Hey everyone, today I faced a terrible experience on Binance P2P and lost $300 to a scammer. I’m sharing this to warn others so that you don’t fall into the same trap.
How I Got Scammed
1️⃣ The trader had a decent profile, but they sent a fake payment screenshot. 2️⃣ Without verifying my bank account, I released the crypto. 3️⃣ Later, I realized the payment never arrived, and the trader stopped responding immediately.
My Advice
Always verify payments: Double-check your bank account before releasing any crypto.
Trade only with trusted users: Choose traders with high ratings and a solid transaction history.
Avoid off-platform communication: Stick to Binance chat for all communication.
Report suspicious activity: If anything feels off, use the appeal feature to report it immediately.
This mistake taught me to be extremely cautious while using P2P trading. I hope my experience helps you stay safe.
Stay vigilant and trade responsibly on Binance P2P! 🙏
1. Analyze the Market: Before trading, analyze the demand and supply dynamics of the crypto market. 2. Invest Smartly: Never invest your entire capital at once; diversify your portfolio. 3. Use Stop-Loss: Limit your losses in each trade by setting a stop-loss order. 4. Set Daily Goals: Avoid greed by setting specific profit targets and stopping once achieved. ("Follow us to simplify your crypto journey!") #CryptoTrading. #tradingtips
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The FOMC meeting minutes can still offer insights into the Federal Reserve’s thinking regarding future interest rate hikes, inflation, and overall economic conditions. Even if the immediate impact on the price isn't strong, these details can shape market sentiment over time. Traders might still look for any hints of policy shifts, which could influence short-term price movements, especially in assets like stocks, bonds, or crypto. If the minutes reveal something unexpected, it could cause volatility.
The recent price action for Tron (TRX) has been quite bullish. Over the past day, TRX has surged by 6.83%, with a trading volume reaching $778.23 million. The upward momentum continues, showing a 16% gain over the past week and a year-to-date (YTD) return of 36.43%.Technically, the 50-day Exponential Moving Average (EMA) is acting as a support level, reinforcing the strong bullish sentiment. Additionally, the Relative Strength Index (RSI) is in the overbought zone on the daily chart, indicating that buying pressure has dominated selling pressure. The trendline is curving upward, hinting that the bullish momentum might continue.Looking forward, if the price stays above the $0.1450 support level, there's potential for a move toward the next resistance at $0.160 in the coming weeks. On the flip side, if a bearish trend emerges, the price could retrace to the lower support around $0.1275 within this month.Would you like to explore strategies or more details on TRX’s market outlook?
USDT (Tether) is a stablecoin that is essentially pegged to the US dollar. Its value always tries to be equal to 1 USD (United States Dollar). Tether is a cryptocurrency that uses blockchain technology and is commonly used for digital trading or money transactions. With Tether, users can quickly and securely convert fiat currency.$USDC
USDT (Tether) is a stablecoin that is essentially pegged to the US dollar. Its value always tries to be equal to 1 USD (United States Dollar). Tether is a cryptocurrency that uses blockchain technology and is commonly used for digital trading or money transactions. With Tether, users can quickly and securely convert fiat currency.$USDC
The importance of money in life is very high, because money is important not only in meeting the essential needs of life, but also in securing the future and improving the quality of life. Below are some points about the importance of money in life: Necessary for life: Money is essential for food, clothing, shelter, education, health care etc. Life is not possible without them.Safety and security: Money gives you financial security, which helps you in times of difficulty.freedom: Having enough
A dormant Bitcoin wallet from 2014 just moved $BTC 10.2M worth of BTC after nearly a decade of inactivity. This sudden transaction has sparked curiosity and speculation within the crypto community about the wallet's owner. #LowestCPI2021 #BinanceLaunchpoolTON
#MtGoxJulyRepayments RAY is taking the lead again. After taking support at 1.3$, it is continuing its bullish rally with a next primary target of 3.27$ in a shorter timeframe. This Solana Gem is here to rule the market. Hope $BTC doesn't disappoint us. We observed a 14x rise in the previous rally.
#SahmRule Saga (SAGA) is a cryptocurrency project focused on creating a decentralized financial ecosystem. It aims to offer a range of services including a decentralized exchange, staking, and yield farming. The project is known for its emphasis on community governance and transparency. If you have specific questions about Saga Coin or its functionalities, let me know!
#CryptoMarketMoves People use Binance for several reasons 1. Wide Range of Cryptocurrencies: Binance offers trading for a large number of cryptocurrencies. 2. Low Fees: The platform generally has lower trading fees compared to many other exchanges. 3.High Liquidity: Due to its large user base, Binance often provides high liquidity for trading. 4. User-Friendly Interface: The platform is designed to be accessible for both beginners and experienced traders. 5.Advanced Tools: Binance offers advanced charting and analysis tools for detailed trading strategies. Comment your opinion.
#CryptoMarketMoves This advice reflects a cautious and strategic approach to trading, especially in volatile markets like cryptocurrency. The key points are:Avoid Buying in Downtrends: Just because a coin is at a low price doesn't mean it's a good buy. Often, low prices indicate a lack of interest or confidence from other traders, which could suggest the coin might not recover.Focus on Strong Trends: Instead of trying to catch a falling knife, focus on coins that are already showing strong, consistent uptrends. This strategy increases the likelihood of riding a wave of momentum rather than hoping for a turnaround.Follow the Money: Engage with coins that have active trading and liquidity. The more people are trading a coin, the more likely it is to have sustained movement, which can provide better trading opportunities.Use Weekly Charts: Weekly charts give a broader perspective on a coin's trend, helping to distinguish between temporary fluctuations and long-term trends.Safety and Continuous Learning: The crypto market can be unpredictable and difficult to profit from, so it's essential to stay informed and cautious.In essence, the advice is to be strategic, informed, and patient, focusing on where the market shows strength rather than chasing low prices.
Tether Strikes Back At Celsius, Calls $2.4B Lawsuit a ‘Shakedown’ and Vows to Fight Claims in Court Tether has fired back against a lawsuit from defunct crypto lender Celsius Network over disputed Bitcoin, vowing to defend itself vigorously against what it deemed a “shakedown” and “baseless” litigation. Celsius seeks to claw back 57,428.64 BTC, or its current market dollar equivalent, that the bankrupt crypto lender claims was improperly liquidated by the leading stablecoin issuer Tether before its bankruptcy filing over two years ago. Tether has, however, assured that USDT token holders will not be impacted in any way by the lawsuit. Celsius Network’s Allegations Against Tether Filed on August 9 in the U.S. Bankruptcy Court for the Southern District of New York, Celsius claims that Tether loaned it a certain amount of Tether USDT (the company’s USD-pegged stablecoin). Celsius sent Tether 39,542.42 BTC in collateral in return for this loan. As the market crashed in mid-2022, Celsius was required to provide additional collateral to avoid liquidation, per the two parties’ loan agreement. According to the legal filing, Celsius claims Tether insulated itself from the looming bankruptcy by making “preferential and fraudulent transfers” of BTC. “Specifically, on several occasions, Tether demanded, and received, a significant amount of new, incremental collateral to improve its position in the impending bankruptcy,” according to the lawsuit. The crypto lender, which declared bankruptcy in July 2022, claims that “Tether went ahead with an improper application of 39,542.42 Bitcoin,” ruining Celsius’s residual interest in the collateral. Celsius’ claim of $2.4 billion stems from Bitcoin’s present price. Tether Hits Back “No good deed goes unpunished,” Tether said on Aug. 9 in a response to the lawsuit. “We look forward to responding in court to this contrived, meritless shakedown that will benefit nobody other than the lawyers, bankers, and consultants involved in bringing this case.” : ”