đŻ Binance Square Security Alert:
The 3 Crypto Traps to Absolutely Avoid
1. â ïž Phishing (Fake Exchange Sites)
The Trap: Fake login page (slightly different URL).
The Alarm Signal: The site asks for your Seed Phrase (12/24 words) for "verification".
The Rule: A real site will NEVER ask for your Seed Phrase. Always access your platforms via your favorites.
2. đž "Guaranteed" Returns
The Trap: Platforms promising 1% or 2% gains per day (Ponzi schemes).
The Reality: No returns are guaranteed in crypto. If it sounds too good to be true, it is.
The Danger: These sites suddenly disappear with your funds (Rug Pull) after gaining your trust.
3. â€ïž Romance Scam (Pig Butchering)
The Trap: A person met online (dating app, networks) offers to invest on a "secret" platform.
The Scenario: They build trust and then manipulate you to deposit all your savings on their fraudulent site.
The Rule: Never mix new online relationships with crypto financial advice.
Your vigilance is your best defense. Share this alert!
#CryptoSecurity #ScamAlert #Phishing #BinanceTips
