Recent media reports have made false and misleading allegations about Binance. As always, we want to ensure our users hear directly from leadership with clarity and facts.
We have released an important video featuring Co-CEO Richard Teng and Chief Compliance Officer CCO Noah Perlman addressing these claims head on. In the video, they walk through the facts, clarify common misconceptions, and explain how Binance’s compliance framework operates in practice.
5 Misktakes First-Time Crypto Investors Make Learn them now - before the market teaches you the hard way!
1. Leaving everything on exchanges. If the platform gets hacked or collapses, your coins go with it. Use a cold wallet. Not your keys = Not your crypto. ✅ Invest in secured and reputable Exchanges like Binance
2. Chasing pumps with no plan Buying because "it's pumping" = someone else is dumping. If you don't know when you'll sell, you've already lost.
3. Weak Security Practices No 2FA. Same password everywhere. Clicking random links. That's how wallets gets drained. Treat your seed phrase like your bank vault key.
4. Overtrading like you're a pro Most new traders think more trades = more money. Usually, it just means more mistakes.
5. Investing without understanding. Buying coins you don't? That's not investing. That's guessing. DYOR or be someone else's exit liquidity.
BONUS: Never invest what you can’t afford to lose. #dyor
Robert Kiyosaki has bought one Bitcoin for $67,000 during the recent market drop.
He pointed to rising U.S. debt and expected money printing, adding that Bitcoin’s fixed 21 million supply strengthens its long-term value case over gold. #btc #discussion
Read the article for indepth understanding 🔗 https://academy.binance.com/en/articles/what-is-kyc-know-your-customer Test your knowledge and share your answers in the chat: 1️⃣ What is the main purpose of KYC (Know Your Customer- checks in the financial industry, including the cryptocurrency sector? A- To enable anonymous financial transactions B- To establish a customer's identity and verify their information C- To encourage tax evasion and money laundering D- To facilitate faster and unrestricted trading on crypto exchanges 2️⃣ Which organization coordinates multinational cooperation on regulatory conditions related to KYC and AML (Anti-Money Laundering- processes? A- FATF (Financial Action Task Force- B- EU Anti-Money Laundering Directive (AMLD- C- Bank Secrecy Act (BSA- D- PSD2 (Second Payment Services Directive- 3️⃣ What are some of the benefits of KYC processes in the financial system and crypto industry? A- Reducing the risk of identity theft B- Encouraging speculative interest in cryptocurrencies C- Eliminating the need for data security measures D- Promoting decentralization and freedom from intermediaries ✍🏻 Type your response
I’ll advice them to study the crypto market. Understand the scope of cryptocurrencies, take up Binance academy course, don’t rush into investing what you don’t know and FOMO
Binance Angels
·
--
We’re 150K+ strong. Now we want to hear from you. Tell us What wisdom would you pass on to new traders? 💛 and win your share of $500 in USDC.
🔸 Follow @BinanceAngel square account 🔸 Like this post and repost 🔸 Comment What wisdom would you pass on to new traders? 💛 🔸 Fill out the survey: Fill in survey Top 50 responses win. Creativity counts. Let your voice lead the celebration. 😇 #Binance $BNB {spot}(BNBUSDT)
In the previous round of the 100 BNB Surprise Drop, we saw an overwhelming amount of quality content, genuine opinions, and high-quality interactions. Creators on Binance Square kept pushing their limits. 💪😀
To further amplify the value of outstanding content, and to help more truly talented creators get the recognition they deserve — we’ve decided to reward a total of 300 BNB!
More information can be found here $BNB {spot}(BNBUSDT)
Will hold another Binance Square livestream AMA in English tomorrow at 8pm-ish GMT+4 (Dubai time).
- will invite audiences on stage semi-randomly. (Heard the product improved to see tippers, sorting, etc. will test it out live.) - one question per person, keep it succinct - welcome suggestions and feedback - might give a prize for best suggestion afterwards
All tips will go to Giggle Academy. Received $28,000 from last session.🙏😆
Binance Wallet Introduces 3 New AI-Powered Features for Smarter Onchain Discovery
Binance Wallet is excited to launch three new AI-powered features on Binance Wallet (Web) to help users better identify emerging narratives and understand market trends. - Social Hype: Ranks tokens by social attention and hype metrics across supported chains. - Topic Rush: Highlights emerging narratives through AI-generated topic cards on BNB Smart Chain (BSC) and Solana (SOL). - AI Assistant: An AI-powered widget summarizing key token information instantly for all tokens. These features offer a more structured, data-informed way to discover and analyze on-chain opportunities. 👉🏻 Learn more here
The main difference is that a demo account uses virtual money for risk-free practice, while a live account uses real money where trades have genuine financial consequences. Demo accounts are used to learn platforms and test strategies without emotional pressure, while live accounts introduce the psychological impact of potential profit and loss, require strict risk management, and face real-world conditions like potential slippage.