Guidelines for Safe P2P Trading on Binance in Pakistan
Given the rising concerns and chaos surrounding P2P trading in Pakistan, it's essential to follow certain safety measures to protect your funds and trades. Here are the best practices to ensure a secure and smooth transaction process:
1. Buy & Sell Only from Merchant Accounts
Always trade with verified Binance merchants. Merchants are required to deposit $2,000 to $5,000 to become verified, which adds an extra layer of security. Avoid trading with non-merchant accounts.
2. Verify Payment Before Releasing Crypto
When selling USDT or BTC, only release your crypto once you have received the payment in your bank account. Never rely solely on screenshots or third-party confirmations—ensure the funds have been credited.
3. Get the Buyer’s Phone Number in Chat
Establish direct communication with the buyer/seller through the chat feature. Having a phone number can help clarify issues quickly if anything arises during the transaction.
4. Make Timely Payments When Buying
If you are purchasing crypto, ensure that your payment is made within the designated time frame. Late payments can result in disputes or canceled orders.
By following these guidelines, Binance users in Pakistan can easily sell their profits and receive payments in their bank accounts, usually within a 15-minute window, depending on the time of day.
Important Reminder: Never use third-party payment methods to avoid potential scams or complications. As a daily P2P trader myself, I’ve never encountered issues by sticking to these practices.
Stay safe, and always trade responsibly.#P2PScamAwareness #Follow For More💰💰