Today I bring you a story from when I started in this world. Everything was going perfectly trading with Payeer, until an excess of confidence slapped me with reality.
The situation:
I made a sale of USDT for $100. I received the notification on my phone saying "Money received". Without thinking twice and eager to keep trading (I had a pending purchase), I released the crypto assets immediately.
The surprise:
Minutes later, when I tried to use those $100 to pay for my next order... the balance was zero. 😱
What really happened?
The buyer had sent me the money, yes, but using a Payeer function that requires a release code. Basically, the money was "in the air" and was only credited if I entered a code that he never gave me. Being new to that wallet, I didn't know that trick.
The outcome:
Called immediately, but it was too late. The scammer was quick: he moved the funds to another Binance account and, although his account was blocked, my $100 had already vanished.
✅ Lessons that I will carry forever:
Notification ≠ Real Balance: Never, under any circumstances, release based solely on a push notification or an SMS. Enter the app, update the balance, and make sure the money is available to use.
Know your tools: If you're going to use a new wallet (Payeer, Wise, Skrill, etc.), first study how their sending methods work. Scammers love "protected" or "code" functions.
Speed kills: In P2P, being fast is good, but being cautious is vital. Those extra 30 seconds of verification are worth much more than a speedy transaction.
Today, I handle a much larger volume and several bank accounts and wallets, but I never forget those $100. They were the payment for my "tuition" at the university of P2P.
👇 Who else has experienced something similar due to overconfidence? I'm reading your comments so that no one else falls for it.
#BinanceP2P #P2PTrading #CryptoScamAlert #BinanceSquareTalks #tradingtips
