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#BSCOnTheRise How I Lost $20,000 on Binance P2P Trading – A Hard-Earned Lesson in Crypto Security Crypto trading can offer high rewards, but it also carries significant risks. My experience with Binance P2P trading ended in a painful loss of $20,000, and it taught me some crucial lessons about security and caution in the crypto world. Here’s how it happened, and what I learned the hard way. The Initial Investment I decided to start trading on Binance P2P with a substantial amount of $20,000, hoping to take advantage of the platform’s peer-to-peer trading options. At first, everything seemed straightforward, and I believed I understood the risks well enough. I was eager to make profits, but little did I know, I was about to face a painful setback. Falling for the Wrong Seller In my excitement to make a quick profit, I didn’t take the time to thoroughly check out the seller I was trading with. I based my decision mostly on the seller’s positive reviews and high ratings. While these factors seemed promising, I overlooked critical details such as the frequency of their transactions and any red flags in the buyer feedback. The Fake Payment Confirmation Once the trade was confirmed, the seller quickly provided a screenshot claiming they had made the payment. In my haste, I accepted the screenshot as proof of payment, assuming everything was legitimate. Unfortunately, the payment was never actually made, and the screenshot was a fake. By the time I realized the scam, Binance had already marked the transaction as "released," meaning I lost access to the funds and couldn’t reverse the trade. Neglecting Security Measures One of the biggest mistakes I made was not fully utilizing Binance’s security features. Despite the platform offering two-factor authentication (2FA) as an option, I didn’t enable it. I also failed to cross-check the seller’s profile thoroughly, missing out on$BTC

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