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Risks and Benefits of P2P Crypto Trading Cryptocurrencies have been, quite literally, designed for P2P transactions: Satoshi Nakamoto’s seminal whitepaper is titled, Bitcoin: A Peer-to-Peer Electronic Cash System. However, with the emergence of large crypto platforms, the default way of exchanging digital assets shifted toward being more “mediated,” the old P2P ways taking a back seat – at least in part due to perceptions of direct exchange being more risky. Today, much of peer-to-peer trading in crypto is facilitated by platform marketplaces, such as Binance P2P, that act as trusted intermediaries and have mechanisms in place to minimize the risks for both sides of the transaction. This makes the process safer and easier than in the early days of crypto. Those who are still reluctant to go peer-to-peer usually have concerns about the safety and perceived complexity of the process. Some believe that P2P trading is not safe because you never know who you are transacting with, which leaves room for bad actors to try and deceive their counterparties. Granted, when it comes to monetary transactions, there is no such thing as worrying too much about safety. And with peer-to-peer trading, where users choose their counterparties and are more involved in conducting transactions, your vigilance and awareness are fundamental to the security of exchange. Criminals have devised a number of nefarious schemes to prey on the less knowledgeable and alert P2P traders, including fake proof of payment and chargeback scams, posing as the platform’s representatives to deceive users into releasing their funds, and many more. Yet, a combination of adhering to best safety practices and using a platform that provides added layers of security can dramatically lower the risk. Furthermore, leading platforms like Binance P2P offer deep liquidity and user-friendly trading environment, eliminating other main sources of concern. #Write2Earn! #ETHETFsApproved #BinanceP2P
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People all over crypto are crying. They made losses, they expect more blood to come, they are panic-selling, they tell others to stop buying right now and that crypto is only going down now. This is the first cycle where we actually see a new ATH prior to the halving! It never had happened before! Instead of seeing this "overdue correction***11*** after a non-stop straight up bullmarket, people scream. Strangely the opposite will happen if the markets start to recover. Then people will call to stop FOMO, tell you to wait a bit, advice you to not catch falling knives. Not a Warren Buffet fan here, but be bullish if blood is on the streets. Is more blood to come? Who knows? If anyone is telling you that they do know they are straight up lying to you. We cannot buy the exact bottom, but if markets go down, it would be a nice play to invest a little bit. DCA in time instead of Panic selling time. Hint: History suggests that real ATHs happen around 6 months after #halving Happy DCAing. #write2earn
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People all over crypto are crying. They made losses, they expect more blood to come, they are panic-selling, they tell others to stop buying right now and that crypto is only going down now. This is the first cycle where we actually see a new ATH prior to the halving! It never had happened before! Instead of seeing this "overdue correction***11*** after a non-stop straight up bullmarket, people scream. Strangely the opposite will happen if the markets start to recover. Then people will call to stop FOMO, tell you to wait a bit, advice you to not catch falling knives. Not a Warren Buffet fan here, but be bullish if blood is on the streets. Is more blood to come? Who knows? If anyone is telling you that they do know they are straight up lying to you. We cannot buy the exact bottom, but if markets go down, it would be a nice play to invest a little bit. DCA in time instead of Panic selling time. Hint: History suggests that real ATHs happen around 6 months after #halving Happy DCAing. #write2earn
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Understanding Binance Launchpool Binance Launchpool is a program that introduces new, legitimate coins to the public. Users can stake their BNB or stablecoins to earn returns on these new tokens, which are exclusively listed on the Binance exchange before any other trading platforms, including any DEXs. Users can only participate in Binance Launchpool initiatives via our app or website. If a program advertises itself as part of Binance Launchpool but is found outside our platform, it is most likely fake. To stay up-to-date with our latest Launchpool initiatives, we urge you to subscribe to our official social media channels, such as the official Binance Twitter account, and regularly check our website’s official announcement page. These platforms offer the most accurate, real-time information regarding our upcoming Launchpool programs. Binance Web3 Wallet The Binance Web3 Wallet is a self-custodian wallet. This means that while the wallet is an excellent tool for managing your crypto investments, it is your responsibility to verify the legitimacy of the coins you aim to buy beyond the Binance platform. Always reach out to Binance customer service for any clarifications, and please commit the time to educate yourself independently. Binance cannot be held responsible for asset losses incurred when users buy fake tokens or suffer financial losses through the wallet. Crypto transactions on the blockchain network are irreversible; hence, recovering stolen funds is typically impossible. Binance’s Protective Measures At Binance, we prioritize protection and education for our users. Among our range of protective measures, we have implemented the procedures below tohelp protect against fake Binance Launchpool offering 1. Pop-up alerts Binance may send out security pop-up alerts before the launch of new Binance Launchpool tokens, reminding users about potential scams. These pop-up messages also include alink to our official announcement page for those seeking further information about the upcoming launch. These security pop-ups cease once trading #write2earn🌐💹
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Visit the Binance Word of the Day for today and get a chance to share 500,000 Binance Points. https://s.binance.com/6vwjfD8c #BinanceWordOfTheDay #write2earn🌐💹 #Megadrop #BTC #Write2EarnView
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