Thepoorguyplsdonatesome
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#BinanceHODLerXPL What is P2P Trading and Cautions on Binance
P2P (Peer-to-Peer) trading on Binance allows users to buy and sell cryptocurrencies directly with each other using local payment methods, while Binance acts as an escrow to secure funds. However, traders must take cautions. First, always check the counterpart’s reputation and completion rate before starting a trade. Second, confirm that payment has actually arrived in your account before releasing crypto, since screenshots can be faked. Third, avoid making deals outside Binance’s platform, because Binance cannot protect your funds if disputes arise. Following these practices ensures safer and more reliable P2P trading.
Always be careful in P2P everyone( give like and comment below!)
P2P (Peer-to-Peer) trading on Binance allows users to buy and sell cryptocurrencies directly with each other using local payment methods, while Binance acts as an escrow to secure funds. However, traders must take cautions. First, always check the counterpart’s reputation and completion rate before starting a trade. Second, confirm that payment has actually arrived in your account before releasing crypto, since screenshots can be faked. Third, avoid making deals outside Binance’s platform, because Binance cannot protect your funds if disputes arise. Following these practices ensures safer and more reliable P2P trading.
Always be careful in P2P everyone( give like and comment below!)
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