Activity Period: 2023-11-27 00:00 to 2023-12-24 23:59 (UTC)
Join the Futures Grand Tournament and compete for 2 Million USDT in prizes! Share your tournament insights on Binance Square and get a chance to win from an EXCLUSIVE 5,000 USDT prize pool.
How to Win?
Simply create an original content piece related to your tournament experience or insights on Binance Square during the Campaign Period, and mention “#BinanceTournament ".Make sure each of your posts/articles receives at least three interactions (likes, comments, or shares).
Remember, share your posts to draw more interactions from your friends and other Binance Square community members. The more interactions you gather, the higher your chances of winning!

Promotion A: Community Engagement Pool (3,000 USDT in token voucher)
All users who create an eligible content piece during the Activity Period will qualify for an equal share of the 3,000 USDT rewards pool.

Promotion B: Top Contents Pool (2,000 USDT in token voucher)
The top 10 posts with the #BinanceTournament hashtag having the highest 'like👍' reactions (other emojis reactions will not be counted) will be rewarded as follows:

Terms & Conditions
This activity may not be available in your region. Only #BinanceTournament related content pieces (including posts and articles) that include the #BinanceTournament hashtag and receive at least 3 engagements (i.e., the total number of emojis, comments, or shares) during the Activity Period, will qualify as eligible content pieces. Any cases of hashtag abuse will lead to exclusion from the campaign.Only original, new content qualifies. Previous submissions are ineligible.You can create multiple content and potentially win in both promotions. However, each user is only entitled to 1 reward in promotion B.
Winners will be notified via a push notification under Creator Center > [Square Assistant](https://www.binance.com/en/feed/secretary) within 15 working days after the activity ends. The USDT token voucher rewards will be distributed within 15 working days after the activity ends. Users may check their rewards via Profile > [Rewards Hub](https://www.binance.com/en/rewards-hub). The validity period for the token voucher is set at seven days from the day of distribution. [Learn how to redeem a voucher](https://www.binance.com/en/support/faq/what-are-binance-vouchers-and-how-to-redeem-acb5e3f3e3024506b8f4cedefe334d0e).Binance reserves the right to disqualify any account acting against the [Binance Square Community Guidelines](https://www.binance.com/en/support/faq/binance-feed-community-management-guidelines-ecb50ef2012f40b2a2c4f72eaa5b569f) or [Terms and Conditions](https://www.binance.com/en/support/faq/binance-feed-community-platform-terms-and-conditions-5dfcea5fbc0d4c4c9c90c2597f3da358).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.This Campaign and the Futures Grand Tournament is only available to users who are eligible for Binance Futures trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements. 

Binance Futures is launching a new Futures Grand Tournament! All eligible regular and VIP 1-6 users may participate and grab a share of up to 2,000,000 USDT in token voucher rewards and more exclusive rewards.
Join the Promotion Now!
Promotion Period: 2023-11-27 00:00 (UTC) to 2023-12-24 23:59 (UTC)
The Tournament comprises the following activities:
Early Bird Challenge: Complete tasks to earn stars and claim rewards from a 35,000 USDT rewards pool.Team Competition: Compete as a team for best Profit and Loss (PnL) performance to share up to 1,250,000 USDT.Copy Trading Competition: Become a Lead Trader or predict the top Lead Trader of the week to share up to 350,000 USDT.Battle of the Bots: Create a Futures Grid Trading Bot and climb up the Return on Investment (ROI) leaderboard to share up to 200,000 USDT. Welcome Rewards: New futures users to share up to 200,000 USDT and 1 BNB.
Duration of the Tournament:
Early Bird Challenge Period: 2023-11-27 00:00 (UTC) to 2023-12-03 23:59 (UTC)Trading Competition Period (i.e., Team Competition, Copy Trading Competition, Battle of the Bots): 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)Welcome Rewards Period: 2023-11-27 00:00 (UTC) to 2023-12-24 23:59 (UTC)
How to Participate:
Step 1: Login to your Binance Futures account. If you don’t have a Binance Futures account yet, please sign up here.Step 2: Register for the Tournament on the promotion page.
Dynamic Prize Pool (in USDT Token Vouchers):
The Tournament features a dynamic rewards pool of up to 2,000,000 USDT token vouchers across trading competitions and welcome rewards. The final prize will be determined by the total number of eligible participants*.
* An eligible participant refers to a user who has registered for the Futures Grand Tournament and has a total futures trading volume of at least 500 USDT equivalent in 2023.
No. of Eligible ParticipantsTeam Competition Prize Pool (in USDT Token Vouchers)Copy Trading Competition Prize Pool (in USDT Token Vouchers)Battle of the Bots Prize Pool (in USDT Token Vouchers)Welcome Rewards Prize Pool (in USDT Token Vouchers)Min. 1,0008,0002,0001,0001,000Min. 3,00040,00010,0005,0005,000Min. 5,00080,00020,00010,00010,000Min. 10,000120,00030,00015,00015,000Min. 25,000160,00040,00020,00020,000Min. 50,000200,00050,00025,00025,000Min. 100,000240,00060,00030,00030,000Min. 150,000320,00080,00040,00040,000Min. 200,000400,000100,00050,00050,000Min. 250,000600,000150,00075,00075,000Min. 500,0001,250,000350,000200,000200,000Maximum Prize Pool(in USDT Token Vouchers)2,000,000
Activity A: Early Bird Challenge - Complete Tasks to Share 35,000 USDT!
Early Bird Challenge Period: 2023-11-27 00:00 (UTC) to 2023-12-03 23:59 (UTC)
The Futures Grand Tournament comprises an Early Bird Challenge, where both new and existing users can confirm their participation and collect stars by completing tasks listed in the table below. Users can then claim exclusive rewards from a 35,000 USDT futures bonus voucher prize pool, on a first-come, first-served basis!
Reward Categories for the Early Bird ChallengeEarn a 1 USDT futures bonus voucher by collecting 5 stars.Earn a 5 USDT futures bonus voucher by collecting 20 stars. Earn a 10 USDT futures bonus voucher by collecting 30 stars.Newbie Tasks (One-Off)
TasksStarsOpen a Futures account for the first time2Fund the Futures Wallet for the first time3Trade Futures for the first time (Total trading volume during the Early Bird Challenge Period ≥ 100 USDT equivalent)6Complete a copy trade for the first time (Total initial copy amount during the Early Bird Challenge Period ≥ 100 USDT equivalent)3
Regular Tasks (Daily)
TasksStarsAchieve a daily futures trading volume of at least 1,000 USDT equivalent2Achieve a daily futures trading volume of at least 5,000 USDT equivalent3Refer three friends to join the Tournament2Refer ten friends to join the Tournament3Create a Futures Grid Trading Bot, and ensure that the Trading Bot generates a daily trading volume of over 0 USDT equivalent and a runtime of at least ten hours6Achieve a daily copy trading volume of at least 100 USDT equivalent6
Please note:
A user is entitled to claim a maximum of one reward from each of the three reward categories, i.e., a maximum of 16 USDT futures bonus voucher from the Early Bird Challenge. 
The voucher rewards for the Early Bird Challenge must be claimed here before 2023-12-04 23:59 (UTC). 
All claimed vouchers will be distributed to eligible users at 2023-12-05 00:00 (UTC). Users will be able to redeem their voucher rewards via Profile > Rewards Hub.
Activity B: Team Competition - Ｍove Up the Leaderboard as a Team & Share Up to 1,250,000 USDT!
Trading Competition Period: 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)
Create a team as the Team Leader or join a team after registering for the Tournament, and trade any COIN-M or USDⓈ-M contracts on Binance Futures during the Trading Competition Period to enter the team leaderboard. All participating teams will be ranked based on the sum of Team Daily PnL during the Trading Competition Period. The top 20 teams will share the prize pool that goes up to 1,250,000 USDT in token vouchers!
Please note:
Users may create a team for this Team Competition by submitting a Team Leader application via the promotion page, starting from 2023-11-27 00:00 (UTC). Each application may take several days to process, and Team Leaders can proceed to recruit team members once their application is approved. Team Daily PnL is calculated by adding up the daily PnL of the team’s top ten eligible members who obtain the highest daily PnL on Binance Futures. Team members who reach a daily futures trading volume of at least 20,000 USDT equivalent are considered eligible. If a team has less than ten team members who reach a daily futures trading volume of at least 20,000 USDT equivalent each, the daily PnL of all team members will be counted.If more than one team has the same sum of Team Daily PnL during the Trading Competition Period, the team with a higher total futures trading volume during the Trading Competition Period will receive a higher ranking.If more than one team member has the same PnL during the Trading Competition Period, the user with the higher total futures trading volume during the Trading Competition Period will be considered as a greater profit contributor.
The Team Competition Prize Pool will be distributed as follows:
Team Rewards:
Team Rankings Based on Sum of Team Daily PnLTeam Rewards1st Place20% of Team Competition Prize Pool unlocked2nd Place15% of Team Competition Prize Pool unlocked3rd Place10% of Team Competition Prize Pool unlocked4th - 10th PlacesAn equal split of 35% of Team Competition Prize Pool unlocked11th - 20th PlacesAn equal split of 20% of Team Competition Prize Pool unlocked
Rewards Distribution Within Each Team:
RoleReward Distribution Within Each TeamTeam Leader30% of Team RewardTop Ten Profit Contributors An equal split of 40% of Team RewardAll Remaining Eligible Team Members (i.e., each with a total futures trading volume of at least 10,000 USDT equivalent, and a profit of over zero during the Trading Competition Period)An equal split of 30% of Team Reward
Activity C: Copy Trading Competition - Become a Lead Trader or Predict the Top Lead Trader of the Week to Share Up to 350,000 USDT!
Trading Competition Period: 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)
Register for the Tournament now, and create Copy Trading portfolios as a Lead Trader to participate! For each week of the Trading Competition Period, participating Lead Traders will be ranked based on their personal weekly PnL, and the top ten Lead Traders of the week will qualify to share 70% of a weekly prize pool, as per the table below.
The remaining 30% of the weekly prize pool will be shared proportionally by users who vote and accurately predict the top 1 Lead Trader of the week, based on the number of votes each participant has casted. All eligible users who achieve a daily trading volume of at least 1,000 USDT equivalent on Futures or Copy Trading will earn daily voting eligibility.
The total prize pool across the three weeks goes up to 350,000 USDT in token vouchers.
Weekly Prizes for Top Ten Lead Traders
Lead Trader Rankings Based on Personal Weekly PnL*Rewards1st Place25% of the Weekly Prize Pool unlocked2nd Place15% of the Weekly Prize Pool unlocked3rd Place10% of the Weekly Prize Pool unlocked4th Place6% of the Weekly Prize Pool unlocked5th Place4% of the Weekly Prize Pool unlocked6th - 10th PlacesAn equal split of 10% of the Weekly Prize Pool unlocked
* Lead traders will be ranked by their personal weekly PnL. If two or more Lead Traders have obtained the same PnL, they will be further ranked by their weekly total futures trading volume.
Please note:
Voting eligibility will be distributed to users within 10 minutes after fulfilling the requirements mentioned above. Voting eligibility is reset daily, so users should cast their votes on the same day. Lead Traders’ PnL will be reset every Sunday at 23:59 (UTC). Weekly Prize Pool = One third of the unlocked Copy Trading Competition Prize Pool
Activity D: Battle of the Bots - Create a Futures Grid Trading Bot and Climb Up the ROI Leaderboard to Share Up to 200,000 USDT
Trading Competition Period: 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)
All users who confirm their participation and create a qualified Futures Grid Trading Bot during the Trading Competition Period will be ranked by the ROI of the Futures Grid Trading Bot during the Trading Competition Period. Users whose bots rank top 20 will then qualify to share a prize pool that goes up to 200,000 USDT in token vouchers.
The Futures Grid Trading Bot should meet the following requirements to qualify for Activity D:
Initial margin of the Futures Grid Trading Bot ≥ 100 USDT equivalentTrading volume generated by the Futures Grid Trading Bot > 0 USDT equivalent
Rewards for Battle of the Bots :
Futures Grid Trading Bot Ranking by ROI During the Trading Competition Period* Rewards for the Corresponding Users**1st Place25% of the Battle of the Bots Prize Pool unlocked2nd Place15% of the Battle of the Bots Prize Pool unlocked3rd Place10% of the Battle of the Bots Prize Pool unlocked4th - 20th PlacesAn equal split of 50% of the Battle of the Bots Prize Pool unlocked
* If two or more Futures Grid Trading Bots have obtained the same ROI during the Trading Competition Period, they will be further ranked by creation time. The Futures Grid Trading Bot created earlier will obtain a higher ranking in Activity D.
** A user may qualify for multiple rewards in Activity D if they have multiple Futures Grid Trading Bots ranking top 20.
Activity E: Welcome Rewards - Trade Futures for the First Time to Share Up to 200,000 USDT and 1 BNB!
Welcome Rewards Period: 2023-11-27 00:00 (UTC) to 2023-12-24 23:59 (UTC)
New futures users who confirm their participation and trade futures for the first time during the Welcome Rewards Period, will be eligible to equally share the Welcome Rewards Prize Pool of up to 200,000 USDT in token vouchers.
On top of that, one winner will be selected among all eligible users based on the Award Selection Rules to receive 1 BNB in token voucher.
Terms and Conditions:
All promotions are only available to users who are eligible for Binance Futures trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures trading services in each country/region from which the services are accessed. Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of the Binance Futures trading services from time to time in its sole discretion at any time without notification.The Futures Grand Tournament is open to regular and VIP 1-6 users only. Eligible users must have their account verified​ and register for the Tournament to qualify for any rewards. Binance has the sole discretion to determine the user's eligibility. Register here if you do not have a Binance account yet.Rewards are not mutually exclusive. Users may win multiple rewards as long as they meet the relevant terms and conditions.Rewards Distribution:All claimed vouchers for Activity A will be distributed to eligible users at 2023-12-05 00:00 (UTC). Users should claim their rewards by 2023-12-04 23:59 (UTC).All voucher rewards for Activities B, C, D and E will be distributed within 30 days after 2023-12-24 23:59 (UTC).Users may log in and redeem their voucher rewards via Account > Rewards Hub. All voucher rewards will expire within 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a Binance voucher.Each day runs from 00:00 (UTC) to 23:59 (UTC).Each week runs from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).Sub-accounts will not be considered as individual participants. PnL and trading volume of sub-accounts will be combined with the master accounts’ standard PnL and trading volume in the final calculation.Trades on any COIN-M or USDⓈ-M futures contracts will count as eligible trades in the Futures Grand Tournament.The effective trading volume counts both buys and sells, excluding any wash trades.Leaderboard ranks and results will be updated at approximately 06:00 (UTC) daily.Binance reserves the right to disqualify trades that are deemed to be wash trades, illegal bulk account registrations, self-dealing, or display signs of market manipulation, etc.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 these activities, 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 shall not be liable for any losses or damages users may incur as a result of their participation in the event and/or use of the services.Additional promotion terms and conditions apply and can be accessed here.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Trading by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. No partnership/affiliation between top-performing traders and Binance. In no way is performance or results guaranteed. Past performance is not a reliable indicator of his future performance. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

NFT Loan is a feature that allows borrowers to use their NFTs as collateral to secure funds from Binance NFT. This overcollateralized, open-term, and peer-to-pool loan feature offers distinct Loan-to-Value (LTV) ratios for each NFT collateral-loan pair position.

The loan amount is based on the value of the NFT and the LTV ratio, which determines the maximum amount of credit issued based on the NFT’s value.

Each NFT collateral-loan pair position must be overcollateralized to secure a loan. This means that the value of the NFT collateral pledged by the borrower must exceed the value of the cryptocurrencies or digital assets advanced by the Binance NFT Loan.

Binance NFT Loans are open-term. Borrowers can keep their positions open indefinitely, provided that the product supports the loaned and collateral NFT and the relevant LTVs are not exceeded (i.e., the loans are not liquidated).

The benefits of using a Binance NFT Loan.

Instant borrowing

Zero gas fees

Liquidation protection

Low-interest rates

Here are NFTs which can be used as collateral.

Currently, Binance NFT Loan supports 4 NFT collections: Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and Doodles. More collections will be included in the future

How to borrow crypto using NFTs on Binance NFT?

1. Go to the Binance NFT Loan page.

2. Click Borrow Now.

3. Select an NFT collection under My Assets and click the NFT you want to use as collateral in exchange for your ETH loan.

Adjust the percentage on the slider, or enter the amount you want to borrow as a loan under I want to borrow.

Click Borrow.

4. You’ll then see a confirmation pop-up window. Double-check that you’re happy with the Borrow Amount and Interest rate and then Click Confirm.

Note: It’s important to proactively check the Health Factor of your loan on the NFT Loan page to mitigate liquidation risks.

How do you repay a loan in full and get your NFT back?

Here are a few important pointers regarding repayments:

Make sure you have sufficient ETH in your account for repayment.

Once you’ve repaid the loan in full, including interest and liquidation fee if applicable, the NFT will be released and returned to your account.

However, if you fail to make payment in full before the NFT enters the liquidation process, it will be sold in a Dutch Auction. In that case, you’ll lose ownership of your collateralized NFT, and the NFT will be transferred to the auction winner.

1. Go to the NFT Loan page. Click My Orders.

2. Go to the Ongoing orders tab and find the collateralized NFT. Click Repay.

3. You’ll see a Repay pop-up window. Adjust the slider to 100% and click [Repay].

What is the Health Factor?

The Health Factor is a loan safety metric based on your loan-to-collateral value ratio. The higher the value, the safer your funds' state is against a liquidation scenario.

The formula is as such:

Health factor = (NFT floor price * liquidation threshold) / debt with interest

Note: Floor price: Based on Binance’s Oracle pricing, and an aggregation from 2 data sources, i.e., Chainlink and OpenSea.

Liquidation Threshold: A critical level at which a borrower's collateral value, expressed as a percentage, must surpass to avoid liquidating their assets.

Debt: Your outstanding loan

Interest: Interest owed

Please proactively monitor your active loan's Health Factor on the NFT Loan page to mitigate liquidation risks, as liquidation notifications may be sent but are NOT guaranteed.

If the health factor is lower than 1.2, you’ll be notified by email/SMS to add a deposit every 6 hours.

If the health factor falls below 1, your loan will enter into the liquidation process, and you’ll be notified by email/SMS every 4 hours.

For NFT holders’ safety, there will be a 24-hour Dutch auction window where they can still repay their outstanding loans.

Outstanding Loan

Total Debt Amount = Borrowed Amount + Interest Accrued + Liquidation Fee (5% of the borrowed amount with interest)

Your NFT-backed loan will only not get liquidated if you repay within the 24-hours Dutch auction period before another person bids on your liquidated NFT. ​​

Note:Binance NFT can’t guarantee that users can regain ownership of their NFT during liquidation, which is why it is vital to ensure your Health Factor does not go below 1. So make sure you do your own research before taking NFT Loan.

Copy and paste on this link for further understand about Binance NFT Loan.

https://www.binance.com/en/support/faq/what-is-binance-nft-loan-and-frequently-asked-questions-ec0b8bf53d4d412faa638c42207dec0d

#BinanceTournament #binancepizza

According to Tether's CTO Paolo Ardoino, the company is using the power of Bitcoin and Uruguay's renewable energy capabilities to pioneer sustainable and responsible Bitcoin mining:

“Our unwavering commitment to renewable energy ensures that every Bitcoin we mine leaves a minimal ecological footprint while maintaining the security and integrity of the Bitcoin network. Tether is proud to lead a movement that combines cutting-edge technology, sustainable practices and financial innovation.”

Tether is also preparing to in renewable energy sources to support and promote sustainable Bitcoin mining, which is an essential component in maintaining the world's most robust and secure currency network.

To achieve this goal, the company reported that it is actively trying to strengthen its team by recruiting experts in the energy sector.

Uruguay stands out as a global leader in renewable energy, with 94% of its electricity production from renewable sources, primarily wind and solar power. With abundant natural resources, Uruguay offers ideal conditions for renewable energy generation, facilitating the establishment of wind farms, solar parks and hydroelectric projects, ensuring a consistent supply of clean and environmentally friendly energy.

According to the statement from the Tether official blog, this solid foundation provides an excellent platform for Tether to start its Bitcoin mining operations, providing efficient and sustainable operations.

Tether also holds $1.5 billion worth of Bitcoin as part of its reserve assets and plans to invest 15% of its profits in Bitcoin as part of its new investment strategy.

#Bykaranteli #BinanceTournament #binancepizza #feedfeverchallenge #keepposting

P2P payments are a convenient and secure way to send and receive money online. But they also come with risks. Scammers are always looking for ways to trick you into giving them your money or your personal information.

In 2023, you need to be aware of these four major P2P scams, especially on Binance, one of the most popular platforms for crypto trading and payments.

Be a real IDAN. Don't get scammed.

1. Overpayment Scams

This scam is simple but effective. The scammer will send you a payment that is more than the amount you agreed on. They will then ask you to send them back the difference.

For example, if you are selling something for $100 and you are using #Binance P2P payment, they will send you $150 worth of #bitcoin or #ETH and ask you to refund them $50. Once you do that, they will reverse the original payment, leaving you with nothing. Impressive right?

How to Avoid

To avoid this scam, never accept overpayments from strangers.

If someone sends you more money than you expected, contact them and ask them to cancel the payment. Do not send any money back until you are sure that the payment is final and irreversible.

2. Fake Job Scams

This scam targets people who are looking for remote jobs online. The scammer will post a fake job listing on social media or job boards. Then they will contact you and offer you the job.

They will ask you to send them money for things like training or background checks and promise to reimburse you later. But once you send them the money, they will disappear and you will never hear from them again.

How to Avoid

To avoid this scam, never pay money upfront for a job opportunity.

Do your research on the company and the person who is hiring you. Check their website, social media accounts, and online reviews. If something seems too good to be true, it probably is.

3. Romance Scams

Everybody loves to be loved but not all is true love. This scam is designed to exploit your emotions and your desire for love.

The scammer will create a fake profile on a dating website or social media platform. They will then contact you and start a romantic relationship with you online. To make you feel special and loved, they will send you photos, messages, and gifts. Then they will ask you to do the same.

Once they have gained your trust, they will ask you for money for various reasons. It is usually money for medical bills, travel expenses, car repairs, or something that seems crucial to their day-to-day life. Don't worry, they will promise to pay you back or meet you in person soon. However, they never will.

How to Avoid

To avoid this scam, be careful about who you trust online.

Never send money or gifts to someone you have not met in person. Do not share your personal or financial information with anyone online. If someone asks you for money online, stop communicating with them and report them to the platform.

4. Tech Support Scams

This scam simply preys on your fear of losing your data or your identity online. The scammer will call you or send you an email pretending to be from a tech company like Microsoft or Apple. They will tell you that your computer has a virus or a problem that needs to be fixed urgently, and then they will ask you to give them remote access to your computer so they can “fix” the problem for you.

Once they have access to your computer, it's GAME OVER. They can steal your personal information, install malware, or lock your files.

How to Avoid

To avoid this scam, never give remote access to your computer to anyone who contacts you unsolicited.

Hang up the phone or delete the email if someone claims to be from tech support and asks for access to your computer. If you think your computer has a problem, contact a reputable tech company yourself.

How to Protect Yourself from P2P Scams

P2P scams are not new, but they are becoming more sophisticated and prevalent in 2023. To protect yourself from these scams, follow these tips:

Only use P2P payment apps with strong security features like Binance P2P.

Look for features like two-factor authentication and fraud protection.

Never send money upfront for anything, to someone you don’t know or trust online.

Be suspicious of any requests for money that seem too good to be true or too urgent.

If you think you’ve been scammed, report it to Binance and the P2P payment app immediately.

By following these tips, you can enjoy the benefits of P2P payments without falling victim to scammers, especially during #BinanceTournament , be mindful of wolves in sheep's clothing.

I hope this article helps you stay safe on Binance and online in 2023.