Dear Binance Community,

If you’re using Binance’s Peer-to-Peer (P2P) platform to buy or sell stablecoins like USDT or USDC, this message is extremely important for you. Many users handle payments through direct bank transfers — but do you really know how secure that is?

Let’s go over the major types of scams and how you can protect your funds:

1. When You’re the Buyer — What Could Go Wrong?

Suppose you’re trying to purchase USDT or USDC. You place an order and transfer money from your bank account to the seller’s provided details. Now you’re waiting for the seller to release the crypto into your wallet.

But what if they don’t release the crypto after receiving your money?

Some dishonest users delay or refuse to release the crypto intentionally.

You might be left worrying, even though you've already paid.

What You Can Do:

Open a dispute by tapping the “Appeal” button within the order page.

Upload valid proof of your payment — such as a bank receipt or transaction screenshot.

Binance’s support team will investigate. If your evidence is genuine, Binance will manually release the crypto to your wallet.

Reminder: Always double-check the seller's rating, number of successful trades, and KYC verification badge before starting the transaction.

2. When You’re the Seller — Here's How Scammers Trick You

This scam is more complex and dangerous.

You post a sell order offering your USDT. A buyer places an order and you wait for the money to arrive in your bank account. Suddenly, you receive a message saying “Payment Sent” — but no money actually hits your account.

This is how the scam works:

Fraudsters use fake payment receipts or bank notifications to make it look like they’ve paid.

If you're not careful, you might believe it’s real and release your crypto.

But once it’s gone, there's no way to reverse the transfer — your crypto is lost.

How to Stay Safe:

Never rely on messages or screenshots from the buyer.

Do not release any crypto until you personally check your bank balance or official banking app to confirm the money is received.

Even if they say they’re in a hurry or try to pressure you — wait and confirm the payment independently.

Binance's Official Guidelines for Safe P2P Trading:

Use only verified payment methods that match the buyer's or seller’s Binance name.

Avoid sharing sensitive information or communicating outside the Binance app.

Always rely on the Binance chat to keep a record of communication.

If something feels suspicious, do not proceed and report the user immediately.

Final Thoughts:

Be cautious, stay calm, and never rush any transaction. A few extra moments of verification can save you from major losses. Scammers prey on users who act quickly and don’t double-check.

Take your time. Protect your funds. Trade smart.

Want to trade securely? Buy or sell $BTC