P2P Scam Experience – A Small Loss, A Big Lesson

Let me share a recent experience on Binance P2P that taught me a valuable lesson.

I was selling USDT on Binance P2P when a buyer placed a small order of ₹400 and paid me via QR code. However, he couldn’t confirm the payment within the time limit, and the order got cancelled.

According to Binance’s standard P2P process, if the payment has been made but the order is cancelled, the seller can manually transfer crypto to the buyer’s Binance UID after verifying the payment. That’s what the buyer asked me to do.

Here’s where it got tricky.

This wasn’t a new buyer. We had traded before, and I had verified his payment details in earlier transactions. Based on that trust, I confirmed the payment name and manually sent the USDT to his Binance ID, even though the order had been cancelled.

The next day, I received a notification from my bank. The buyer had filed a chargeback claiming the ₹400 payment was unauthorized. My bank asked me for delivery proof—like an official email or confirmation of a completed order. But since the order was cancelled, I didn’t have a "Completed Order" status from Binance.

I submitted everything I had:

* Binance transaction receipt

* Previous chat screenshots showing the buyer’s name

Still, the bank insisted on delivery proof, which I couldn’t provide. Eventually, ₹400 was debited from my account. I had been scammed.

I reported the issue to Binance Customer Support, and they raised a refund request for ₹400. It's still pending.

The lesson? 😇

No matter how many times a buyer has traded with you, if an order gets cancelled after payment, do not send USDT manually.

Always refund the money to the original payment source. That way, you're protected in case of disputes or chargebacks.

I lost ₹400—it could’ve been ₹4,000 or ₹40,000. It was a hard lesson, but one I’m grateful came at a small cost.

Be cautious. Stay safe. Follow the process, and don’t let trust override your safety checks.

#BinanceP2P #ScamAlert #Binancecustomersupport