Can I get scammed on Binance P2P?

Trusted by millions of users worldwide , Binance P2P provides a safe platform to conduct crypto trades in 300+ payment methods and 70+ fiat currencies — all with zero fees. At Binance, we take user protection seriously, providing a robust security framework to ensure users enjoy a safe and secure crypto experience.

Peer-to-peer platforms are considered the most secure way of trading between users . Escrow in this case means an agreement in which a third party ( the p2p platform) holds the funds in safe and secure manner until the promised trade is completed and both parties have agreed to the trade.

Truth be told, it’ allots easier than you think and it’s very safe (so long you don’t give out you log in details to strangers and follow the steps below). Note: You can get a free sign up bonus when you open a free Binance Account. And if you have any question, feel free to ask our Support Team to get help.

There might be occasions when the counterparty asks you to continue with the trade outside of the trading platform. They will argue that this way, both of you can save on fees (Binance P2P has zero fees), but in most cases, it’s just a scammer trying to lure you away from the security of Binance P2P .