Engaging in P2P trading on Binance can be rewarding, but staying safe is crucial. Here’s a brief guide to help you avoid scams:

Things to Watch Out For

1. Verify User Ratings

Always check the buyer/seller's ratings. A high completion rate is a good sign.

2. Use Escrow Services

Never release crypto until payment is confirmed. Binance’s escrow protects your transaction.

3. Choose Secure Payment Methods

Stick to secure payment options. Avoid services that allow chargebacks.

4. Communicate on the Platform

Keep all conversations within Binance’s messaging system to avoid phishing scams.

5.Watch for Too-Good-To-Be-True Offers

Compare prices and be cautious of deals that seem overly attractive.

6. Report Suspicious Activity

If something feels wrong, report it to Binance right away.

Trust Your Instincts

If a trade feels off, it’s okay to walk away. Your safety is the priority!

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