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What is a Third-Party Scam in P2P?
A third-party scam on Binance P2P happens when a fraudster:
Uses someone else’s bank account, credit card, or stolen money to pay you.
Or asks another person to pay you instead of paying from their own verified account.
👉 Example:
1️⃣ You sell crypto to Buyer A.
2️⃣ Buyer A doesn’t pay you directly. Instead, they convince Person B to send you money — usually with a stolen or hacked account.
3️⃣ You see the money and release your crypto.
4️⃣ Later, Person B finds out and files a fraud complaint.
5️⃣ The bank reverses the payment — and you lose your money and your crypto.
This is money laundering or fraud — and you can get stuck in the middle if you’re not careful.
#P2PScam #thirdparty
A third-party scam on Binance P2P happens when a fraudster:
Uses someone else’s bank account, credit card, or stolen money to pay you.
Or asks another person to pay you instead of paying from their own verified account.
👉 Example:
1️⃣ You sell crypto to Buyer A.
2️⃣ Buyer A doesn’t pay you directly. Instead, they convince Person B to send you money — usually with a stolen or hacked account.
3️⃣ You see the money and release your crypto.
4️⃣ Later, Person B finds out and files a fraud complaint.
5️⃣ The bank reverses the payment — and you lose your money and your crypto.
This is money laundering or fraud — and you can get stuck in the middle if you’re not careful.
#P2PScam #thirdparty
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Connecting Binance Wallet to a Third Party
In the world of cryptocurrencies, security and protection are among the most important factors to consider when dealing with platforms and electronic wallets. Among the popular platforms that provide cryptocurrency trading services is the “Binance” platform, which allows users to store their digital currencies in their own wallet. With the increasing use of these platforms, users must take additional security measures to ensure the protection of their funds.
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