P2P Scam Alert: Protect Your Crypto in Pakistan Before It’s Too Late!

As Pakistan sees rapid growth in cryptocurrency adoption, so do the threats lurking behind it. Peer-to-peer (P2P) trading on platforms like Binance offers convenience — but it’s also attracting scammers looking to exploit new users. If you're trading on Binance P2P, it’s crucial to understand the risks and take the right steps to safeguard your assets.

Here’s a guide to help you trade smarter and safer:

1. Always Use Binance P2P Platform

Avoid finalizing trades through WhatsApp, Telegram, or any external apps. Stick to Binance P2P, which offers escrow protection — ensuring your crypto is only released after confirmation of payment.

2. Never Trust Payment Screenshots

Scammers often send fake transfer screenshots to trick users. The only thing that matters is your bank balance. If the money hasn't arrived in your account, do not release your crypto.

3. Wait for Complete Payment Before Releasing Funds

Never let urgency or pressure influence you. Release your crypto only after full and confirmed payment hits your bank account.

4. Say NO to Third-Party Payments

If the payment comes from a name that doesn't match the verified buyer’s account, cancel the trade. Third-party transfers are a common scam tactic.

5. Trade with Verified, High-Rated Users

Choose buyers or sellers with a strong reputation — look for a success rate of 95%+ and consistent trade volume. Trust is built on track record.

6. Watch Out for Emotional Traps

Scammers use emotional manipulation like “urgent need” or “please help.” Don’t fall for it. Protect your assets with logic, not sympathy.

7. Use the Dispute Option When in Doubt

Facing delays or suspicious behavior? Use Binance’s Dispute Button to involve support and avoid unnecessary losses.

8. Never Bypass Escrow Protection

If anyone asks you to release funds before payment confirmation — it’s likely a scam. The escrow system is there for your safety.