ID- 975346286 BINANCE word of the day | Heart_attack on Binance Square

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ID- 975346286BINANCE word of the day 

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Bitcoin's hash rate has recently reached unprecedented levels, demonstrating significant network growth and miner confidence. The network's hash rate has surged to a new all-time high, with recent data showing it approaching and even briefly touching 1,000 exahashes per second (EH/s) #BitcoinHashRateSurge $OSMO $SPELL $INJ

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How can I avoid scams and ensure security? To avoid scams and ensure security while trading on Binance P2P, follow these best practices: 1. **Use Verified Traders Only** - Trade only with users who have a **verified badge** and a high completion rate - Check the trader's feedback and history for any red flags. 2. **Utilize Binance Escrow** - Binance's escrow service holds the seller’s crypto securely during the trade. - Release payment only after confirming the crypto has been transferred to the escrow account. 3. **Keep All Communication Within Binance** - Avoid external platforms like WhatsApp, Telegram, or email for trade discussions. - Binance monitors in-app chats to help resolve disputes if needed. 4. **Double-Check Payment Details** - Verify the payment method and account name match what is provided in the trade instructions. - Avoid sending money to third-party accounts to prevent fraud. 5. **Confirm Receipt Before Releasing Crypto** - If you’re the seller, ensure payment reflects in your bank or wallet before releasing the crypto. - Watch out for fake payment notifications or altered screenshots. 6. **Enable 2FA and Secure Your Account** - Use two-factor authentication (2FA) for account login and transactions. - Avoid using public Wi-Fi and create a strong, unique password. 7. **Avoid Deals That Sound Too Good** - Be cautious of trades offering significantly better rates than the market. - Scammers often lure users with “too good to be true” deals. 8. **Be Aware of Common Scams** - Overpayment Scam : A buyer sends more money and asks for a refund. - Phishing Links : Ignore any links sent by buyers/sellers. Only log in through Binance’s official website or app. 9. **Understand the Dispute Process** - If a trade goes wrong, you can open a dispute. Binance will mediate using evidence like chat logs and payment receipts. By following these precautions, you can minimize risks and trade securely on Binance P2P.

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