There are warning signs that I only noticed after bumping into trouble a few times while trading on Binance P2P. One of them is when the counterparty keeps urging me to complete the transaction very quickly, citing reasons like being busy or the time is almost up—even when the order time limit still has plenty of time left.
The second sign is when the buyer asks me to cancel the current order and create a new one with a different amount, usually with reasons like entering the wrong amount or changing their mind about the quantity. This is a tactic that makes sellers lose their guard, because the new order may no longer be protected by escrow in the same way as the original order if the proper process isn’t followed.
The third sign, and perhaps the most common, is newly created accounts that have no trading history but place orders for a very large amount right from the start. I’m not saying every new account is suspicious, but combined with the urging behavior, this combination is something to be extremely careful about.
From those incidents, I developed the habit of saving everything related to trading on Binance P2P: taking screenshots of the chat, saving images of bank statements showing the amount and the transaction time, and even noting the exact time I hit confirm or release. There was one time when, thanks to these screenshots, I resolved a dispute with the support team within just a few hours, instead of spending many days arguing with no concrete evidence.
For me, being cautious isn’t because I lack trust in Binance P2P, but because I understand that evidence is always the best protection for me in any situation.
@Binance Vietnam #BinanceP2PAnToan $BTW $ACE $PORTAL
The second sign is when the buyer asks me to cancel the current order and create a new one with a different amount, usually with reasons like entering the wrong amount or changing their mind about the quantity. This is a tactic that makes sellers lose their guard, because the new order may no longer be protected by escrow in the same way as the original order if the proper process isn’t followed.
The third sign, and perhaps the most common, is newly created accounts that have no trading history but place orders for a very large amount right from the start. I’m not saying every new account is suspicious, but combined with the urging behavior, this combination is something to be extremely careful about.
From those incidents, I developed the habit of saving everything related to trading on Binance P2P: taking screenshots of the chat, saving images of bank statements showing the amount and the transaction time, and even noting the exact time I hit confirm or release. There was one time when, thanks to these screenshots, I resolved a dispute with the support team within just a few hours, instead of spending many days arguing with no concrete evidence.
For me, being cautious isn’t because I lack trust in Binance P2P, but because I understand that evidence is always the best protection for me in any situation.
@Binance Vietnam #BinanceP2PAnToan $BTW $ACE $PORTAL
