Binance stated in a blog post on its official website that due to the fact that cryptocurrency is a new industry, scams are becoming more frequent and complex. Therefore, it is necessary for users to constantly learn about the latest prevention methods. Binance's risk control measures are divided into 8 levels based on the strength of the fraud risk, ensuring a balance between user experience and security. These 8 levels are in order from low to high: 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 alert services.
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