Binance CEO Richard Teng Highlights Important Safety Tips for P2P Users

Binance P2P Trading Safety Update

Binance's P2P trading platform is experiencing increased user adoption, raising concerns about scams. CEO Richard Teng provided safety tips for users:

Verify trades before participating; listings may not be genuine.
Check the merchant’s profile, focusing on completed trades, reviews, and ratings.
Avoid sharing personal details or clicking external links.
Be cautious of edited payment proofs from sellers.
Use Binance's escrow system; do not release funds until payment confirmation is received.
Confirm payments using official banking apps; distrust screenshots and email notifications.
Keep all communications within the Binance platform to ensure support availability.
Sellers should pause listings when unavailable to prevent disputes.

This announcement coincides with Binance Japan receiving ISO security certifications. Additionally, Binance Coin has seen notable price gains, outperforming major cryptocurrencies such as Bitcoin, Ethereum, and XRP.