šØ Binance P2P Safety Tips ā My Personal Guide to Avoid Scams
Been seeing more people get caught in P2P scams lately, so I put together this quick guide to help you stay safe when trading directly on Binance.
š Most Common P2P Scams & How to Avoid Them:
1. Fake Payment Receipts
Scammers send photoshopped screenshots to trick you.
š Always double-check your actual bank or PayPal accountāscreenshots mean nothing.
2. Reversible Payment Methods
They use methods like PayPal that can be reversed after you send crypto.
š Stick to bank transfers only whenever possible.
3. Account Takeover Fraud (ATO)
Stolen bank accounts get used for paymentsāthen the real owner disputes it.
š If someone wonāt verify identity through Binance chat, cancel immediately.
4. Fake āBinance Supportā
Scammers pretend to be Binance staff and ask for your login info or crypto.
š Binance will NEVER message you first. Donāt fall for it.
5. Price Manipulation
Some users bait with fake exchange rates to rip you off.
š Always check live market prices before confirming any trade.
ā
How I Trade Safely on Binance P2P:
Before the Trade:
ā Trade only with sellers who have 95%+ positive feedback
ā Avoid brand new accounts or those with low volume
ā Use Binance escrow ā never take it to Telegram or WhatsApp
ā Confirm payment method + account details clearly in chat
During the Trade:
ā Wait until the funds hit your actual account, not just a screenshot
ā Take screenshots of everythingāchat, payments, etc.
After the Trade:
ā If something feels off, report the buyer/seller and contact Binance Support fast with evidence
Letās keep each other informed and safe out there. Crypto freedom should come with smart precautions.
#BinanceTips #P2PSafety #CryptoSecurity #ScamAlert