aprendecriptos
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🤨 "Why do they ask me for a selfie with my ID?" The Uncomfortable Truth About P2P You Need to Know 🛡
You're about to make your first purchase on Binance P2P. You find a good price, open the order and BAM! 💥 The merchant writes to you in the chat: "Hello, to continue I need a photo of you holding your identity document and proof of funds."
Your first instinct is: "What?! No way! Do they want to steal my identity?". 😱
Calm down, it's a normal reaction. Nobody likes to share sensitive data. But today I'm going to explain to you why, in 99% of cases, that annoying request is the only thing separating you from being an unwitting accomplice to a crime.
Your first instinct is: "What?! No way! Do they want to steal my identity?". 😱
Calm down, it's a normal reaction. Nobody likes to share sensitive data. But today I'm going to explain to you why, in 99% of cases, that annoying request is the only thing separating you from being an unwitting accomplice to a crime.
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"Why do they ask me for a selfie with my ID?" The Uncomfortable Truth of P2P You Should Know
You are about to make your first purchase on Binance P2P. You find a good price, open the order, and BAM! 💥 The trader writes to you in the chat: "Hello, to proceed I need a photo of you holding your identity document and proof of funds."
Your first instinct is: "What?! No way! Are they trying to steal my identity?". 😱
Calm down, it's a normal reaction. No one likes to share sensitive data. But today I'm going to explain to you why, in 99% of cases, that annoying request is the only thing separating you from being an unwitting accomplice to a crime.
Your first instinct is: "What?! No way! Are they trying to steal my identity?". 😱
Calm down, it's a normal reaction. No one likes to share sensitive data. But today I'm going to explain to you why, in 99% of cases, that annoying request is the only thing separating you from being an unwitting accomplice to a crime.
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You who are starting on Binance, what suits you better? Binance Earn Flexible or Binance Blocked?
1. What is Binance Earn?
It’s like a savings account for cryptocurrencies, where instead of your money sitting still, Binance “works” it and pays you interest.
There are two main ways:
Flexible (Flexible Savings or Flexible Earn)
Blocked (Locked Earn or Staking blocked)
2. Binance Earn Flexible
🔹 What it means: You can deposit your cryptocurrency (for example USDT or BNB) and withdraw it whenever you want. 🔹 Advantages:
You have liquidity, meaning if you need your money tomorrow, you can withdraw it instantly.
It’s like a savings account for cryptocurrencies, where instead of your money sitting still, Binance “works” it and pays you interest.
There are two main ways:
Flexible (Flexible Savings or Flexible Earn)
Blocked (Locked Earn or Staking blocked)
2. Binance Earn Flexible
🔹 What it means: You can deposit your cryptocurrency (for example USDT or BNB) and withdraw it whenever you want. 🔹 Advantages:
You have liquidity, meaning if you need your money tomorrow, you can withdraw it instantly.
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You who are starting in Binance, what is more convenient for you? Binance Earn Flexible or Binance Locked?
1. What is Binance Earn?
It is like a savings account for cryptocurrencies, where instead of your money sitting idle, Binance 'works' it and pays you interest.
There are two main forms:
Flexible (Flexible Savings or Flexible Earn)
Locked (Locked Earn or Staking Locked)
2. Binance Earn Flexible
🔹 What it means: You can deposit your cryptocurrency (for example, USDT or BNB) and withdraw it whenever you want.🔹 Advantages:
You have liquidity, meaning if you need your money tomorrow, you can withdraw it instantly.
Lower risk of being stuck in a bad moment in the market.🔹 Disadvantages:
Lower interest rates because Binance does not have the assurance that your money will be there for a long time.
👉 It is like having your money in a flexible savings box: you earn a little, but it is always available.
3. Binance Earn Locked
🔹 What it means: You agree to keep your cryptocurrency locked for a fixed period (7, 30, 60, or up to 120 days, depending on the token).
🔹 Advantages:
Binance pays you higher interest because it knows your money will be fixed and can use it for liquidity in the exchange or staking.
Normally, the return is more stable and predictable.
🔹 Disadvantages:
You cannot withdraw your cryptos until the term is over (if you try, sometimes they return your money but without the interest).
If the crypto price rises or falls significantly and you want to sell, you will not be able to until the lock period is over.
👉 It is like a fixed-term deposit (DPF in banks): you earn more, but your money is not available until the agreed date.
4. So... what is more convenient for me?
If you are a beginner and want security/liquidity: Start with Flexible, so you get used to it without feeling trapped.
If you are not going to need that money soon and are looking for more profitability: Use Locked to obtain better interest.
✅ Practical conclusion for you now
If you see a very high flexible rate (like 10%), it may be a good opportunity, #aprendecriptos
1. What is Binance Earn?
It is like a savings account for cryptocurrencies, where instead of your money sitting idle, Binance 'works' it and pays you interest.
There are two main forms:
Flexible (Flexible Savings or Flexible Earn)
Locked (Locked Earn or Staking Locked)
2. Binance Earn Flexible
🔹 What it means: You can deposit your cryptocurrency (for example, USDT or BNB) and withdraw it whenever you want.🔹 Advantages:
You have liquidity, meaning if you need your money tomorrow, you can withdraw it instantly.
Lower risk of being stuck in a bad moment in the market.🔹 Disadvantages:
Lower interest rates because Binance does not have the assurance that your money will be there for a long time.
👉 It is like having your money in a flexible savings box: you earn a little, but it is always available.
3. Binance Earn Locked
🔹 What it means: You agree to keep your cryptocurrency locked for a fixed period (7, 30, 60, or up to 120 days, depending on the token).
🔹 Advantages:
Binance pays you higher interest because it knows your money will be fixed and can use it for liquidity in the exchange or staking.
Normally, the return is more stable and predictable.
🔹 Disadvantages:
You cannot withdraw your cryptos until the term is over (if you try, sometimes they return your money but without the interest).
If the crypto price rises or falls significantly and you want to sell, you will not be able to until the lock period is over.
👉 It is like a fixed-term deposit (DPF in banks): you earn more, but your money is not available until the agreed date.
4. So... what is more convenient for me?
If you are a beginner and want security/liquidity: Start with Flexible, so you get used to it without feeling trapped.
If you are not going to need that money soon and are looking for more profitability: Use Locked to obtain better interest.
✅ Practical conclusion for you now
If you see a very high flexible rate (like 10%), it may be a good opportunity, #aprendecriptos
See original
You who are starting on Binance, which is more suitable for you? Binance Earn Flexible or Binance Locked?
1. What is Binance Earn?
It is like a savings account for cryptocurrencies, where instead of your money sitting idle, Binance 'works' it and pays you interest.
There are two main ways:
Flexible (Flexible Savings or Flexible Earn)
Locked (Locked Earn or Staking locked)
2. Binance Earn Flexible
🔹 Meaning: You can deposit your cryptocurrency (for example USDT or BNB) and withdraw it whenever you want.🔹 Advantages:
You have liquidity, meaning if you need your money tomorrow, you withdraw it instantly.
It is like a savings account for cryptocurrencies, where instead of your money sitting idle, Binance 'works' it and pays you interest.
There are two main ways:
Flexible (Flexible Savings or Flexible Earn)
Locked (Locked Earn or Staking locked)
2. Binance Earn Flexible
🔹 Meaning: You can deposit your cryptocurrency (for example USDT or BNB) and withdraw it whenever you want.🔹 Advantages:
You have liquidity, meaning if you need your money tomorrow, you withdraw it instantly.
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