🚨 Urgent Warning: New Binance P2P Scam Targeting Users – Stay Alert!
A new scam is circulating on Binance P2P, and it's costing unsuspecting users both their crypto and their money. Here’s what you need to know to stay safe.
⚠️ The Scam: “Fake Payment Reversal”
Scammers are exploiting trust and payment system loopholes. Here’s how the scam unfolds:
Scammer places a buy order – The fraudster poses as a legitimate buyer on Binance P2P.
Fake payment sent – They initiate a payment (often via bank transfer) that looks authentic.
Crypto is released – Seeing the "payment," you release your cryptocurrency.
Payment is reversed – The scammer cancels or reverses the transaction after receiving the crypto.
You lose both – You end up with neither the money nor the cryptocurrency.
🔐 How to Protect Yourself
Take these precautions to avoid falling victim:
Only trade with verified users – Look for the blue verification badge on Binance P2P.
Confirm payments via your banking app – Never trust SMS or email payment notifications alone.
Be wary of “too good to be true” offers – They often are.
Keep communication within Binance P2P chat – This ensures a record exists in case of disputes.
Use the “Appeal” button if unsure – Don’t release your crypto if anything feels off.
🛡️ Help Keep the Community Safe
Spread the word. Share this alert with your fellow traders—your post could stop someone from getting scammed.
Have you encountered suspicious activity on Binance P2P? Share your experience below to help raise awareness.
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