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Independent · not affiliated with Binance · Every claim dated · last checked August 2026

Before you open an account

The questions you're
too embarrassed
to ask out loud

Is this legal where I live? Can the exchange just keep my money? Am I going to lose everything because I clicked the wrong button? We answer those with dates and sources — and we say so when nobody can answer.

Start with the legal question Run a platform check
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Register with our referral code and you get up to 20% off trading fees* — and under the terms in force it costs you no more than signing up without one.

*The discount is whatever Binance shows on its own referral page when you register, and they change it. Eligibility varies by country and some regions are excluded entirely. This is a referral code, and what that means for us is set out in full — the full accounting is here.

Start here18 files · 5 checks
Is crypto legal?Owning it, trading it, running a platform and promoting it are four different legal questions.Depends where Can an exchange take your money?Six different failures get called the same thing. They behave differently and you can only defend against some.Settled The scams that reach you firstThree structures cover almost every approach. Learn the shape and the names stop mattering.Settled Opening an account, verifiedA signup walkthrough built around verifying the page you are on, not clicking next.Step by step
Four things this site will not do

No price predictions, in either direction. No accusation that a named company is a fraud — we describe structures and hand you the checks. No invented numbers where we have no source. No promise of an outcome, including the outcome of following our own advice.

How we work sets out the rest, including what we do about being paid when someone signs up.

Where most people start

Longest, most sourced, most argued over

Five stacked bars of different lengths under a magnifier ring, standing for five separate legal questions folded into one Legal ground Is crypto legal? Owning it, trading it, running a platform and promoting it are four different legal questions. A vault door drawn as six wedge segments, each segment shaded differently, standing for six distinct ways a platform failure can happen Platform risk Can an exchange take your money? Six different failures get called the same thing. They behave differently and you can only defend against some. Three funnels of different widths feeding into one narrow channel, representing three scam structures converging on the same demand for control Scams The scams that reach you first Three structures cover almost every approach. Learn the shape and the names stop mattering. A browser address bar magnified so each character is a separate block, with one block outlined in red, standing for character-by-character domain checking Opening an account Opening an account, verified A signup walkthrough built around verifying the page you are on, not clicking next.

The rest of the ledger

All 18 questions

Will I lose money?

The honest answers about the asset itself.

Can bitcoin go to zero?Where the price comes from, what would have to happen for it to end, and why "it can't" is a red flag.No promises Will I lose everything?Total loss is rarely the market. Four behaviours account for most of it.Depends what you do Is it riskier than stocks?Structural differences, anchored on what you already know about the stock market.Settled How much should I put in?Turning "only what you can afford to lose" into an amount you can defend.Your numbers

Can I trust the platform?

Custody, insurance and getting money back out.

Is my crypto insured?What FDIC and SIPC actually cover, why crypto sits outside both, and what reserve funds really are.Settled Can I get my money back out?The routes back to a bank account, what each requires, and the six places it gets stuck.Settled "Not your keys, not your coins"What the phrase is claiming, when it holds, and the failure mode nobody puts on the slogan.True with conditions

Is somebody working on me?

Judging an approach, a platform, or a promise.

Someone recommended this to meFour checks that work on a friend, a stranger or an influencer — no crypto knowledge required.Judgeable Spotting a fake site or appChecks that do not depend on how the page looks — including why the padlock proves nothing.Mechanical Guaranteed returns: what to askFive questions to put to the operator, and what a real answer sounds like.Ask these

Should I do this at all?

Including the arguments against, taken seriously.

Is bitcoin a pyramid scheme?Pyramid schemes have a definition. Check it against bitcoin, then against whatever you were pitched.Testable Why people call it a scamEight criticisms taken seriously. Four of them are substantially correct.Both sides land My family thinks it is a scamFive things people mean by "it's a scam", which are right, and how to have the conversation.They have a point Who shouldn't do this at allSix situations where the honest answer is no — from a site that earns money when you sign up.Settled

Five checks you can run

About the checks

01 Suspicious platform checkNine questions about a platform. Returns risk signals, not a verdict. Open 02 Claim checkerTick what you were told. It names the structure and predicts what happens next. Open 03 Official source checklistSeven checks confirming the site, app and support channel are genuine. Open 04 Risk tolerance self-checkSix questions about your finances and temperament. "Not right now" is a real answer. Open 05 If it has already happenedPick what happened, get an ordered list: now, evidence, who to tell, what not to do. Open

All five run entirely in your browser. Nothing you enter is sent anywhere or stored, and one of them can tell you that now is not the time.