Responsible trading on Binance and our protection measures

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Binance supports responsible trading beyond cryptocurrency education.

A growing set of features helps encourage safe trading practices, such as wallet assistance, cooling-off periods, and pre-trading knowledge requirements.

Responsible trading is a topic that we should all be interested in.



Responsible trading should be everyone's top priority, including us as service providers at Binance. We have implemented several measures to help our clients make responsible decisions when buying and selling in the cryptocurrency market. Along with our resources and educational efforts, Binance is one of the best places to learn how to be a responsible trader and practice those skills.

How we protect users when they trade
There is nothing better than Ecuador Mobile Number List good personal trading habits and practices. However, we can help develop those skills and foster them with product features and integrations. Some of them will affect how and when you can trade, and others will provide you with information and warnings about possible risks. Let's look at some of these functions.



Binance Innovation Zone
The Binance Innovation Zone allows users to trade newer token offerings on Binance while educating new users about the risks involved. To gain access to the innovation zone, you will first need to complete a questionnaire to ensure you understand the potential volatility involved in trading new tokens. For more information, you can check Binance's listing and innovation zone updates.

Beginner Quizzes
Before trading products that require warranties, you should understand the specific risks involved. In addition to the educational materials and courses from Binance Academy, we also have protection measures that all users must overcome in order to start operating these types of products.

All users trading products requiring collateral for the first time on Binance will be required to complete a beginner's questionnaire before trading these products. Our beginner's quiz tests your knowledge about which products require warranties, how to use them, and the potential risks involved. To learn more about collateral trading and prepare for the quiz, check out our guide to Binance trading .
       


Assistance with electronic wallets
Using an e-wallet correctly is one of the most basic cryptocurrency skills. However, both new and experienced users can make mistakes. If you try to transfer funds to Binance and make a mistake, we will do our best to help you recover the funds, but please note that it is not guaranteed that you will get them back. Some common mistakes are:

Transfer a token that is not supported.

Transfer to a network that is not supported.

Transfer to the wrong address.

Do not add a tag or memo when using specific blockchains.

If you made a transfer and made a mistake when adding the label/memo or forgot to add it, you can use our Unknown Label/Memo Recovery Request . For more information on the process, see our FAQ on how to recover a cryptocurrency deposit with an incorrect or missing tag/memo .