๐ง๐ FAQ: P2P Questions Every Beginner Should Know๐ฅ
๐ธ 1. How long does Escrow hold the crypto?
Crypto is held in Escrow as soon as the order is matched, and is only released to the buyer after the seller confirms full payment. If there is a dispute, Escrow continues to hold the crypto until the Appeal is resolved.
๐ธ 2. Why should I wait for bank confirmation instead of trusting a screenshot?
Screenshots can be edited, while your actual balance in your banking app or wallet reflects whether the funds have really arrived. Always verify the actual balance before releasing crypto.
๐ธ 3. Is it risky to trade with a new merchant with few completed orders?
Not necessarily. However, for larger transactions, consider prioritizing merchants with a Gold or Silver Merchant badge and a consistently strong completion rate. Regardless of the counterparty, always follow your P2P safety checklist.
๐ธ 4. What should I do if I suspect a scam?
Don't negotiate privately with the counterparty. Open an Appeal directly from the order and provide the Order ID, bank payment proof, and Binance Chat history. Binance Support is available 24/7 to assist with the case.
๐ธ 5. Should I move to Zalo, Facebook, or WhatsApp if the counterparty suggests it?
No. Keep all communication in Binance Chat. Moving off-platform can mean losing important evidence if something goes wrong.
@Binance Vietnam #BinanceP2PAnToan
---
$BTC
#Binance #P2P
#ThuyBNB
๐ง๐ If you find this post useful,
please give me a like, share, and follow.
โค๏ธ I really appreciate it.
๐ธ 1. How long does Escrow hold the crypto?
Crypto is held in Escrow as soon as the order is matched, and is only released to the buyer after the seller confirms full payment. If there is a dispute, Escrow continues to hold the crypto until the Appeal is resolved.
๐ธ 2. Why should I wait for bank confirmation instead of trusting a screenshot?
Screenshots can be edited, while your actual balance in your banking app or wallet reflects whether the funds have really arrived. Always verify the actual balance before releasing crypto.
๐ธ 3. Is it risky to trade with a new merchant with few completed orders?
Not necessarily. However, for larger transactions, consider prioritizing merchants with a Gold or Silver Merchant badge and a consistently strong completion rate. Regardless of the counterparty, always follow your P2P safety checklist.
๐ธ 4. What should I do if I suspect a scam?
Don't negotiate privately with the counterparty. Open an Appeal directly from the order and provide the Order ID, bank payment proof, and Binance Chat history. Binance Support is available 24/7 to assist with the case.
๐ธ 5. Should I move to Zalo, Facebook, or WhatsApp if the counterparty suggests it?
No. Keep all communication in Binance Chat. Moving off-platform can mean losing important evidence if something goes wrong.
@Binance Vietnam #BinanceP2PAnToan
---
$BTC
#Binance #P2P
#ThuyBNB
๐ง๐ If you find this post useful,
please give me a like, share, and follow.
โค๏ธ I really appreciate it.