🔥Major P2P Scams on Binance and How to Avoid Them🚨
P2P payments are a convenient and secure way to send and receive money online. But they also come with risks.
Scammers are always looking for ways to trick you into giving them your money or your personal information.
you need to be aware before any P2P, especially on Binance, one of the most popular platforms for crypto trading and payments.
1. Overpayment Scams.
This scam is simple but effective. The scammer will send you a payment that is more than the amount you agreed on. They will then ask you to send them back the difference.
For example, if you are selling something for $100 and you are using #Binance P2P payment, they will send you $150 worth of #bitcoin or #ETH and ask you to refund them $50. Once you do that, they will reverse the original payment, leaving you with nothing. Impressive right?
How to Avoid To avoid this scam, never accept overpayments from strangers.
If someone sends you more money than you expected, contact them and ask them to cancel the payment. Do not send any money back until you are sure that the payment is final and irreversible.
2. Fake Job Scams
This scam targets people who are looking for remote jobs online. The scammer will post a fake job listing on social media or job boards. Then they will contact you and offer you the job.
They will ask you to send them money for things like training or background checks and promise to reimburse you later. But once you send them the money, they will disappear and you will never hear from them again.
How to Avoid To avoid this scam, never pay money upfront for a great opportunity.
Do your research on the company and the person who is hiring you. Check their website, social media accounts, and online reviews. If something seems too good to be true, it probably is.
3. Romance Scams Everybody loves to be loved but not all is true love. This scam is designed to exploit your emotions and your desire for love.
Mastercard to resume cryptocurrency payment and deposit services on Binance. 🚀
According to CoinDesk, it is understood that Mastercard is resuming cryptocurrency payment and deposit services on the Binance exchange, but withdrawal services have not yet been restored.💸💸
Binance announced that it will delist six altcoin trading pairs, considering factors such as liquidity and trading volume.
Trading in ACE/BNB, DOT/TUSD, MAGIC/FDUSD, MEME/BNB, SAND/BNB and XAI/TUSD pairs will be stopped at 06:00 UTC on June 7, 2024.
This decision will not affect other spot transactions of tokens on Binance. Users will be able to continue trading in other trading pairs other than the delisted pairs.
Binance will also completely stop trading OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM) and NEM (XEM) on June 17. Users must withdraw their assets before 17 Jun 2024.
#Traders who follow this strategy typically use trend analysis #tools, such as moving averages or #trendlines, to identify the direction of the trend and to make decisions about when to enter and exit trades. This can involve taking long positions when the trend is #bullish🚀🚀💸💸 and short positions when the trend is #bearish. 🔈🚨
It is #important for traders to have a well-defined #risk management plan in place to mitigate these risks and to have a solid understanding of the #markets in which they are trading. Additionally, traders should be aware that trends can change and be prepared to adjust their #positions accordingly.💸💸