#P2PScam
🛡️ How to Avoid Scams in P2P Crypto Trading
P2P (peer-to-peer) crypto trading allows users to buy and sell cryptocurrencies directly with one another, often at competitive rates. While it's a convenient way to trade, it can attract scammers if you're not careful. Here’s how to protect yourself and trade securely:
✅ 1. Use Reputable Platforms
Always use trusted P2P platforms like Binance P2P, which offers escrow services to ensure safe transactions. Avoid trading via social media or unknown apps.
👤 2. Verify User Reputation
Before initiating a trade, check the other user’s rating, number of completed trades, and reviews. High ratings and positive feedback are good signs of a reliable trader.
🔒 3. Never Trade Outside the Platform
Scammers may try to convince you to take the trade off-platform with promises of better rates. Stay within the app — Binance P2P provides escrow protection only for on-platform trades.
📄 4. Follow Platform Instructions
Always follow Binance’s step-by-step trade process. Confirm payments only after verifying the exact amount has been received in your bank or wallet.
🚫 5. Be Wary of Fake Receipts
Never release crypto based on a screenshot or message saying "payment sent." Always confirm the actual deposit in your account before releasing funds.
📢 6. Report Suspicious Activity
If something seems off, report the user immediately through Binance’s support system. It helps protect the community and keeps P2P trading safe.