🛡️ How to Protect Yourself from P2P Reversal Scams 🛡️

In the world of P2P (peer-to-peer) trading, a rising threat is the reversal scam. Here's how it typically works: A scammer pays you for your crypto, but later claims to their bank that the transaction was unauthorized. This often results in the bank reversing the payment — leaving you without your crypto and your money.

A Simple Strategy to Stay Safe:

Use a Dedicated Bank Account for P2P Trading

Never use your primary bank account for P2P transactions. Instead, create a separate account that you only use for receiving P2P payments.

Smart Handling Steps:

Once you receive a payment in your P2P account, immediately transfer the funds to your main bank account.

Only after confirming the transfer has safely arrived should you release the crypto to the buyer.

Why This Approach Works:

If a scammer attempts a reversal, your P2P account will already be empty — there will be no funds left to pull back.

Even if the bank freezes or flags your P2P account, your primary bank account and other assets stay secure.

Extra Tip:

If your P2P account gets frozen, simply open a new one and continue trading without major disruption.

Stay vigilant. Guard your hard-earned profits.

Authored by NoriFtm | Binance Square Write to Earn Contributor

Helping the crypto community stay informed and protected.

#SaylorBTCPurchase #xrpetf #BinanceAlphaPoints #TariffPause #BinanceHODLerSIGN