FAQ

Verification is the process of confirming the user's identity. All new users on Binance must complete identity verification to access the platform's services, including cryptocurrency deposits, transactions, and withdrawals.
Users must provide information about themselves, upload photos of identification documents (passport, ID card, or driver's license), indicate the country of issue of the document, upload a photo of their face and pass a "face check".
The verification process is as fast as possible and usually does not cause difficulties:
1. Log in to your Binance account and go to User Center
2. Select the "Verification" section.
3. Click "Pass Verification".
4. Follow the instructions.
Please note that your passport or ID photo must be as clear as possible. If you have a low-quality webcam installed on your computer or laptop, we recommend that you download the Binance app to your smartphone and go through the verification process using your phone. You can't upload photos from your phone to your computer. A high-quality photo of the document must be taken through the website or through the application!

To register on the Binance platform, go to the main page of the website https://www.binance.com/

• In the top menu, on the right you will find the “Register” button.
• During the registration process, you will need to fill in 3 fields: email/ phone number, password, check the checkbox, agreeing to the rules of the platform.
• After that, click the "Register" button.
• The platform will ask the new user to pass protection from the robot. To do this, you will need to collect the puzzle by moving part of it.
• After that, you will be taken to the page "Registration Successfully Completed"

Also don't forget to verify your email. Check your mailbox. In the letter from Binance, you will find the “Verify Email” button, just below – a confirmation link.

After confirmation, you will be taken to the page "Account activated successfully!". After that, it will be possible to log in to the website and pass account verification to be able to use all the functions of the platform.

In a very large-scale Sybil attack, scammers take control of most of the computing power or hash rate of the network. In this case, a 51% attack can occur. Under such circumstances, attackers can change the order of transactions and prevent their approval. While the situation is under the control of scammers, they get the opportunity to cancel some transactions, which leads to double-spending.

You can use the MetaMask wallet with a zero balance for authorization on various websites. But your account will still need to be replenished to fully use all available decentralized services and opportunities, such as creating NFT tokens.

There are two ways to top up your MetaMask wallet:

• Direct transfer from an exchange or another wallet.

• Buying cryptocurrency directly in your MetaMask wallet.

To transfer crypto to your MetaMask wallet from an exchange like Binance or another wallet, you must make a transaction to your public MetaMask wallet address. This is the easiest and fastest way.

To buy crypto directly in your MetaMask wallet, you must click on the "Buy" button. The purchase is available through the Wyre and Transak service. Both services allow you to fund your account with a bank card. After entering the required details and confirming the payment within a few minutes the funds will appear on your account.

An initial public offering (IPO) is the process when an organization offers its shares to an audience for the first time. Everyone can purchase a share in the company. Typically, companies seeking to raise capital to finance their plans and expansion launch IPOs. IPOs are important for crypto companies to enter the stock market and gain investor attention and access to a wide range of funding sources. An IPO helps to increase the popularity and credibility of a crypto company. Also, the sale of shares could allow crypto companies to attract and retain the best talent by offering equity-based compensation.

MetaMask is a cryptocurrency wallet that you can use through an app or a browser extension.

You can create Metamask in a few steps:

1. Download the MetaMask wallet at https://metamask.io/. Choose your preferred browser or mobile application to install the MetaMask extension.

MetaMask works on iOS and Android native apps along with Chrome, Firefox, Edge, and Brave.

2. Install MetaMask wallet. Click on the MetaMask extension and choose the “Get Started” button.

If you have a wallet already, you can import it.

3. Create a new MetaMask wallet

Click on “Create a Wallet” and in the next window click on “I agree” if you would like to help improve MetaMask or click on “No Thanks” to proceed.

4. Choose a suitable strong password for your wallet.

5. Get the seed phrase and store it in a secure place.

Click on “Click here to reveal secret words” to see the seed phrase.

Push on the “Next” button.

6. Confirm your seed phrase.

For this, you should click on each word in the order in which the words were shown on the previous screen. Click on “Confirm” to continue.

Your MetaMask wallet has been created successfully.

To access your wallet click on the MetaMask icon at the top-right-end corner of your browser.

Tempography is a set of methods for protecting or/and attacking a new generation of decentralized or distributed networks running on a consensus protocol, such as blockchain networks. The technique involves the use of temporal anomalies and other temporal methods to protect data in open systems. Tempography is universal and flows naturally from the architecture of Web 3.0 projects. Here are a few examples of the use of tempography:

• Forecasting the average time of a unit of account unit by introducing a network complexity indicator that is inversely proportional to its hashrate.

• Calculation of the conversion factor by increasing the time step of the reverse conversion of assets. We are talking about channels and rollups, which are based on fair play before the assets enter the main chain.

• Algorithmic substantiation of file availability due to the proportion of accesses to them and the time of their storage.

A Sybil attack is a security threat that occurs when someone takes over a network using multiple accounts, hosts, or computers. In the world of cryptocurrencies, there are more situations when a person manages several nodes in the blockchain. If a large number of fake identifiers can be created, their number may exceed the number of honest nodes in the blockchain. As a result, attackers can block the transmit-receive blocks and deny real users access to the network.

ROSE in cryptocurrencies is Oasis Network's native governance token, which is used for delegation on the blockchain, as well as to support staking and payment of transaction fees. ROSE token emission is 10000000000. Tokens were launched in November 2020. ROSE is traded on KuCoin, Bitfinex, Binance and Bitget. You can store them on any crypto wallet, including MetaMask and TrustWallet.

A limit order is a trader's order to sell or buy a coin at a certain price. The order is placed in the order book. This means that the operation is not carried out immediately but only after the cost of the necessary cryptocurrency rises or falls to the desired level.

Alfa Homora is a product developed by Alpha Finance Lab. The system can use the possibility of mining liquidity using leverage. This allows users who farm Defi yields to significantly strengthen their positions. In addition to yield farming, the protocol provides the possibility of issuing loans in ETH. By becoming an Alpha Homora client, anyone can earn according to their risk appetite and personal preferences, while receiving good APY rewards.

Leverage is the ratio of a trader's own funds to the price of the assets he wants to buy or sell. Leverage is necessary for traders to use borrowed funds in trading in order to increase their buying or selling power. This allows them to trade with much larger volumes of assets than are available. For example, a leverage of 1:4 means that a trader makes a trade that is 4 times the amount of his own funds. Sometimes the leverage can reach 1:100.

Perpetual futures are derivatives whose value is determined by the underlying cryptocurrency. Perpetual futures contracts allow you to earn on cryptocurrencies without directly owning them. Using perpetual futures, a trader can trade cryptocurrencies with leverage, making substantial profits even with minimal price changes. Perpetual futures, as the name suggests, do not expire.

A crypto portfolio is a set of cryptocurrencies that can be owned by an investor or trader. The crypto portfolio contains many different crypto products, including altcoins and other assets. Spreadsheets can be used to track portfolio cryptocurrencies, as well as special software that allows you to calculate profits and assets. When creating a crypto portfolio, it is important to ensure the diversification of cryptocurrencies in order to reduce risks.

Cryptocurrency diversification is a way to manage crypto assets that allows you to minimize the risks of losses by combining and changing assets within an investment portfolio. By investing in several cryptocurrencies at the same time, the investor gets more trading chances. Even if the value of one or two cryptocurrencies falls, the investor will still have several sources of income, since he did not invest in one asset.

XPR Ledger (XPRL) is a sustainable and green blockchain project that offers a high throughput of 1500 TPS as well as low transaction fees. The platform is open source. The decentralized public blockchain was launched in 2012. The platform operates on the basis of the Federated Consensus protocol, which ensures that transactions are processed immediately.

Private keys to custodial wallets are stored and managed by a third party on behalf of their owner. This means that the wallet owner does not have full control over his assets and cannot independently sign transactions. An example is wallets on cryptocurrency exchanges. Non-custodial wallets do not need intermediaries when interacting with the blockchain. Only the wallet owner has access to private keys and independently controls them. Non-custodial wallets are required for traders who use DApps and trade on the DEX.

Hooked Protokol (HOOK) is a Web3 dedicated gamified social learning platform that offers customized learning products and earning opportunities. Initially, the platform was created to bring the community together but quickly began to support the development of decentralized applications and various learning structures.

Priority Gas Auction in cryptocurrencies (PGA) is a competitive increase in transaction fees, the purpose of which is to execute transactions in a priority manner. Cryptocurrency bots are widely used to participate in such auctions.

The hard cap is the maximum fundraising limit when launching an ICO, which allows you to cover all the needs of the project. When the organizers receive the required amount of funds, the fundraising should be closed. If, after the close of trading, excess funds are found, the organizers must return them to investors. Some projects do not set an upper threshold for fundraising, which allows them to receive an unlimited amount of investment. For example, the Tezos project raised $232 million. But there are also disadvantages: the unlimited emission of a token can negatively affect its value.

BNB Greenfield is a decentralized storage structure that is part of the BNB Chain system. System users can create and store data, transferring them with full ownership. BNB Greenfield was created to open the gateway to transparent innovation models for dApps. BNB Greenfield architecture includes BNB Greenfield Core, BNB Smart Chain, and decentralized applications. Using the built-in cross-chain bridge, all data stored in BNB Greenfield can be transferred to BNB Smart Chain with the possibility of further use in the BNB Chain dApp.

ATH is the highest market value and capitalization that a cryptocurrency has achieved since its inception and listing on exchanges. The historical high reflects the theoretical potential of the cryptocurrency but does not give any guarantee that the asset will ever rise to such a level again. For example, according to the analytics platform CoinMarketCap, Bitcoin ATH is $64,863 (April 14, 2021). ATL is the lowest recorded value and market capitalization of a cryptocurrency.

To convert crypto dust, you need to find the “Dust” tab on the platform. For example, on Binance, it is in the “Fiat and Sports” section. By clicking the “convert” button, you can choose the dust to convert to BNB (or other tokens depending on the platform). Please note that some platforms charge a fee for converting dust, and also set time limits on the number of conversions.

Cryptojacking is a fraudulent activity in which an infected device is used to stealthily mine cryptocurrencies. Scammers hack into computers and install cryptojacking malware that runs in the background to mine cryptocurrencies. Also, programs can steal assets from crypto wallets. Victims continue to use their devices in standard mode, although they may notice a decrease in PC performance. Typically, malware enters computers through disguised ads or when clicking on malicious links.