p2p

Yo, folks! I decided to break down the basics of P2P because I see how many people jump into crypto and immediately rush to dump their deposits on futures, even though there's a much simpler and clearer topic right in front of them. P2P is probably the best option to start with because you don't need to be a genius in technical analysis. You simply operate like an exchange: buy low, sell high, and pocket the difference (the same "spread"). In my opinion, this is the best choice for beginners because you really hold the money "in your hands" and immediately see the results of your work, rather than just numbers on a screen that can disappear after one unfortunate chart.

Promises are debts! Yesterday I told you how they tried to pressure me with a fake payment receipt. Today I bring you the step by step of how I reacted so that Binance support would agree with me in record time. 🏛️🐱
If they try to scam you, stay calm and follow this "Futures Cat" protocol:
1. The Golden Rule: NEVER release without seeing the balance in YOUR bank.
It doesn't matter if they send you screenshots, videos, or swear by their mother. If the money is not in your "Available Balance" at the bank, the USDT stays with you. The scammer yelled at me in the chat, threatened to report me... I just replied: "I will wait for the banking system to process it."

We've reached the end of the series! 🏆 We've seen the scam attempt and how I won the dispute. But the best trader is not the one who wins disputes, but the one who never has to enter one.
After years of operating and building in the ecosystem, here I reveal my 3 Steel Filters before accepting an order in Binance P2P:
The Age of the Profile: I do not accept orders from accounts created less than 6 months ago. Scammers burn accounts quickly; experience is a degree of trust.

Attention, Binance Square community! Today I want to share an experience that made me sweat cold and almost cost me $500 USDT. I'm doing this so that no one else falls for this trick which, unfortunately, is more common than you think.
This is not just a post, it's the beginning of a 3-part thread where I will reveal the dirtiest tricks in P2P and how to defend yourself. If you don't want to lose your money, follow me so you don't miss the upcoming installments!
Part 1: The "Magic Receipt" and the urgency of the scammer.

Peer-to-peer (P2P) crypto trading allows individuals to buy and sell digital assets directly with one another. This approach offers greater flexibility in pricing, payment methods, and local access compared to traditional exchanges. However, because P2P trading depends heavily on user behavior and trust, it also comes with unique risks that traders must understand.

This article explains the key dangers associated with P2P trading, how common scams operate, and the steps you can take to protect your funds throughout the trading process.

Why P2P Trading Requires Extra Caution

Unlike centralized trading, P2P transactions involve direct interaction between buyers and sellers. Payments are often made through bank transfers, mobile wallets, or regional payment services, which may vary in speed, reversibility, and security.

Many established platforms reduce risk by offering escrow systems, user verification, and dispute support. Even so, scammers still attempt to exploit inexperience, urgency, or poor verification habits. Staying informed is essential to trading safely.

Common Scam Techniques in P2P Trading

One widely used method is fake payment confirmation. In these cases, scammers send edited screenshots or false notifications to convince sellers that payment has been made. If crypto is released without confirming the funds in the actual account, recovery is usually impossible.

Another threat is chargeback abuse, where a buyer uses a reversible payment method and later disputes the transaction after receiving crypto. This risk increases significantly when third-party payment accounts are involved.

Some scammers rely on psychological pressure, claiming that a transfer was made incorrectly and demanding an immediate refund. They may use intimidation, urgency, or false legal threats to push victims into making mistakes.

More advanced schemes include impersonation and middleman fraud. These can involve fake investment deals, romance scams, or marketplace fraud, where attackers redirect payments by pretending to represent another party.

In triangular scams, multiple orders and payments are used to confuse sellers, sometimes leading them to release more crypto than they were actually paid for. Phishing attacks are also common, with scammers posing as platform support to steal login details or funds.

Red Flags to Check Before Starting a Trade

Before entering a P2P trade, always examine the other party’s profile. A consistent history of completed trades, positive feedback, and reasonable pricing generally indicates lower risk. Extremely favorable rates or very new accounts should be treated with caution.

Review the trade advertisement carefully. Make sure the payment method, limits, and conditions are clearly stated and acceptable to you. If anything seems vague or suspicious, it’s better to avoid the trade.

Staying Safe During the Transaction

All communication should remain within the official P2P platform. Attempts to move the conversation to private messaging apps often indicate malicious intent.

Be alert if the counterparty tries to rush the process, asks you to release crypto before payment confirmation, sends a different amount than agreed, or uses an account that doesn’t match their profile. These are common warning signs of fraud.

Risks That Can Appear After a Trade

Not all issues arise immediately. Some problems, such as chargebacks, delayed transfers, or account restrictions, may occur after crypto has already been released. Monitoring your account activity following a trade is just as important as staying cautious during it.

If anything unusual happens, act quickly and use the platform’s dispute or support tools without delay.

Practical Safety Measures for P2P Traders

Choosing a trusted platform with strong security features is the first step. Escrow protection, identity verification, transaction records, and active moderation significantly reduce risk.

Always confirm payments directly through your bank or wallet interface. Never rely solely on screenshots or messages. Keeping records of conversations, receipts, and transaction details can be invaluable if a dispute occurs.

For frequent traders, limiting interactions to reliable partners and blocking suspicious users can further improve safety.

Conclusion

P2P crypto trading offers freedom and accessibility, but it demands careful attention and discipline. Most scams succeed because traders rush decisions or overlook basic verification steps.

By understanding common fraud tactics, recognizing early warning signs, and using platform protections properly, traders can greatly reduce their exposure to risk. With patience and awareness, P2P trading can be both effective and secure.

#Binance #P2P #BTC #bnb #ETH

Hello, community! We are almost at 1,000 followers and I want to celebrate it by giving you real value. Many enter P2P looking for liquidity, but if you don't know these 3 rules, you could lose your funds or face bank blocks:
Third-party payments: If the name of the person transferring to you at the bank does not match the name verified on Binance, BE CAREFUL! It is the most common scam (triangulation). Never accept payments from uncles, cousins, or friends of the buyer.
The fake receipt: Do not rely on the screenshot sent to you in the chat. Go to your banking app and verify the real balance. If it's not there, do not release the USDT even if the counter reaches zero.

Hello, community! Many know me for my security advice in P2P (like the thread we are finishing), but today I want to share the other side of my coin: I am a Builder in Sui Network. 💧
Why does this matter? Because to build the future of decentralized finance (DeFi), you must first master the gateways.
1. P2P as the "Gateway":
Before I can deploy a smart contract or interact with the Sui ecosystem, I need liquidity. P2P is where it all begins. If you don't master security when buying your USDT, you will never become a true Web3 user.

Short answer:
👉 NO. He should not do it.
And if he does, it is a warning sign.
🧠 CLEAR EXPLANATION (FOR BEGINNERS)
In Binance P2P, the process is as follows:
Before opening the order
The buyer already sees the seller's bank details.
Binance verifies that the bank name matches the name on the Binance account.
After making the payment
The buyer does NOT have to send:
identity number
ID card
passport
photos
additional data
The seller must NOT ask for them.
👉 If the seller asks for extra personal data, he is violating P2P rules.