*Safe Trading Practices on Binance*

To ensure a secure trading experience on Binance, follow these guidelines ¹ ²:

- *Trade with Verified Merchants*: Only trade with verified merchants who have high completion rates and a good reputation. This reduces the risk of scams and ensures a smooth transaction.

- *Use Escrow Protection*: Binance P2P offers escrow protection, which holds the crypto until both parties confirm the payment. Never trade outside the platform, as this removes escrow protection.

- *Report Suspicious Activity*: If you encounter any suspicious activity or fraud, report it to Binance immediately. Keep proof of transactions, including screenshots and chat logs.

*Additional Trading Tips*

- *Future Trading*: Only engage in future trading when you've gained sufficient knowledge and experience. It's essential to understand the risks involved.

- *High Leverage*: Be cautious with high leverage, as it can lead to significant losses. Use leverage wisely and within your risk tolerance.

- *Patience is Key*: Don't rush into trades. Wait for the right opportunities and confirm payments before releasing crypto.

- *Focus on a Few Coins*: Select a few coins and focus on trading within those. This helps you understand market trends and make informed decisions.

*Security Measures*

- *Use a Single Account*: Avoid using multiple accounts on Binance, as this can increase the risk of account suspension or termination.

- *Verify Payment Details*: When selling crypto, ensure the sender's name matches the buyer's verified real name on Binance. If the names don't match, it's a red flag.

- *Confirm Funds*: Before releasing crypto, verify that the payment has been confirmed in your bank account or payment app ³.