đš P2P Trading? Ignore These 4 Rules and Youâre Guaranteed to Get Scammed!
Peer-to-Peer (P2P) trading is a powerful way to buy and sell crypto directly â but itâs also a hot target for scammers. One small mistake, and you could lose everything. Here are 4 golden rules you must follow to stay safe:
1ïžâŁ Always Trade Within the Platform
Never agree to take the deal âoutsideâ Binance. Scammers lure you off-platform to avoid monitoring, and once you send your funds, they vanish.
2ïžâŁ Release Crypto ONLY After Payment is Confirmed
Donât trust screenshots or promises. Wait until the payment reflects in your own bank account â and verify itâs irreversible â before releasing your crypto.
3ïžâŁ Watch for Overpayment Traps
If someone âaccidentallyâ sends more money and asks for a refund, itâs often a stolen bank account or fraud. You could get caught in a legal mess.
4ïžâŁ Check Buyer/Seller Reputation
Always look at their completion rate, reviews, and trade history. A high number of completed trades with positive feedback is your best filter against scammers.
đĄ Pro Tip: Use Binanceâs escrow system â itâs your shield.
đ„ If it smells suspicious, walk away. No trade is worth your funds or peace of mind.
â Stay sharp. Stay safe. And make every P2P trade scam-proof.
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