Basic rules to avoid losing all of your money.

First of all, when working with multiple crypto platforms or with clients, you need to be able to transfer money, the crypto assets, between those exchanges. The transfers are performed by sending crypto from one wallet to another through a chosen blockchain network.

Caution, spoiler! Sending crypto to a wrong wallet address or through a wrong blockchain will lose all of your money!

Say, your TRC-20 address on Binance is TNsiS2CkPAYfYxHEyRnVnmL2yRiZ2MxU4q.
Now, what is TRC-20? It’s a network based on TRON blockchain (you can read more about it in the Blockchain article).

If you enter an incomplete address, for example: TNsiS2CkPAYfYxHEyRnVnmL2yRiZ2MxU4q, it goes either to someone else or to nowhere.
When selecting a blockchain network, and given options of TRC-20, ERC-20 and BEP-20, make sure your finger doesn’t accidentally slip to the wrong one.

We all have, at least once, imagined checking the balance of bank account or crypto wallet and seeing a new coming deposit of $100,000, just out of nowhere. And yes, that’s actually happened to me ($89,000 showed up one day) but that’s for another story. Yet, the morale, no one wants to be the person to lose a 100 grand on one stupid mistake.

So, my advice is to triple-check everything before hitting "SEND".
And one more custom advice (actually that’s a method used by big cash-to-crypto exchange offices) is to read out at least the first 5 and the last five symbols of the address where you are sending your crypto assets to be sure that it's the right one.

Next, the major benefit of centralized crypto exchanges for P2P traders: escrow.
Platfroms, primarily known for their peer-to-peer trading, like Binance, Paxful and LocalBitcoins, offer their users an additional level of security, yet still keeping it anonymous. Escrow systems protect everyone involved in the trade. To initiate the trade, the system makes sure that you actually have assets in possession to sell and does not release them until you confirm that you have received payment. In case of a dispute, moderator from the platform checks the proof of payment from both sides to verify the validity of an argument.

In case someone tries to scam you in broad daylight or you have ground to believe that is happening, don’t hesitate to call the moderator into the trade. It’s your safest option.

Summarizing, instead of performing trades with random users in good faith, no matter how good their reputation is or how many times you have traded before, and just sending money or crypto to the given requisites, hoping to get something back - trade through escrow!