How to avoid Binance and other P2P platforms P2P trading scams?

[Akc22]

Binance and other P2P platforms are reputable cryptocurrency exchanges that offer people-to-people trading services. However, it's important to stay cautious and informed about potential scams that can occur in any online trading environment. Here are some tips to help you:



Verify the Platform: Ensure you're using the official Binance or other reputable P2P platforms. Scammers might create fake websites that closely resemble the real ones, so double-check the URL and always bookmark the official website.

Use Trusted Sellers/Buyers: Stick to traders with high reputation scores and positive feedback. Avoid trading with users who have a low rating or limited trading history.

Communication: Communicate within the platform's chat system rather than moving to external messaging apps. Be cautious of users asking to communicate outside the platform.

Escrow Service: Most P2P platforms offer an escrow service that holds the cryptocurrency until the payment is confirmed. Make sure to use this service to prevent being scammed.

Payment Verification: Before releasing the cryptocurrency, ensure that the payment has been verified. For example, if you're selling Bitcoin, make sure the buyer's payment has been transferred to your account before releasing the Bitcoin from escrow.

Avoid Unusual Payment Methods: Be cautious of buyers or sellers asking for unusual payment methods or third-party services. Stick to trusted payment methods offered by the platform.

Check User Profile: Review the trader's profile thoroughly. Scammers might use new or impersonated accounts. Look for verified accounts with a history of successful trades.

Avoid Too Good to Be True Offers: If an offer seems too good to be true, it probably is. Scammers might entice you with unrealistically low prices or high returns.

Protect Your Account: Use strong, unique passwords and enable two-factor authentication (2FA) for your exchange account. Regularly monitor your account for any suspicious activity.

Educate Yourself: Stay informed about common scams and fraudulent tactics. Educating yourself is your best defense against falling victim to scams.

Report Suspicious Activity: If you encounter any suspicious activity or suspect a scam, report it to the platform's support team immediately.

Remember, while P2P trading can be convenient and efficient, it's essential to be cautious and follow these tips to protect yourself from potential scams. Always prioritize your security and do thorough research before engaging in any trading activity.

[Charles-Tim]

Are you advertising for Binance? Why mentioning Binance? Generalize them and we all know the exchanges you are referring to. Among centralized exchanges, Binance is not the only centralized exchange with CexP2P there many other ones. There are also decentralized exchanges.

Remove Binance and make it general. Or list other CexP2P and also list P2P among on the topic content.

Escrow Service: Most P2P platforms offer an escrow service that holds the cryptocurrency until the payment is confirmed. Make sure to use this service to prevent being scammed.

All P2P use escrow. On decentralized exchanges, it is possible through 2-of-3 multisig.

Payment Verification: Before releasing the cryptocurrency, ensure that the payment has been verified. For example, if you're selling Bitcoin, make sure the buyer's payment has been transferred to your account before releasing the Bitcoin from escrow.

Not through text or email notification, but by checking your bank account.

[Hatchy]

Op used Ai to generate his post.





I still don't see any reason why someone decides to use Ai to generate posts . If you have no idea on a good topic just find something new related to Bitcoin to study and avoid all these it won't help you, neither will you get merits. Im not happy with you op.

[Sim_card]

OP, the use of AI is highly prohibited in this forum and you might be punished if you are caught. I will advice you to do your own research on whatever topic that you want to create,instead of looking for a fast means to post what isn't from your brain. The forum needs personal intelligent and not Artificial intelligent. You should also note that it isn't compulsory for you to create a topic but should always read more and only comment on post that you are knowledgeable about. No go use your hand do yourself o. You will be surprised that forum members can know when you use AI to generate your post.

[Forever101]

Op used Ai to generate his post.





I still don't see any reason why someone decides to use Ai to generate posts . If you have no idea on a good topic just find something new related to Bitcoin to study and avoid all these it won't help you, neither will you get merits. Im not happy with you op.

I do not think, this is AI generated text, one can sought for information from anywhere and rephrase them if they think they are good to help others. I am beginning to notice that, anytime a topic is discuss in a listing manner, many person come to the conclusion that is an AI generated text. I maybe wrong in my view on this topic whether it is AI generated. But as others have said, using AI generated text is highly prohibited and can cost you more than you think. Just do the best you can do, God will help you as you make effort to grow your account.  If you are using AI text, please stop it. U get luck say na local board you dey, for some board, some users no dey get patient, the next thing na to report you. So as u make the mistake for house wey them correct you naim make sense pass. Make this one no make you give up oooo. Good things does not come easily

[Stable090]

I still don't see any reason why someone decides to use Ai to generate posts . If you have no idea on a good topic just find something new related to Bitcoin to study and avoid all these it won't help you, neither will you get merits. Im not happy with you op.

I don’t know maybe the Op use AI to generate the post, but if na true say him really use am, then make him dey careful, if na for other thread him do am wey no be local board dey fit just tag d OP account with neutral tag wey go just spoil d Op account. If you don dey use Ai to write post make u just stop am or u will end up spoiling your account, if u wan write about topic and u no too get idea, then u fit go on more reach to read about what u are planning to write about.

@Hatchy d correction wey u do make sense well, but next time if you see mistake like dis and u wan correct d person, u fit just send d person personal message so that nobody go even know, now person fit just dey check d Op account make him enter dis thread see d comment wey u make, dey fit dig d account more make dem spoil d account, e no bad if u send d person personal message.

[Mate2237]

No no the way I see the AI and the OP they are not the same but topic has similarity, and if really op collect the information from AI app or site then he paragraph the work which is also a punishable offence. And I believed op saw the information online and managed to restructure the whole thing to suit himself. And all what I can say here is that, Op should provide the link (s) he got the information, because that information didn't come from up to the op brain for him to write, so the best way for him now that is not too late, he should just provide the source of the information even not he will confirm what will happen to him in the later days through this thread.

Op, prevention is better than sacrifices or cure so I advise you to provide the source of the information. And from what you said, we or most of us knew that there are scammers in Binance and not only in Binance and also other exchanges.