Peer-to-Peer (P2P) trading on Binance allows users to buy and sell crypto directly with other users. While it offers flexibility and convenience, safety should always come first. Understanding how to protect yourself can help prevent fraud and ensure smooth transactions.
1️⃣ Trade Only With Verified Users
Always check the merchant’s:
Completion rate
Number of orders
User reviews
High completion rates and positive feedback indicate reliability.
2️⃣ Never Communicate Outside Binance
Scammers often ask users to move conversations to WhatsApp or Telegram.
Always keep communication within Binance chat to ensure your transaction is protected by Binance’s dispute system.
3️⃣ Confirm Payment Before Releasing Crypto
If you’re selling crypto:
Confirm that the payment has arrived in your bank account.
Do not rely only on screenshots.
Never release crypto before verifying funds.
4️⃣ Avoid “Urgent” Pressure Tactics
Fraudsters create panic by saying:
“Release now!”
“Time is running out!”
Take your time. Binance escrow protects your crypto during the trade.
5️⃣ Use Binance’s Appeal System
If something feels wrong:
Open an appeal immediately.
Provide proof (screenshots, transaction receipts).
Binance support will review and resolve the issue.
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