How to avoid Binance P2P scams?
: To avoid scams on Binance P2P, follow these simple steps:
1. Check the Person: Trade with people who have a lot of good reviews and many completed trades.
2. Safe Payment Methods: Use recognized and secure payment methods. Avoid untraceable ones like gift cards.
3. Use Escrow: Always trade within Binance P2P so the platform can hold the cryptocurrency safely until both sides confirm the trade.
4. Confirm Payment: If you’re selling, make sure you see the money in your account before you release the cryptocurrency. Double-check by logging into your bank account directly.
5. Chat on Binance: Keep all conversations within the Binance platform to have a record in case something goes wrong.
6. Avoid Phishing: Be careful of fake Binance websites or emails. Always check URLs and don’t click on suspicious links.
7. Know the Prices: Be aware of current market prices to avoid offers that seem too good to be true.
8. Report Issues: If something seems off or you think you’re being scammed, report it to Binance support right away.
By following these steps, you can trade safely on Binance P2P.