1. How Automated Smart Escrow Protects You
When a P2P trade is initiated on BINFREX, the seller's crypto assets are instantly locked inside a secure cryptographic escrow smart contract. The seller cannot withdraw or move the crypto until payment is confirmed by both parties or resolved by an official compliance arbitrator.
P2P GOLDEN SECURITY RULES
- 1Rule 1: Never accept payments from bank accounts that do not match the counterparty's verified KYC name.
- 2Rule 2: Never trust SMS notifications or email screenshots; log into your banking app directly to verify settled balance.
- 3Rule 3: Never communicate or agree to terms via external messaging apps like WhatsApp or Telegram.
- 4Rule 4: Never click 'Payment Received' until money has cleared and settled permanently.