1. Do not send real mainnet tokens to the Binance Chain test network

The Binance Chain test network is for testing purposes only. Regular users can use it to test any desired functionality, crypto facility providers (such as wallet creators) can test integration with Binance Chain, and traders can test their trading strategies. However, all tokens on the test network are test tokens and these tokens have no funds or earnings associated with them. Binance Chain test network assets are not equivalent to Binance Chain mainnet assets or Binance.com account funds.

Please do not send any real mainnet tokens (BTC, ETH, BNB, etc.) to the Binance test network. Your token will be lost and cannot be recovered. If you want to test your token, move it to the test network. It's free, you only need a Binance.com account and 1BNB in your account when applying (you can spend 1BNB to get test funds), and you can get funds for multiple addresses with one account.

2. Do not share your Mnemonic phrase or private key

If you tell others your mnemonic phrase or private key, they will be able to control your funds. You will lose complete control over your funds. No one can help you recover your funds, not even Binance Chain validators or Binance.

So please do not share your private key with anyone, especially those claiming to be Binance customer support or CZ.

3. Don’t lose/forget your helper Mnemonic phrase

As mentioned above, when you lose your mnemonic phrase and private key, you may lose control of your funds. . Not even Binance Chain validator or Binance can help recover your private key or mnemonic phrase. You must record your recovery phrase securely and ensure that you (and only you) can find it when you need it.

4. Don’t forget to record your mnemonic phrase

Mnemonic words can help you recover private keys and are often used in many hardware wallets to generate seeds for more private keys. This is the best way to recover your private key, so write it down and keep it in a safe place.

If you want to know more, the Binance Chain mnemonic phrase follows the BIP39 protocol and generates private keys from the BIP32/BIP44 character set .

5. Do not continue to use mnemonics or Private key to unlock wallet

If you continue to use mnemonic words and private keys, you are at risk of encountering phishing websites and applications will increase. Private keys and mnemonic phrases should only be used to recover key files, hardware wallets or mobile wallets.

We strongly recommend that you use Trust Wallet (coming soon), a hardware wallet, or a keystore file to unlock your wallet.

6. Do not use SDKs or trading robots that are not 100% trusted

When you use an SDK or trading bot on a DEX, you must enter your private key into the library or software, at which point you may expose your private key and become a victim of phishing. Please make sure that the SDK and trading robot's library/software are 100% trustworthy. It is highly recommended that you use the signature service (coming soon).

7. Do not send large orders at once

Binance DEX uses different matching logic than Binance.com. For ordinary users, the biggest difference lies in the larger orders when trading in large quantities. If you send a large order at once, the matching engine will think that there is a large buying or selling surplus and match you with a worse transaction price. Therefore, if you want to buy or sell large amounts of money, do your trades in small batches. For example, for the EOS.B/BNB trading pair, if the best buy order is 0.39, 100 EOS.B, the second best buy order is 0.34 100 EOS.B, the third best buy order is 0.20 100 EOS.B, and other sellers may would give you a sell order for 300 EOS.B at a price of 0.39 or 0.31 (if the same trading strategy happened on Binance.com, it would be an average price), but very likely it would be 0.20. For less liquid markets, it is better to split into 3 orders of 100 EOS.B each.

8. Do not associate any proceeds or gains with Tokens on the Binance Chain test network are linked

As stated above, the tokens on the Binance Chain test network are for testing only Purpose. The tokens and testnet funds in your address may be reset during the testnet upgrade. Please note that criminals may use token earnings or proceeds on the Binance Chain test network to initiate online fraud and phishing. Tokens on the test network have no monetary value.