To buy or sell in Binance P2P and avoid scammers:
Choose Verified Traders: Look for traders with high trade volumes and positive feedback. Binance verifies their identity, reducing the risk of scams.
Use Binance Escrow: Binance acts as an escrow service, holding the cryptocurrency until both parties confirm the transaction. This minimizes the risk of one party not fulfilling their end of the deal.
Communicate Securely: Use Binance's messaging system to communicate with the trader. Avoid sharing personal information or discussing the transaction outside of Binance's platform.
Verify Payment Details: Double-check the payment details provided by the trader before making any payment. Verify the recipient's information matches the details provided in the trade.
Avoid Unusual Requests: Be wary of traders who ask for unusual payment methods or request transactions outside of Binance's platform. Stick to the standard payment methods supported by Binance.
Check Seller/Buyer Reputation: Review the trader's reputation and feedback from other users. Avoid traders with negative feedback or suspicious trading history.
Report Suspicious Activity: If you encounter any suspicious activity or believe you've been scammed, report it to Binance immediately. They have measures in place to investigate and take action against fraudulent users.
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