How to Avoid Binance P2P Scams?

General Precautions:

*Verify the Counterparty: Check the user's profile, ratings, and transaction history.

*Favor Trusted Sellers/Buyers: Prioritize users with positive feedback and a history of successful trades.

*Use Binance's Escrow System: Always conduct transactions through the platform's escrow system to protect your funds.

*Avoid Urgent Deals: Be wary of deals that pressure you to act quickly.

*Beware of Too-Good-to-Be-True Offers: Extremely low prices or high returns might be scams.

*Protect Your Personal Information: Never share sensitive details like passwords or account numbers.

*Report Suspicious Activity: If you encounter any suspicious behavior, report it to Binance immediately.

Specific Scam Types and Prevention:

*Proof of Payment Scams:

Verify the payment independently before releasing crypto.

Check for discrepancies in the payment proof (e.g., typos, misaligned text).

Never rush to release crypto based solely on a payment screenshot.

*Cheque Scams:

Binance doesn't support cheques. Avoid any deals involving cheques.

*Triangle Scams:

Only share payment proof within the Binance platform.

Be cautious of deals involving multiple parties.

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