Binance Learn & Earn Crypto Scams Quiz Answers
How To Spot Crypto Scams Quiz, Binance Learn & Earn Crypto Scams Quiz, Binance Learn & Earn Crypto Scams Quiz Answers – Hi Coolz Readers!! Hope you are reading our daily posting of amazon quiz answers & amazon funzone stars quiz answers. In between, Binance the popular crypto platform of the world has announced another learn & earn Crypto Scams quiz program for all users.
Here is all details about Binance Crypto Scams Quiz & we have updated all correct answers of Binance Crypto Scams Quiz.
We have already posted each & all Binance Learn & earn quiz answers in 1 post. must check out that one too.
Meanwhile , Binance has announced next chapter of “Binance Learn & Earn Crypto Scams Quiz“, where users can earn BNB Tokens in crypto by completing course and quiz of Crypto Scams.
Welcome to Binance Learn & Earn Series. At the name suggests, you will learn about a specific topic and will be quizzed after on what you have learned. Those that pass the Quiz will win a shared prize pool £10,000 in BNB. In today’s session, we will delve into “How to Spot Crypto Scams”.
Binance Learn & Earn Crypto Scams Quiz
| Binance Learn & Earn Crypto Scams Quiz | Details |
|---|---|
| Quiz about : | BNB Token |
| Quiz Date : | 27th August 2022 |
| Quiz Time : | 2022-08-26 15:00 (ITC) |
| Number of Questions : | 25 |
| Number of winners : | As Per Correct Answers Ratio |
How to Participate in Binance Learn & Earn Crypto Scams Quiz
- First of all update your Binance app from Playstore to latest version of visit this Binance Learn & earn quiz webpage directly
- New Users of Binance can create new account from here
- Login into your Binance account
- Go to homepage & then Profile and Copy Your Binance UID.
- Open Given Link in Your Default Browser to Join Binance Learn & Earn Crypto Scams
- Enter Your Binance Registered Email address and Binance UID.
- start the quiz at same time & solve using below already solved Binance Crypto Scams Quiz answers
Binance Learn & Earn Crypto Scam Quiz Answers
Question 1: A Crypto scam is a scheme designed to deceive and trick someone out of crypto.
Answer is : True
Question 2: Why are Crypto scams riskier than traditional scams involving fiat?
Answer is : Crypto scams are riskier because transactions are irreversible
Question 3: Out of the following three options, which one is the most likely reason for why Crypto scams are rising?
Answer is : Fraudsters are taking advantage of FOMO and technical inexperience of newcomers
Question 4: How much was lost in crypto related fraud in 2020?
Answer is : £1.2B
Question 5: Tick all the common types of Crypto scams from below.
Answer is : Project/Token Frauds, Malware Installation, Fake Crypto sites/wallets, Giveaway/Airdrops Scams, Fake Crypto investments, Wallet/Account Hijacking
Question 6: What are the two main ways for Crypto Project teams to fund their projects?
Answer is : Public Offerings & Private Fundraising
Question 7: What does ICO stand for?
Answer is : Initial Coin Offering
Question 8: What is one of the differences between ICO and IPO?
Answer is : ICOs have little to no investor protection whereas IPOs are regulated
Question 9: What is an IEO?
Answer is : Initial Exchange Offering
Question 10: True or False: Fraudsters often impersonate official websites (or emails) such as Binance to lure victims into sending them money?
Answer is : True
Question 11: True or False: Fraudsters will often post as celebrities, influencers or hack into social media accounts to lure victims into sending them money
Answer is : True
Question 12: Are Crypto giveaways safe?
Answer is : Sometimes – but some crypto giveaways can be scams/fraudulent
Question 13: True or False: Will Binance Customer Support contact you via a Phone call?
Answer is : False
Question 14: What are the four main methods to protect yourself from scams? Tick all that apply:
Answer is : 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
Question 15: True or False: SIM Swapping can only occur if you physically lose your Phone?
Answer is : False
Question 16: Where can you locate the Binance Verify page?
Answer is : Only though Binance website: https://www.binance.com/en/official-verification
Question 17: 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?
Answer is : True
Question 18: What questions do you need to ask during due diligence checks before investing in Projects/Tokens?
Answer is : All of the above
Question 19: 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?
Answer is : True
Question 20: What is 2FA?
Answer is : Two Factor Authentication
Question 21: What methods of 2FA are you recommended to use? Tick all that apply:
Answer is : Use Trusted Antivirus Program (and Firewall), Protect your Login Credientials with a Strong Password, Keep a separate/dedicated computer/phone just got Crypto accounts
Question 22: 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.
Answer is : True
Question 23: What is a Rug Pull?
Answer is : Crypto Project team sell all their Tokens in the market which results in token price essentially going to zero.
Question 24: What is Binance doing to help mitigate Scams? Tick all that apply:
Answer is : Implementing Strict Security Measures, Making KYC (Know Your Customer) Mandatory, Working with Law Enforcement
Question 25: Should you contact your Local Police/Action Fraud if you have been scammed?
Answer is : True
Questions will be in different order in your accounts.
If anything change in this question , we will update correct questions on Our Telegram channel
Details About Crypto Scams Quiz
Welcome to Binance’s Learn & Earn Webinar Series. Crypto Scams first topic will be about how to spot Crypto scams with a total prize pool of £10,000 in BNB to be rewarded. You can find your User ID. This ID will be used to distribute the rewards. Please note that providing the wrong User ID will forfeit you from receiving the rewards.
Full Quiz Video : Watch Here
Terms and Conditions Of Binance Crypto Scam Quiz :
- Learn & Earn Quiz has 25 questions (100 points)
- Those that get higher than 90% will win an equal share of £10,000 in BNB prizes
- The deadline to complete this Quiz is Friday 2nd September 2022 at 17:59 UTC
- Rewards will be distributed within 2 weeks after the Quiz Ends
- You can only submit once, so be sure you have double-checked all answers
- There is no time limit during the quiz, so you can take as long as you need
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