Key Takeaways
Fake proof of payment scams are designed to trick crypto sellers into releasing digital assets by using forged payment confirmations.
Always verify payments directly through your bank or wallet—never rely on screenshots or buyer-supplied proof.
Avoid rushing into transactions, especially if the buyer uses pressure tactics or urgent requests.
At Binance, we’re committed to keeping our P2P trading platform secure. However, user awareness is your first and strongest line of defense. Scammers may attempt to exploit P2P traders by submitting fake payment proofs to deceive sellers into releasing their crypto.
This guide explains how these scams work, outlines seven essential prevention tips, and tells you what to do if you’re targeted. Stay informed to trade securely on Binance P2P.
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What Are Proof of Payment Scams in P2P Trading?
These scams occur when a buyer sends a fake confirmation—such as a doctored screenshot or a counterfeit bank website—to trick a seller into releasing crypto before actual payment is received.
Scammers often use psychological pressure, including made-up emergencies or threats, to push you into acting quickly. When in doubt, contact Binance Support immediately.
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7 Ways to Protect Yourself from Proof of Payment Scams
1. Trade with Verified Merchants
Choose traders with a yellow checkmark on Binance P2P. These merchants have passed strict verification and have high trade volumes with positive feedback.
2. Confirm Account Details
Verify that the buyer’s name and bank details match those on the Binance P2P platform. Avoid trades involving third-party accounts.
3. Wait for Real Payment Confirmation
Don’t release your crypto based on screenshots or messages from the buyer. Confirm the payment has been received in your bank or wallet.
4. Watch for Urgent Requests
Scammers often create urgency, claiming their account will freeze or threatening legal action. Stay calm and don’t be pressured into rushing.
5. Inspect Payment Proof Carefully
Look for signs of tampering such as mismatched fonts, incorrect logos, or inconsistent transaction details. If anything looks off, report it to Binance immediately.
6. Communicate via the Platform Only
Use the Binance P2P chat to communicate with your trading partner. Avoid moving the conversation to third-party apps like WhatsApp or Telegram.
7. Report Suspicious Activity
If something feels wrong, click [Report] in the top-right corner of the P2P chat window. Include screenshots and transaction IDs for investigation.
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What to Do If You’ve Been Scammed
1. Report to Binance Support
Use the [Report] feature in the chat or merchant profile. Save the entire chat history and any fake payment proofs as evidence.
2. Raise an Appeal Immediately
If you detect suspicious behavior before completing a trade, open an appeal to halt the transaction and prevent losses.
3. Contact Law Enforcement
Binance collaborates with global authorities to fight fraud. Provide all evidence to the police. While recovery isn’t guaranteed, this is your best shot.
4. Avoid Recovery Scams
Don’t fall for fake fund recovery services that demand upfront fees. Only use official Binance channels and legal authorities.
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How Binance P2P Keeps You Safe
Escrow Protection
Crypto is automatically locked in escrow during the trade. If the buyer doesn’t complete payment, Binance returns your funds.
Dispute Resolution
Our 24/7 support team helps resolve issues when communication fails or if there’s suspicious behavior.
Verified Traders
Verified merchants undergo a strict approval process. You can choose to trade only with these trusted users in your P2P settings.
Advanced Risk Controls
Binance uses powerful monitoring tools and anti-fraud systems to identify and block suspicious activity.
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Final Thoughts
Staying alert is the best defense against proof of payment scams. Stick to Binance guidelines, double-check every transaction, and always confirm payment via official channels. If you suspect fraud, report it immediately.
Stay safe. Stay smart. Trade confidently.
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Ready to Start?
Create your Binance account or download the app to begin trading. Complete identity verification to access the Binance P2P marketplace.
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Further Reading
4 Common P2P Crypto Trading Mistakes to Avoid in 2025
Binance P2P Beginner's Guide – How to Buy and Sell Crypto Safely
Understanding the Risks of Off-Exchange P2P Trading
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Disclaimer: Use Binance P2P at your own risk. We handle only crypto transactions. All fiat payments are final once completed unless otherwise required by law. Binance P2P is not responsible for disputes involving completed payments or los
ses outside the platform.
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