How to #AvoidFraud in P2P trading
To avoid fraud when trading P2P on Binance, here are the most important tips and preventive measures:
✅ Important tips to avoid fraud in P2P:
1. Only trade with trusted users
Always choose sellers or buyers who have:
High completion rate (preferably above 95%)
A large number of transactions
Many positive reviews
2. Use the escrow feature
Never transfer money outside the platform before confirming that the deal is in progress.
Binance temporarily holds cryptocurrencies in escrow until payment is confirmed from the other party.
3. Do not deal outside the platform
Do not agree to make payments outside the Binance platform for any reason (such as direct bank transfer or WhatsApp or Telegram).
If someone asks you to complete the transaction externally, they are likely a scammer.
4. Verify the name of the bank account holder
If you are the buyer, make sure the bank account name matches the name of the requester on Binance.
Do not send money if the name is different or suspicious.
5. Do not confirm receipt before actual receipt
If you are the seller, do not confirm that you have received the amount until you have actually verified that the money has arrived in your bank account.
Do not rely solely on the transfer image.
6. Avoid haste or psychological pressure
Do not deal with anyone who pressures you to confirm the transaction quickly.
Take your time to verify all details.
7. Use safe and reliable payment methods
Such as direct bank transfers from the bank's own app.
Avoid paying through intermediaries or third parties.
8. Report suspicious behavior
Use the "Report" button within the Binance platform if you feel something is off.
You can also open a support ticket if you encounter a problem.
⚠️ Signs indicating potential fraud:
Request a transfer outside the platform.
Using different names for the bank account.
Sending links or requests via WhatsApp/Telegram.
Promises of profits or discounts outside the platform.
An offer to buy or sell at a very unreasonable price (much higher or lower than the market).
📌 And finally:
Keep following news and security alerts from Binance.
Enable two-factor authentication (2FA) on your account.
#BinanceSquareTalks #SecurityAlert #arabic_Crypto_Influncers
