Beware of P2P Scams on Binance: Stay Safe!

P2P (peer-to-peer) trading on Binance is a popular way to buy and sell crypto directly with others — but it's also a hotspot for scammers if you're not cautious.

Common P2P Scam Tactics:

1. Fake Payment Screenshots – The buyer sends a fake payment receipt without actually transferring funds. Always verify payment in your own bank app before releasing crypto.

2. Third-Party Payments – Payments sent from an account that doesn’t match the buyer’s name. This can lead to chargebacks or frozen accounts.

3. Reversal Fraud – After releasing crypto, some scammers file a false complaint to their bank claiming an unauthorized transaction, potentially reversing the payment.

4. Phishing Links – Scammers may impersonate Binance support or send fake links to "resolve" issues. Binance will never message you first or ask for passwords.

How to Stay Safe:

Always confirm payment in your bank, not just Binance chat.

Never release crypto before confirming the exact amount received.

Avoid third-party payments — it’s against Binance policy.

Use verified merchants or traders with high ratings and a long trading history.

Enable 2FA and avoid clicking suspicious links.

If something feels off, cancel the trade and report the user to Binance. It’s better to be safe than scammed.