Cryptocurrency is booming, but along with it comes a new wave of scams targeting users! Scammers are exploiting the P2P trading feature on Binance to steal your assets. Here’s how they operate and how you can protect yourself!
What’s Happening?
Fraudsters are exploiting the peer-to-peer (P2P) trading feature on Binance to deceive users into releasing cryptocurrency without receiving any actual payments. Common tricks include:
Using fake payment screenshots
Bank transfer reversed
Using a stolen bank account
They create a legitimate appearance, making it easy for you to be deceived without realizing it.
Real-Life Scenario:
A user sells USDT on Binance P2P.
The buyer sends a fake receipt and urges the seller to quickly release the cryptocurrency.
Then, just a few minutes later—bank transfer reversed!
Outcome: The seller loses both money and cryptocurrency.
Why Is It Effective?
Exploiting Trust: Users trust the safe environment that Binance provides.
Psychological Pressure: Scammers use urgency and fast requests to pressure the seller.
Lack of Verification: Many users do not thoroughly verify actual bank deposits.
How to Protect Yourself and Your Assets:
NEVER release cryptocurrency without confirming that the funds have been cleared in your bank account.
Be cautious of urgent buyers or those pressuring you to act quickly.
Enable two-factor authentication (2FA) to secure your account and immediately report any suspicious users.
Only use verified payment methods on Binance to avoid risks.
Never Ignore These Tips!
P2P trading can be a great way to buy and sell cryptocurrency, but if you are not careful, it can turn into a battle with scammers.Always stay alert, always be informed, and always control your transactions!
Share Your Experience to Help Others!If you or someone you know has been affected by these scams,please share your story. It could help save others and stop these fraudsters immediately.
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