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DIFFERENCE BETWEEN DISPUTE AND REPORT: DON'T LOSE YOUR USDT FOR NOT UNDERSTANDING ESCROW
Hey there, my newbie binancers!
To know how to defend yourself in P2P trading, it's crucial to learn when to open a dispute or when to file a report. The key to avoiding mistakes is understanding who safeguards your assets during a trade; today, we're diving into the famous ESCROW.
What is ESCROW and why is it your best buddy in P2P?
Imagine you're selling 100 USDT. At the moment you place the order, those USDT aren't in your wallet or the buyer's; Binance 'locks' them in a safety deposit known as ESCROW.
To know how to defend yourself in P2P trading, it's crucial to learn when to open a dispute or when to file a report. The key to avoiding mistakes is understanding who safeguards your assets during a trade; today, we're diving into the famous ESCROW.
What is ESCROW and why is it your best buddy in P2P?
Imagine you're selling 100 USDT. At the moment you place the order, those USDT aren't in your wallet or the buyer's; Binance 'locks' them in a safety deposit known as ESCROW.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.ย See T&Cs.