Binance posted on its official blog that given that cryptocurrency is a nascent industry, scams are becoming more frequent and complex. Therefore, it is necessary for users to constantly understand the latest prevention methods.
Binance’s risk control measures are divided into 8 levels according to the strength of the fraud risk to ensure a balance between user experience and security. The eight levels, in order from low to high, are: custom pop-up notifications, interactive risk assessment forms, global malicious address database alerts, freezing small profits, 1-hour cooling-off period, 24-hour cooling-off period, chat dissuasion and alerts Serve.