Registered users of the Binance exchange can buy Bitcoin or Ether for dollars and other local currencies in the P2P section . And there you can find very interesting counter offers and the beneficiaries do not pay any service fees at all. The platform also tries to protect its customers from scammers and outright scammers, and if you do everything according to the instructions, you will never lose your money.
However, beginners may be treated with disdain by experienced traders. And to be honest, we all sometimes aren't polite enough. If you have had a negative experience in the process of cooperating with one or another counterparty, most likely you will never want to do business with them again. And in this case, you can simply ban this trader from Binance P2P . And now we will tell you how to do it.
Binance P2P Blocking Feature
Of course, you must understand that you do not have the authority of the moderators and you cannot take and kick a trader from the platform. So the ban feature on Binance P2P allows you to filter the list of counterparties in such a way that you will never again encounter an uncomfortable trader. Who exactly will be up to you.
Each customer can create their own "black" list. And you can only add those users with whom you have already interacted and had a negative experience in the process of working with them.
How to block a user on Binance P2P?
You can block your peer right after the transaction is completed or at a later time, when you have calmed down and thought things through. Unreasonable ban can damage your rating. And the counterparty, in turn, can block you or file a complaint. If there is no apparent attempt to defraud, no one will be expelled from the exchange to be blacklisted. However, if the number of these blocks continues to grow, the trader may be removed from P2P trading .
So, what should be done to prevent the opposite party. First, log in to Binance P2P , select the nickname you want and click on it with your mouse pointer. You will be taken to a page with general information about this trader.
And in the upper left, next to the nickname, there are the "Block" and "Complaint" buttons. Choose the option you want and justify your decision. The popup will display some standard reasons why traders often block each other on Binance P2P . So select the one that fits this situation, and if none of them fit, select Other, and write down your reason. After that, you will be isolated from that rolling stock until you remove the block.
We have told you how to block a user on Binance P2P through the exchange site.
On the mobile app interface, there is a lock button at the bottom of the page.
How to unblock a user on Binance P2P?
If you decide to unblock, you can do so in the “P2P User Center” on Binance . Log in to the exchange, open the live trading section, and click on the appropriate line in the upper right corner. Here you can set your preferred payment methods, comments and a list of blocked users. Just select the desired nickname and unlock it.
You can also unblock a user by advertising them. If this trader is blocked, then instead of the “Buy” or “Sell” button, you will see the inscription “Blocked” next to his orders. Click on it, and a window will appear on the screen reminding you to unlock the user. Do it right away and you can trade.
Recommendations and tips for beginners
The P2P trading algorithm is more complex than the instant platform. So, before you start working there, read the reference materials on the Binance P2P page and blog.
How to protect yourself from scammers on the Binance exchange
On the Binance exchange , all clients are verified, and the scammer will have a hard time here. But still, you should not forget about the safety rules. In P2P trading, there are also three unspoken commandments
- Never settle for OTC trading.
- Do not conduct commercial correspondence through third-party messengers, communicate only in the chat of the platform.
- If you sell cryptocurrency, then never send cryptocurrency until you receive fiat.
We recommend that you study general information about the seller. Find out how many successful deals he has made and how long he has worked on this platform. It is safest to trade with traders. If you see a yellow icon next to the title, you can safely work with this trader.
conclusion
Now you know how to block counterparties spamming you on Binance P2P . So be objective, reckless use of this function can turn against you. Profit trading!
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