My first trade on Binance P2P happened on a weekend evening, when I needed to buy 5 million VND worth of USDT to transfer to a friend overseas. My hands were a little shaky when I placed the order, because before that I’d only heard about crypto scams on social media and had never tried it myself. What reassured me most was Binance P2P’s escrow mechanism. As soon as I placed the buy order, the corresponding amount of USDT from the seller was locked in the system—neither party could withdraw it on their own until the transaction was completed or there was a resolution decision from Binance’s team. Thanks to that, I didn’t have to worry that the seller would take the money and disappear without delivering the crypto. Before making the bank transfer, I took some time to review the seller’s profile: the number of orders completed, the completion rate over the most recent 30 days, and the ratings from previous buyers. This seller had more than 200 successful orders with a 98% completion rate, which gave me much more confidence than trading with a brand-new account with no history.
Throughout the whole process, I chatted with the seller directly within the Binance P2P chat window, without switching to any other messaging app. Every message, the time it was sent, and the content exchanged were automatically saved—this is an important piece of evidence if any dispute arises later. After it was all done, I realized that my initial anxiety largely came from not understanding the process. Once I understood the role of escrow and knew how to read a counterparty’s profile, I became much more confident in the trades that followed.
@Binance Vietnam #BinanceP2PAnToan $BTW $ACE $PORTAL
Throughout the whole process, I chatted with the seller directly within the Binance P2P chat window, without switching to any other messaging app. Every message, the time it was sent, and the content exchanged were automatically saved—this is an important piece of evidence if any dispute arises later. After it was all done, I realized that my initial anxiety largely came from not understanding the process. Once I understood the role of escrow and knew how to read a counterparty’s profile, I became much more confident in the trades that followed.
@Binance Vietnam #BinanceP2PAnToan $BTW $ACE $PORTAL
