P2P trading on Binance is a powerful tool for buying and selling cryptocurrencies directly with other users, without intermediaries. However, just as it offers advantages, it can also be a ground where some try to take advantage of the lack of experience of newcomers. Therefore, it is essential to know how to identify warning signs and apply good practices to trade safely.
One of the first rules is to never leave the platform to complete the transaction. All messages, payments, and confirmations must be made within the chat and the Binance P2P system. Scammers often ask to be contacted via WhatsApp, Telegram, or other means to convince you to make payments outside, which eliminates the protection that Binance provides.
It is also important to review the reputation and history of the seller or buyer. In P2P, you can see the number of completed transactions and the success rate. A profile with few transactions or negative ratings deserves special caution. The same applies if the price they offer is too good to be true: exaggeratedly attractive offers are often the initial bait of a scam.
Another safe practice is to release the cryptocurrencies only after verifying that the payment has effectively arrived in your bank account or payment method. Do not let yourself be pressured by hurried messages, and remember that the transfer receipt can be forged; the only valid confirmation is the one you see reflected in your account.
In case of any inconvenience, Binance has an appeal and support system that will help you resolve disputes as long as the transaction has remained within the platform.
If you are new to the Binance ecosystem and want to keep learning more about security, strategies, and how to make the most of all the features without risking your funds, I invite you to visit my profile. There you will find other articles like the most recent one about USDC coupons, which has generated great interest among readers.
Security is not optional: in P2P, your best defense is information.
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