HOW TO IDENTIFY AND PREVENT P2P FRAUD⚠️

🆘HOPE THIS IS HELPFUL FOR EVERYONE🆘 PART 1:

🚨 1. Fraud “Transfer on behalf of” (third party)

⚠️ Description:

•The buyer does not transfer money from their main account, but asks another person (or unrelated account) to do so.

•The seller sees that they receive the money and rushes to confirm, then it is reclaimed by the bank because this is an illegal transaction, or the money is blocked due to a fraud report.

❌ How to prevent:

Only confirm “I have received the money” when:

•The name of the bank account holder exactly matches the name of the buyer's Binance account.

•If the names do not match → do not confirm, contact Binance to report.

🕵️‍♂️ 2. Fake confirmation fraud (fake transfer photo)

⚠️ Description:

•The buyer sends a false photo of “transfer made,” but has not actually transferred any money.

•Hoping that the seller rushes to click confirm “I have received”

❌ How to prevent:

•Absolutely do not confirm when you only see a photo or words — only confirm when you actually see the money in your bank account.

•Always log into the banking app or Online Banking to verify.

💸 3. Fraud through transactions outside of Binance (off-platform)

⚠️ Description:

•The scammer tricks you into “transacting outside of Binance” to avoid fees or “transfer faster”

•After receiving the coins/account, they disappear – Binance does not support in case of dispute.

❌ How to prevent:

Absolutely do not conduct transactions outside of the Binance P2P system.

•Only use the official P2P platform to be protected by the escrow system (temporary hold).#CardanoDebate $ADA