Binance Learn & Earn - ANSWERS - Win up to £10,000 in BNB Prize Pool

Hey all !

I'm positive plenty of us are up for participating in this final minute quiz, ut there's a whole lot of bloody solutions! So i've gone by way of the trouble that will help you out.

You've solely obtained in all probability 1 day and a half to take part, so you may as nicely get going.

https://www.binance.com/en/event/learnearn-1?utm_medium=Email&utm_source=CRM

In fact, you gotta haver a Binance account.. So watch the video/presentation/hyperlink and participate in the probability to get a share of the £10,000 BNB. Good luck, right here's the solutions:

1. True or false: A Crypto rip-off is a scheme designed to deceive and trick someone out of Crypto

• True

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2. Why are Crypto scams riskier than conventional scams involving fiat?

• Crypto scams are riskier as a result of transactions are irreversible

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3. Out of the following three options, which one is the almost certainly purpose for why Crypto scams are rising?

• Fraudsters are benefiting from FOMO and technical inexperience of newcomers

four. How a lot was misplaced in crypto associated fraud in 2020?

• 1.2b

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5. 5. Tick all the widespread kinds of Crypto scams from under:

• All of them (tick all)

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6. What are the two important methods for Crypto Challenge groups to fund their tasks?

• Public Choices
• Personal Fundraising

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7. What does ICO stand for?

• Preliminary Coin Offering

(Come on, should you didn’t know these, you DESERVE to be scammed!)

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8. What is among the variations between ICO and IPO?

• ICOs have little to no investor protection whereas IPOs are regulated

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9. What is an IEO?

• Initial Change Offering

10. True or False: Fraudsters typically impersonate official websites (or emails) corresponding to Binance to lure victims into sending them cash?

• True.

(In fact!)

11. True or False: Fraudsters will typically publish as celebrities, influencers or hack into social media accounts to lure victims into sending them money

• True

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12. Are Crypto giveaways protected?

• Typically - but some crypto giveaways may be scams/fraudulent

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13. True or False: Will Binance Buyer Help contact you by way of a Telephone call?

• False

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14. What are the four most important strategies to guard your self from scams? Tick all that apply:

• Distinguish between official and faux communication
• Research and do your due diligence into venture/tokens
• Secure your crypto accounts with 2FA
• Keep away from clicking on Phishing or Suspicious Hyperlinks

(tick these 4)

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15. True or False: SIM Swapping can solely occur in the event you bodily lose your Telephone?

• False

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16. The place are you able to find the Binance Verify web page?

• Solely although Binance website: https://www.binance.com/en/official-verification

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17. True or False: Scammers can typically achieve entry to your Crypto by purposefully making you download malware (harmful software) by way of your cellular or pc service?

• True

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18. What questions do you must ask throughout due diligence checks earlier than investing in Tasks/Tokens?

All the above

1. True or false: Anti-Phishing code is a further safety function offered by Binance that permits users to add an additional layer of safety to their account?

• True

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20. What's 2FA?

• Two Factor Authentication

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21. What strategies of 2FA are you advisable to make use of? Tick all that apply:

• Use VPN (Digital Personal Network) like NordVPN to keep your internet connection hidden
• Use Trusted Antivirus Program (and Firewall)
• Shield your Login Credentials with a Robust Password
• Maintain a separate/dedicated pc/telephone simply received Crypto accounts

(Tick all four)

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22. True or False: Phishing is among the most wide-spread and customary cyber assault method. It's a sort of social engineering assault that includes psychological manipulation and depends on human failures.

• True

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23. What is a Rug Pull?

• Crypto Challenge staff sell all their Tokens out there which leads to token worth primarily going to zero.

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24. What is Binance doing to help mitigate Scams? Tick all that apply:

• Implementing Strict Security Measures
• Making KYC (Know Your Buyer) Obligatory
• Working with Regulation Enforcement

25. Do you have to contact your Local Police/Motion Fraud when you have been scammed?

• True

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Good Luck, and thank me later xxx