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

Every question, grouped

Eighteen files, grouped by what is actually worrying you. Each carries the month its claims were checked.

Legal ground

What "legal" is actually asking, and where to find the rule that applies to you.

Is crypto legal?Owning it, trading it, running a platform and promoting it are four different legal questions.Depends where

Platform risk

What has happened to customer money, what is protected, and who holds the keys.

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 Is my crypto insured?What FDIC and SIPC actually cover, why crypto sits outside both, and what reserve funds really are.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

Getting money out

The routes back to a bank account and where they stall.

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

Scams

The structures that reach beginners, and how to check a specific one.

The scams that reach you firstThree structures cover almost every approach. Learn the shape and the names stop mattering.Settled 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

The decision

Whether to do this at all, including the case against.

Is bitcoin a pyramid scheme?Pyramid schemes have a definition. Check it against bitcoin, then against whatever you were pitched.Testable 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 Why people call it a scamEight criticisms taken seriously. Four of them are substantially correct.Both sides land Is it riskier than stocks?Structural differences, anchored on what you already know about the stock market.Settled 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 How much should I put in?Turning "only what you can afford to lose" into an amount you can defend.Your numbers 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

Opening an account

If you have decided yes, the part where verification matters.

Opening an account, verifiedA signup walkthrough built around verifying the page you are on, not clicking next.Step by step