Avoiding Scams in Binance P2P – What Every New Trader Should Know

My second trade almost went wrong. The seller’s UPI name didn’t match the Binance name, and they asked for personal details like Aadhaar and phone number. That’s a red flag! 🚨

Here’s what I’ve learned to stay safe in P2P trades:

🔴 Never pay if the UPI name doesn’t match the Binance verified name

🔴 Avoid sellers who ask for phone numbers or Aadhaar — even in Binance P2P chat

🔴 Use only Binance's chat, avoid outside communication (WhatsApp, Telegram, etc.)

🔴 Never click on unknown links or scan QR codes not shown in Binance

✅ Always use “Transfer & Notify Seller” after payment

✅ Keep screenshots of successful payment & UPI reference

✅ Cancel the order if the seller doesn’t respond or seems suspicious

Binance’s escrow system protects you only if you follow the right steps.

Stay alert, trade smart. 📈💪

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