P2P trading is great, but it’s also a hunting ground for scammers. Before you buy or sell your next USDT, memorize these 12 strict security rules to protect your funds:
The Payment Rules:
1. Name Match: The bank account name must perfectly match the buyer's verified Binance name.
2. No Third Parties: Never accept transfers from a friend, family member, or any third-party account.
3. Clean Memos: Strictly tell the buyer: NO crypto-related words (Crypto, Bitcoin, USDT, Binance) in the bank transfer notes.
4. Bank Check First: Never click "Release Crypto" until you log into your bank app and see the exact amount physically in your available balance.
5. Screenshots Lie: Fake payment receipts are common. Never rely on a screenshot sent by the buyer.
6. Official SMS/App Only: Verify the arrival of funds only through your official banking app or bank SMS.
The Merchant & Dispute Rules:
7. Stats Matter: Trade primarily with merchants who have a +95% completion rate and a high volume of trades.
8. Stay on Binance: Absolutely NO communication outside the Binance chat (No WhatsApp, No Telegram).
9. Use the Appeal Button: If anything feels suspicious or the payment delays, open an Appeal immediately. Let Binance support handle it.
10. Don't Be Rushed: Scammers create fake urgency. Take your time, even if the buyer begs you to release quickly.
11. Read the Terms: Always read the merchant's specific terms before initiating the trade.
12. Verified is Better: Stick to verified merchants (Yellow Tick) whenever possible to minimize risks.
👇 Which of these rules do you think beginners ignore the most? Let me know in the comments!
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