The market is green, the dollar price is also soaring, many people take advantage of cashing out profits. But this is also the time when it is easiest to fall into traps, so I share some experiences to help everyone avoid losing money unnecessarily:
❌ Stay away from Promoted Ads
This is a paid advertisement to be pushed to the top.
Their buying price is always lower than the market, while the selling price is always higher than the market.
Trading with them = certain loss.
👉 For example: Selling $10k to these accounts, you could lose ~9 million VND compared to the standard price.
✅ How to choose a reputable trader
When entering the amount to be traded, Binance will filter a list of suitable traders. At this point, you need to pay attention to 3 factors:
Price
Orders
Completion
🔑 Selection principle:
Orders should be over 3,000 transactions
Minimum completion 99.8%
Can accept a slightly lower price, as long as the reputation is high.
👉 For example: A trader with 6,662 transactions and 99.9% success → means they only fail about 6 times. This is a reputable type, can be chosen for trading.
✅ Check the money carefully before confirming
After selling coins, the trader will transfer the money back to the bank account.
Always check the exact amount (for example, if you need to receive 300 million, you must not only see 30 million and then click confirm).
Only when you are sure to receive enough money should you click “I have received the money” on Binance.
✅ Split orders when cashing out large amounts
If you need to withdraw several hundred million, it is advisable to split it into many small orders for safety.
I have previously made orders of 300–500 million and it was fine, but splitting is still a way to limit risks.
💡 Summary:
Just avoid Promoted Ads, choose traders with high Orders + almost absolute Completion, check the money carefully before confirming, and split orders if necessary → then P2P trading on Binance will be safe, smooth, and no worries about being scammed.
Alright, follow me, my loves kkkk