Post
Topic
Board Trading Discussion
Re: Is it safe ?
by
bhooscream
on 16/08/2022, 23:40:55 UTC
I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?
Afaik, Binance P2P uses escrow service so that it can give more secure services. As their explanation in this article:
https://www.binance.com/en/blog/all/3-tips-from-a-top-trader-how-to-safeguard-your-crypto-on-binance-p2p-421499824684902752
But, although Binance has stated they offer secure services, it doesn't mean to guarantee. We must be also more careful when doing P2P on Binance from our individual sides. We must be more careful and sure enough with the transactions.
You can learn from this video to stay safe when trading in P2P on Binance:
https://www.youtube.com/watch?v=XZ4aiovH4fk