📢How to Avoid Scams on Binance P2P and Protect Your Funds 🔐
Binance P2P is an excellent option for direct crypto exchanges, but it requires caution. Here are key tips for trading safely:
🔍 **1. Keep all communication within the Binance P2P chat**
If you are suggested to move the conversation to WhatsApp or Telegram, consider this an important warning sign.
💰 **2. Payment first, then the cryptos**
Always wait to confirm the receipt of money in your account before releasing any cryptocurrency. Fake receipts are common.
📊 **3. Examine your counterpart's history**
Before trading, check:
- User rating (ideally 4.8 stars or higher)
- Number of completed trades
- Recent comments from other users
📱 **4. Document every step**
Take screenshots of:
- The entire conversation
- The transfer receipt
- The order details
This will help you in case you need support.
⚖️ **5. Be wary of abnormal prices**
If an offer seems too good to be true, it probably is. Prices significantly below or above the market are usually warning signs.
💡 **Additional tip:**
Use Binance's "Secure Trading" feature for greater protection in your trades.
Have you had experiences with Binance P2P? Share your learnings in the comments! 👇
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