🧵How to Stay Safe with Crypto P2P Trading (A Beginner's Guide)
Crypto P2P trading can be easy and profitable, but there are risks. Here's how to minimize them👇
1. Stick to Major Exchanges 🏦
Always trade on reputable platforms like #Binance, #Bybit, or #Bitget. They're safer and have reliable support.
2. Choose Verified Merchants ✅
Look for traders with at least 1000 successful trades and a completion rate of 99% or higher. Reputation matters!
3. Read Reviews 📖
Spend a minute checking what other users say about the merchant. Positive feedback reduces risk.
4. Match Names on Transfers 🔍
Ensure the name on the payment matches the merchant’s name on the platform. This avoids issues with banks.
5. Personal Bank Cards Preferred 💳
Try to trade with merchants who use their personal bank accounts—this reduces the risk of getting funds frozen.
⚠️ Remember:
Banks treat P2P transfers like regular transfers from friends or family. Issues mostly happen when money comes from unknown third parties.
💡 Quick tip:
Clearly state in your trading conditions: "Payments accepted ONLY from the sender's personal bank account."
Conclusion 🚨:
Follow these basic rules and your crypto P2P trading experience will be smooth and safe. Happy trading!