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Binance Learn & Earn – How To Spot Crypto Scams Quiz Answers
Q1. True or false: A Crypto scam is a scheme designed to deceive and trick someone out of Crypto
👉True
Q2. Why are Crypto scams riskier than traditional scams involving fiat?
👉 Crypto scams are riskier because transactions are irreversible
Q3. Out of the following three options, which one is the most likely reason for why Crypto scams are rising?
👉 Fraudsters are taking advantage of FOMO and technical inexperience of newcomers
Q4. How much was lost in crypto related fraud in 2020?
👉£1.2B
Q5. Tick all the common types of Crypto scams from below:
👉Project/Token Frauds, Malware Installation, Fake Crypto sites/wallets, Giveaway/Airdrops Scams, Fake Crypto investments, Wallet/Account Hijacking
Q6. What are the two main ways for Crypto Project teams to fund their projects?
👉Public Offerings & Private Fundraising
Q7. What does ICO stand for?
👉 Initial Coin Offering
Q8. What is one of the differences between ICO and IPO?
👉ICOs have little to no investor protection whereas IPOs are regulated
Q9. What is an IEO?
👉 Initial Exchange Offering
Q10. True or False: Fraudsters often impersonate official websites (or emails) such as Binance to lure victims into sending them money?
👉True
Q11. True or False: Fraudsters will often post as celebrities, influencers or hack into social media accounts to lure victims into sending them money
👉 True
Q12. Are Crypto giveaways safe?
👉 Sometimes – but some crypto giveaways can be scams/fraudulent
Q13. True or False: Will Binance Customer Support contact you via a Phone call?
👉False
Q14. What are the four main methods to protect yourself from scams? Tick all that apply:
👉Distinguish between official and fake communication, Research and do your due diligence into project/tokens, Secure your crypto accounts with 2FA, Avoid clicking on Phishing or Suspicious Links
Q15. True or False: SIM Swapping can only occur if you physically lose your Phone?
👉 False
Q16. Where can you locate the Binance Verify page?
👉 Only though Binance
Q17. True or False: Scammers can often gain access to your Crypto by purposefully making you download malware (harmful software) via your mobile or computer service?
👉True
Q18. What questions do you need to ask during due diligence checks before investing in Projects/Tokens?
👉All of the above
Q19. True or false: Anti-Phishing code is an additional security feature provided by Binance that allows users to add an extra layer of security to their account?
👉 True
Q20. What is 2FA?
👉Two Factor Authentication
Q21. What methods of 2FA are you recommended to use? Tick all that apply:
👉Use Trusted Antivirus Program (and Firewall), Protect your Login Credientials with a Strong Password, Keep a separate/dedicated computer/phone just got Crypto accounts
Q22. True or False: Phishing is one of the most wide-spread and common cyber attack technique. It is a type of social engineering attack that involves psychological manipulation and relies on human failures.
👉True
Q23. What is a Rug Pull?
👉Crypto Project team sell all their Tokens in the market which results in token price essentially going to zero.
Q24. What is Binance doing to help mitigate Scams? Tick all that apply:
👉Implementing Strict Security Measures, Making KYC (Know Your Customer) Mandatory, Working with Law Enforcement
Q25. Should you contact your Local Police/Action Fraud if you have been scammed?
👉True
#dyor
Sir David Jaxxon 👆 has been the best when it comes to analyzing and strategic methods in trading that has made him guru of India 🇮🇳 brothers in trading
Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine gedangsiemm.ONLINE Brünette und eine anderei Blondine. Es wäre unfair, wenn ich 4 wählen würde
Thanks my brother
Thanks for this!
Thanks for this information
Thanks for the update.
always the best guru in the crypto space
But the link didn't direct us to the quiz link.
Please you can help us check
Thank you for the answer hoping we win it all ☺️🙏👊😎 I really need this..thank you again.. trying my luck..
Anyone reading this please dont give up on your dreams.. let your hard work do the talking🙏☺️
Nice one, more wins
I am so glad for the way you handled the situation he gave me 7.4BTC when I invest with 1.5BTC If I was in your place I wouldn’t be able to get this opportunity, I am very grateful that I met you.. Username above. At the right time just wanna say a big thanks from the bottom of my heart to you sir.
Thanks bro
We all need to be really careful so you guys won’t be a victim of these Ponzi schemes. I was once a victim but I truly have learnt my lessons.
Before going into any thing of such at least you should pray to God for guidance, I truly know affliction will never rise again.
Satisfaction with what you have should be your first priority, on like I earn 22 percent weekly profit of my invested capital I’m grateful to God for leading me through the right path I wish you all can make the right choice.
My answers are here: https://youtu.be/R-qESuxUV80
This is what I will keep telling everyone am so greatful with your good working software that earn a lot of bitcoin everyday till the fix date I got my 3btc once I make the payment required am really happy working with
I can ‘t believe how honest the team would be human form of angel. You knew how desperate and anxious l was to even pay any amount just to hack those btc but you still show how honest you could be. appreciate you ve done well thank for the blessings and all it s a success
Q1. A Crypto scam is a scheme designed to deceive and trick someone out of Crypto
👉False my friend… it should be 'out of money'
How can we find the results?
Cevaplarını bire bir geçirdim fakat testi geçmedim dostum 🙁
Kab milega ye bnb
I have never seen anyone as honest and binance like him Thank you so much for helping me gain access back into my account ⭕️
👆🏽👆🏽👆🏽 Nothing makes me happier after seeing the reaction of people whenever you do a great job to thèm❤️
👆🏽👆🏽👆🏽 Nothing makes me happier after seeing the reaction of people whenever you do a great job to thèm❤️