I once encountered a situation that made me reread the Binance P2P process. It happened when I sold 200 USDT after winning a Binance Alpha airdrop. The buyer sent me a screenshot saying the funds had been transferred and urged me to release the crypto. At first glance, everything looked quite normal, but when I checked the receiving account directly, I realized that amount of money had not appeared at all.
From that situation, I started paying closer attention to a detail in Binance’s instructions: sellers should only release crypto after they themselves have confirmed that they truly received the money.
I reread Binance’s guide and found the process quite clear. When selling, the crypto is held in escrow. The seller waits for the payment to arrive at the agreed-upon method, then confirms that the funds have actually been received before releasing.
I wanted to understand why this confirmation step is placed before the release, instead of relying only on the message “payment has been made.”
When I looked further into P2P safety documentation, the reason became clearer. Binance warns about fake payment confirmations and recommends checking the receiving account directly rather than trusting screenshots, receipts, or SMS.
Turns out, escrow doesn’t mean the seller can skip the final verification step. Escrow holds the crypto during the transaction, but whether the fiat money has truly arrived still needs to be checked by the recipient.
Looking at it more broadly, P2P always has a portion of responsibility on the user. Perhaps in P2P, safety isn’t about trusting that the system has handled all risks, but about continuing to verify what the system cannot confirm on your behalf.
#binancep2pantoan @Binance Vietnam $BTC
From that situation, I started paying closer attention to a detail in Binance’s instructions: sellers should only release crypto after they themselves have confirmed that they truly received the money.
I reread Binance’s guide and found the process quite clear. When selling, the crypto is held in escrow. The seller waits for the payment to arrive at the agreed-upon method, then confirms that the funds have actually been received before releasing.
I wanted to understand why this confirmation step is placed before the release, instead of relying only on the message “payment has been made.”
When I looked further into P2P safety documentation, the reason became clearer. Binance warns about fake payment confirmations and recommends checking the receiving account directly rather than trusting screenshots, receipts, or SMS.
Turns out, escrow doesn’t mean the seller can skip the final verification step. Escrow holds the crypto during the transaction, but whether the fiat money has truly arrived still needs to be checked by the recipient.
Looking at it more broadly, P2P always has a portion of responsibility on the user. Perhaps in P2P, safety isn’t about trusting that the system has handled all risks, but about continuing to verify what the system cannot confirm on your behalf.
#binancep2pantoan @Binance Vietnam $BTC
