Pyramid and Ponzi Schemes Explained

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Naturally, there is always some degree of risk involved with any investment. However, the risk is greatly increased in cases where the investor becomes unexpectedly involved in Ponzi or pyramid schemes, which are deemed as illegal in many countries. Therefore, being able to identify these schemes and to understand how they work is of great importance.

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About Binance

Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet and Charity.

Binance Exchange is the leading global cryptocurrency exchange, with users from over 190 countries and regions. Capable of processing more than 1.4 million orders per second, Binance Exchange is the largest crypto exchange by trade volume and one of the fastest in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike. For more information, visit: https://www.binance.com

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About Binance Jersey

Binance Jersey provides secure and reliable trading of the Euro (EUR) and British Pound (GBP) with Bitcoin (BTC) and Ethereum (ETH), in addition to digital asset management services to users from around the world. For more information, visit: https://www.binance.je

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