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How to Avoid Common P2P Scams
I. SMS Scams ⚠️
In this type of scam, fraudsters will send their victims an SMS text message that looks identical to the notifications sent by banks or wallet apps to notify the victim that they’ve received a payment from their counterparty.
How to avoid falling for SMS Scams ✔️
Make sure to check your bank account or e-wallet to confirm that you’ve received the funds from your counterparty. Don’t blindly trust the text message. Always log in to your bank accountor e-wallet and double-check whether you’ve received the funds.
#Scam_alert #P2P
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How to sell crypto via P2P trading on the Binance App (Pt. 2)
Note:
📌 If you encounter any issues during the transaction process, you can contact the buyer directly by tapping [Chat]. You may also tap [Help] to contact our Customer Support agents for assistance.
📌 Please note that you cannot place more than two ongoing orders at the same time. You must complete the existing order before placing a new order.
If you need more detailed instructions, check out the guide with screenshots and video on the Binance website
#Guide #Binance #P2P
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How to sell crypto via P2P trading on the Binance App (Pt. 1)
Before trading on the P2P market, you need to add your preferred payment methods first. For more details, please refer to How to Add New Payment Methods for P2P Trading.
📌 Log in to your Binance App and tap [Trade] - [P2P].
Alternatively, tap [P2P Trading] from the App homepage.
📌 You can use the Express or the P2P zone to trade with other users.
P2P zone
📌 Tap [Sell] and select the crypto you want to sell. You will see the available offers on the market. Tap [Sell] next to the preferred offer.
📌 You will see the buyer’s payment method, payment window, and terms (if any) at the bottom. Enter the amount of crypto you want to sell under [By Crypto], or tap [By Fiat] to enter the amount of fiat you want to receive. Tap [Sell] to confirm the order.
Express zone
📌 Tap [Sell] and select the crypto you want to sell. Enter the amount of crypto you want to sell, or tap [By Cash] to enter the amount of fiat you want to get. Tap [Sell with 0 Fee] to confirm the order.
📌 Your sell order will be generated. Please wait for the buyer to make a payment to your selected payment method. You may tap [Chat] to contact the buyer directly.
📌 You will be notified once the buyer completes the payment. Always confirm that you have received the buyer’s payment in your bank account or wallet before tapping [Payment received] and [Confirm release].
DO NOT release crypto to the buyer if you haven’t received their payment.📌 After confirming you have received the payment, tap [Payment received] and [Confirm] to release the crypto to the buyer’s account. 📌 You will be prompted to confirm the release of crypto with your 2FA devices. 📌 You have successfully sold your assets. If you need more detailed instructions, check out the guide with screenshots and video on the Binance website #Guide #Binance #P2P Crypto Bonus Offers | Make It! Crypto
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How to Sell Cryptocurrency on Binance P2P Website (Pt. 2)
Notes
📌 If you encounter any issues during the transaction process, you can contact the buyer directly using the [Chat] window on the right. You may also click [Have A Question] to contact our Customer Support agents for assistance.
📌 Always confirm that you have received the buyer’s payment in your bank account or wallet before releasing crypto.
We recommend logging in to your account to check whether the payment has already been credited. Do not rely solely on SMS or email notifications.
📌 Please note that the digital assets you sell will be frozen by the platform during the transaction process. You can click [Payment received] and [Confirm release] to release your assets to the buyer after confirming that you have received their payment.
📌 Do not agree to any request to release crypto before confirming the receipt of the payment to avoid financial losses.
📌 Please note that you cannot place more than two ongoing orders at the same time. You must complete the existing order before placing a new order.
If you need more detailed instructions, check out the guide with screenshots and video on the Binance website
#Guide #Binance #P2P
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How to Sell Cryptocurrency on Binance P2P Website (Pt. 1)
Before trading on the P2P market, you need to add your preferred payment methods first. For more details, please refer to How to Add New Payment Methods for P2P Trading.
📌 Log in to your Binance account and go to [Trade] - [P2P]
📌 Select the [Express] zone or the [P2P] zone to trade. The [Express] zone automatically matches the counterparty for you, while in the [P2P] zone, you can select your preferred buyer to trade with.
Express zone
📌 Select the crypto you want to sell and the fiat currency you want to receive. Enter the amount of crypto to sell, and the system will automatically calculate the amount of fiat you can get. Click [Sell with 0 Fee].
📌 Select the preferred payment method and click [Confirm Sale].
P2P zone
📌 Select the crypto you want to sell. You can filter all P2P advertisements using the filters. Click [Sell] next to the preferred ad.
📌 Confirm the order details. Enter the amount of crypto to sell, and the system will automatically calculate the amount of fiat you can get. Click [Sell].
📌 The order status will be shown as [Pending Payment]. The buyer should transfer the funds to you via your preferred payment method within the time limit. You may use the [Chat] function on the right to contact the buyer.
📌 After the buyer makes the payment, the order status will change to [Release crypto to the buyer]. Always confirm that you have received the buyer’s payment in your bank account or wallet before clicking [Payment received] and [Confirm release].
DO NOT release crypto to the buyer if you haven’t received their payment.📌 You will be prompted to confirm the release of crypto with your 2FA devices. 📌 The order is now complete. You can click [View my balance] to check the remaining balance of your Funding Wallet If you need more detailed instructions, check out the guide with screenshots and video on the Binance website #Guide #Binance #P2P Crypto Bonus Offers | Make It! Crypto
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How to Buy Cryptocurrency via P2P Trading on Binance App
You can buy cryptocurrency via P2P trading with over 600+ payment methods on the Binance App.
📌 Log in to your Binance App and tap [Trade] - [P2P]
Alternatively, tap [P2P Trading] from the App homepage.
📌 You can use the Express or the P2P zone to trade with other users
P2P Zone
📌 Tap [Buy] and select the crypto you want to buy. You will see the available offers on the market. Tap [Buy] next to the preferred offer.
📌 You will see the seller’s payment information and terms (if any) at the bottom. Enter the fiat amount you want to spend under [By Fiat], or tap [By Crypto] to enter the crypto amount you want to get. Tap [Buy] to confirm the order.
Express Zone
📌 Tap [Buy] and select the crypto you want to buy. Enter the fiat amount you want to spend, or tap [By Crypto] to enter the crypto amount you want to get. Tap [Buy with 0 Fee] to confirm the order.
📌 Tap [Make Payment] and you will see details of the seller’s preferred payment method. Transfer funds to their account accordingly within the payment time limit. After that, tap [Transferred, notify seller].
Important Note: You need to transfer the payment directly to the seller through a bank transfer or other third-party payment platforms based on the seller's payment information. If you have already transferred payment to the seller, do not tap [Cancel] unless you have already received a refund from the seller in your payment account. Do not tap [Transferred, notify seller] or [Confirm payment] unless you have paid the seller.
📌 The order status will be updated to [Releasing]. After the seller confirms your payment, they will release the crypto to you and the transaction is complete. You can view the assets in your Funding Wallet.
If you need more detailed instructions, check out the guide with screenshots on the Binance website
#Guide #Binance #P2P
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How to buy cryptocurrency on the Binance P2P website (Pt. 2) — P2P zone
📌 Select the crypto you want to buy. Click [Buy] next to the preferred offer.
You can filter all P2P advertisements using the filters. For example, use 100 EUR to buy USDT.
📌 Confirm the fiat currency you want to use and the crypto you want to buy. Enter the amount of fiat currency to use, and the system will automatically calculate the amount of crypto you can get. Click [Buy].
📌 You will see the seller’s payment details. Please transfer to the seller’s preferred payment method within the time limit.
You may use the [Chat] function on the right to contact the seller.
📌 After you have made the transfer, click [Transferred, notify seller] and [Confirm payment].
Important Note: You need to transfer the payment directly to the seller through a bank transfer or other third-party payment platforms based on the seller's payment information. If you have already transferred payment to the seller, do not click [Cancel] unless you have already received a refund from the seller in your payment account. Do not click [Transferred, notify seller] or [Confirm payment] unless you have paid the seller.
📌 After the seller confirms your payment, they will release the cryptocurrency to you and the transaction is considered completed. You can click [View my balance] to view the assets.
If you cannot receive the cryptocurrency within 15 minutes after clicking [Confirm payment], you can click [Appeal] to contact Binance Customer Support agents for assistance.
Please note that you cannot place more than two ongoing orders at the same time. You must complete the existing order before placing a new order.
If you need more detailed instructions, check out the guide with screenshots on the Binance website
#Guide #Binance #P2P
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How to buy cryptocurrency on the Binance P2P website (Pt. 1)
Before trading on the P2P market, you need to add your preferred payment methods first. For more details, please refer to How to Add New Payment Methods for P2P Trading.
📌 Log in to your Binance account and go to [Trade] - [P2P]
📌 Select the [Express] or the [P2P] zone to trade. The [Express] zone automatically matches the counterparty for you, while in the [P2P] zone, you can select your preferred seller to trade with. Select the [Express] or the [P2P] zone to trade
The [Express] zone automatically matches the counterparty for you, while in the [P2P] zone, you can select your preferred seller to trade with.
Express zone
📌 Select the fiat currency you want to use and the crypto you want to buy. Enter the amount of fiat currency to use, and the system will automatically calculate the amount of crypto you can get. Click [Buy with 0 Fee]
📌 Select your preferred payment method and click [Confirm Purchase].
If you need more detailed instructions, check out the guide with screenshots on the Binance website
#Guide #Binance #P2P
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How to Add New Payment Methods for P2P Trading
Binance P2P supports over 700 payment methods and 99 fiat currencies. You can buy and sell crypto using your local currency via multiple payment methods on the Binance website and App.
How to add new payment methods for P2P trading on the Binance website:
📌 Log in to your Binance account and go to [Profile] - [Dashboard] - [Payment]
📌 Select your preferred payment method
📌 Enter your payment information and click [Confirm]
📌 Verify the request with your 2FA device, and the new payment method will be available immediately
How to add new payment methods for P2P trading on the Binance App:
📌 Log in to your Binance App and tap [Trade] - [P2P]
📌 Tap [Profile] - [Payment Method]
📌 Tap [Add a new payment method] and select [All Payment Methods].
📌 Choose a preferred payment method from the available payment options. Enter your payment details and tap [Confirm]
📌 Verify the request with your 2FA device, and the new payment method will be available immediately
Please note that you can add up to 20 payment methods for P2P trading.
If you need more detailed instructions, check out the guide with screenshots on the Binance website
#Guide #Binance #P2P
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How to complete Identity Verification on the Binance:
1. Log in to your Binance account and click [Profile] - [Identification].
2. Click [Get Verified].
3. Select your country of residence. Your country of residence needs to be consistent with your ID documents.
4. Enter your personal information and click [Continue]. All the information entered needs to be consistent with your ID documents.
5. Next, you’ll need to verify your ID documents. Click [Continue].
6. Choose the country your documents were issued and you’ll see the list of acceptable documents.
7. Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.
8. You’ll need to upload a selfie. Follow the instructions to take a photo of yourself. Enable camera access on your device. Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.
9. You’ll also need to complete facial recognition. Click [Continue] to complete it on the current device, or click [I want to complete on mobile phone] if you want to use your mobile device.
9.1. Use your mobile phone’s camera to scan the QR code and follow the instructions to complete. Then, click [I have completed this on my phone].
10. Binance will review your data in a timely manner. Once your application has been verified, we will send you an email notification.
Do not refresh your browser during the process. You may attempt to complete the Identity Verification process up to 10 times per day. If your application has been denied 10 times within 24 hours, please wait 24 hours to try again.
If you need more detailed instructions check out guide with video and screenshots on the Binance website
#Guide #Binance
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How to Register on Binance:
1. Go to the Binance website
You can sign up with your email address, phone number, and Apple or Google account.
2. Enter your email address/phone number and click [Next].
3. You will receive a 6-digit verification code in your email or phone. Enter the code within 30 minutes and click [Submit].
4. Create a secure password for your account. Click [Next].
Your password must contain at least 8 characters, with at least one uppercase letter and one number.
5. You're a proud owner of the Binance account.
If you need more detailed instructions check out guide with screenshots on the Binance website
#Guide #Binance
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IV. Take care of passwords and keys ⚠️
The biggest fear of any crypto owner is having the password or seed phrase for their cryptowallet stolen. To prevent this from happening, follow these rules for creating secure passwords.
Protection methods:
✅ Use long and unique passwords for every site and service.
Storing them in encrypted form in a password manager synchronized across all your devices is highly convenient.
✅ Use two-factor authentication with a USB key or mobile app wherever possible. SMS authentication is best avoided because of the possibility of interception.
✅ Regularly check if your credentials have been exposed on the web from hacking or third-party service leaks.
#security #risk_management
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III. Create multiple cryptoasset repositories 🔒
Storing large amounts of cryptocurrency in online vaults or on devices connected to the internet (that is, in “hot” wallets) lets you quickly manage your funds but increases the risk of theft.
Investors who manage large amounts of cryptocurrency are advised to keep a small portion of their savings in a “hot” wallet for operational costs, and to move the rest of their funds to a “cold” wallet completely disconnected from the internet. It looks like a USB stick and is just as easy to use.
Ways to protect assets in a cold wallet:
✅ Select a secure model of wallet by reading the search results for “brand model vulnerability” and “brand model security assessment”.
Some cold wallet models are vulnerable to hacking.
✅ Buy crypto wallets only from trusted sellers or suppliers.
There have been cases of attackers creating fake crypto wallets of well-known companies and then selling them at online auctions or on message boards.
✅ Only carry out wallet transactions on a personal computer you know is safe.
✅ Make sure you store the wallet itself in a safe place, since losing it is equivalent to losing all your money.
Don’t think just about theft; you should also consider risks such as losing the wallet accidentally, through fires or natural disasters. A safe deposit box or safe in your home are probably the most suitable storage options.
✅ Create a long and unique password for your wallet.
Make sure that nobody sees it and that it’s impossible to guess — but also impossible to forget.
#security #risk_management
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Protection methods:
✅ Application behavior monitoring
✅ A malware detection rate of 99% or more
✅ Special protection of password entry windows against interception (keyloggers)
✅ Additional browser protection when visiting financial websites
✅ Detection of remote access to the computer
✅ Warnings about potentially dangerous applications
✅ Automatic search for outdated versions of applications and their updates from official sources
✅ Strict hygiene for all devices on which you carry out cryptocurrency transactions.
Only install apps from official sources (app stores). Avoid little-known apps with few downloads and reviews. Don’t use cracked versions of any software, as this is one of the main ways that criminals spread malicious applications.
✅ Restrict access. Don’t allow children, household members or anyone else use computers or smartphones that you use to carry out cryptocurrency transactions.
Password-protect your device and set it to automatically lock after a short period of inactivity. Use full disk encryption — like Bitlocker.
#security #risk_management
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II. Protect your computer and phone ✔️
Criminals don’t need to resort to social engineering to steal cryptocurrency or tokens. They can just as easily infect your computer or smartphone and then do their dirty work in various ways:
❌ Intercept wallet passwords entered on websites, or “hijack” the session directly from the browser.
In this way, scammers can gain access to your accounts on cryptocurrency exchanges.
❌ Change addresses when making transfers in Bitcoin, Etherium or other cryptocurrencies.
You’re about to make a payment, you copy the recipient’s wallet address to the clipboard, but then some malware changes the address just as you paste it. Since the wallet address is such a long combination of characters, it’s difficult to check it, and the switcheroo often goes unnoticed. As a result, the payment goes to another wallet at the last moment — and neither you nor the intended recipient can get it back.
❌ Install a miner on an infected computer that will put an additional load on your system and quietly mine cryptocurrency in the background.
This is how hackers usually mine Monero, and it’s effective even on relatively weak computers. The earnings from such “cryptojacking” attacks are small but stable, and victims may not notice they’ve been infected for weeks or even months.
❌ Change the address of the wallet to which earnings are sent in a “legal” mining application.
If you’re mining on your own, then all the cryptoassets you’ve accumulated through working your processor and graphics card to the bone might suddenly end up in someone else’s cryptowallet.
❌ Steal funds using fake or trojanized cryptocurrency apps.
They look like the real thing, but they’ll steal your crypto at the first opportunity. The most recent example is games that offer players winnings in cryptocurrency.
#security #risk_management
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Protection methods:
✅ Always thoroughly double-check the validity of any firms, individuals or websites that offer to help you invest.
✅ Don’t make any hasty decisions, and carefully study in-depth any new investment opportunity you come across.
Fraudsters often rush their victims into acting before they realize what’s happening.
✅ Ignore any unexpected offers.
If you see a seemingly profitable crypto investment offer on social media, in your e-mail, or via an instant messenger, it’s highly likely a scam. Don’t waste time investigating every offer you see; simply ignore anything that you didn’t go looking for yourself.
✅ Use anti-phishing protection on all your devices.
Any site must be carefully checked to make sure it’s the real deal. Kaspersky Premium does this job for you, blocking visits to fake sites on both your computer and your phone. It’s important to make sure that all platforms are protected, as phishing scams are just as dangerous for Apple devices as for Windows or Android.
✅ Use a reliable VPN.
By itself, a VPN won’t protect you from phishing or fraud, but it will protect you from website spoofing and spying — especially useful when you’re working with your cryptoassets in cafes, airports, hotels and other places with public Wi-Fi. Kaspersky Premium includes a high-speed VPN subscription with multiple servers around the world.
#security #risk_management
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Cryptocurrencies and other blockchain assets aren’t protected by bank guarantees or other “traditional” financial security measures. Therefore, investors need to take every possible precaution to protect themselves. Here are four key tips for storing cryptocurrencies securely and protecting other cryptoassets.
I. Expect scams 👀
The variety of different cryptoassets combined with a lack of regulation makes crypto investing a prime target for scammers of all calibers. Crypto investors therefore need to exercise extreme care (with a healthy dose of paranoia) much more than when working with traditional finances.
What are the most common scams?
❌ Giveaway scams: super-profitable investments through an “investment fund”, “experienced manager”, “celebrity”, or “large investment firm”. Schemes differ: in some scams the criminals simply make off with the first payment, while in others they afford the victim a small profit — prompting further investment.
❌ Value inflation: investing in promising new coins or tokens. The value of the token constantly increases, but it’s actually impossible to subsequently cash out your investment.
❌ Romance scams: scammers find victims on Tinder or other dating platforms. After a long romantic correspondence, the conversation turns to the topic of investments… and then it’s business as usual, as in the first point above.
❌ Fake cryptocurrency exchanges or investment platforms: typical phishing schemes, except the scammers are phishing for cryptowallet details rather than credit card data.
#security #risk_management
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#rules_of_investing 💰
VI. Keep on top of your investments
It's a good idea to periodically review the performance of your investments. Choices that were right for you two years ago may not necessarily be the best for you now. Whether you speak to an independent financial adviser or conduct your own review, it makes sense to reassess your investment choices regularly.
📌 Take stock of your investment performance
Some investments you hold will almost certainly have performed better than others, so the attractiveness of some over others may change over time. As higher risk is by no means a guarantee of higher returns, reviewing what you hold can also help you keep on top of the overall level of risk you’re exposing your money to.
📌 Your immediate personal circumstances may have changed
Your investment choices depend on many factors, some of which may be unique to your own circumstances. For example, if a new job brings a higher income you might have more money to invest each month, and you may be more prepared to take more risks with, in the hope of higher potential returns. Regularly reviewing how and where you’re investing can help to ensure your investments still suit your personal circumstances.
📌 Your investment objectives evolve over time
Whether you’re trying to build up investments for a particular life event – like funding a major career change – or maximising your pension fund, what you’re looking to achieve with your investments can change over the years.
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#rules_of_investing 💰
V. Take a long-term view 👀
Investing should not be viewed as a short-term solution to a problem. Investing over a timeframe of at least five years can give your investment more opportunity to ride out any short-term performance dips.
📌 Look beyond the short-term.
The factors that drive the day-to-day moves in markets are notoriously difficult to predict. Even over a matter of weeks or sometimes months investment returns can be erratic. Trying to time the market increases your risk of buying or selling at the wrong time. By investing over a longer timeframe, you’re more likely to benefit from trends that can support positive performance over a matter of years.
📌 Investing monthly over five or more years can smooth out returns
While some may have a lump sum to invest immediately, others invest regular sums on a monthly basis over several years. This can help to even out the effect of short-term market moves as a regular monthly investment buys more during months when prices have dipped, and buys less when prices are higher.
📌 Think about how to access your money if the unexpected happens
Ideally, you won’t need to touch your money for at least five years. But life can sometimes take an unexpected turn. A change of personal circumstances, perhaps due to a career change or illness, could mean that you need access to your money urgently. So check for any notice periods or fees that you’d need to pay just in case.
Even when investing in the long term you should still make sure you are comfortable with what you are investing in and the risk that you could still end up with less than you put in.
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#rules_of_investing 💰
IV. Diversify
⚠️ In an uncertain world, putting all your investment eggs in the same basket can be risky.
Spreading your money across a range of different asset types, exchanges, wallets and tokens will reduce your reliance on any one to perform. So if some of your investments perform poorly and make a loss, your other investments might not
Therefore, many people choose to invest in a fund – where an investment manager will choose which assets to invest in on your behalf.
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