wallet under your control to avoid exposure.
By taking these measures, you ensure that your funds remain entirely yours.
🚨 Real-Life Risks You Should Know
Let’s imagine you receive crypto into a wallet created by another person. That individual can still access the wallet whenever they want, even after transferring funds to you. They can drain the wallet without your consent.
This scenario has happened to countless crypto users, leading to heartbreaking losses. CZ describes this as “an avoidable catastrophe” that stems from poor wallet practices.
🌍 CZ’s Ongoing Mission to Educate and Innovate
Although CZ stepped down as Binance’s CEO in 2023, he continues to be a powerful voice in the blockchain and crypto world. His current focus is on advancing blockchain, artificial intelligence (AI), and biotechnology while educating the global community about crypto security.
💡 Your Safety Is in Your Hands
The crypto market offers exciting opportunities, but it’s also full of risks. Always prioritize security:
Control your private keys.
Avoid using pre-configured wallets.
Double-check all wallet setups before making any transaction.
Even a small mistake can cost you a fortune. By staying alert and informed, you can confidently navigate the crypto space and protect your wealth for the future.
👍 Stay Updated
Follow for more tips and updates on keeping your crypto secure and maximizing your investment potential. Your safety is our priority.