SCAMMER ALERT FOR BEGINNERS!!

Spotting scammers on Binance (or any crypto platform) requires vigilance. Here’s a step-by-step guide to help you identify potential scams and protect yourself:

Step 1: Verify Identity Through Binance

Only trade with verified users.

Look for the "Verified" badge on user profiles if you're using Binance P2P.

Avoid users who refuse to verify or pressure you to skip Binance’s secure channels.

Step 2: Never Go Outside Binance Channels

Only communicate and trade through Binance’s official platform.

Scammers often ask to move conversations to WhatsApp, Telegram, or email—don’t do it.

Step 3: Watch for Urgency or Pressure Tactics

Scammers create urgency: “Do this now or lose the deal.”

Legitimate users won’t rush or intimidate you into decisions.

Step 4: Watch for Overpayments or Suspicious Offers

Be cautious if someone offers to pay significantly above market price.

If they ask for a refund because they “overpaid,” it’s likely a scam.

Step 5: Double Check Payment Proofs

In P2P trading, never release crypto until you see the money in your account.

Fake payment receipts are common. Check your actual bank account, not screenshots.

Step 6: Use Binance Escrow Services

Binance P2P holds crypto in escrow during trades.

Only click "Release" after confirming the money is in your account.

Step 7: Report Suspicious Users

Use the “Report” button to notify Binance if you suspect scam behavior.

Provide screenshots and transaction details.

Step 8: Enable Two-Factor Authentication (2FA)

Add an extra layer of security using Google Authenticator or SMS verification.

Step 9: Avoid Clicking on Unverified Links

Scammers may send phishing links disguised as Binance.

Always double-check the URL: https://www.binance.com/

Step 10: Stay Updated

Follow Binance announcements and community pages.