To avoid P2P scams on Binance, you need to use both the platform’s built-in safety features and your own judgment. Here’s a practical, step-by-step guide to keep you safe during every P2P trade.
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✅ 1. Choose Reputable Counterparties
Check the trader's stats before initiating a trade:
✅ High completion rate (above 90%)
✅ Large number of completed trades
✅ Positive feedback from other users
✅ "Merchant" or "Verified" badge when available
Avoid new or low-reputation users unless you're taking extra precautions.
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🔒 2. Use Binance’s Escrow System Properly
When a trade is initiated, Binance locks the seller’s crypto in escrow.
Only release crypto after confirming you’ve received the full and cleared payment in your own account.
For buyers, always click “Mark as Paid” only after you have truly made the payment.
> 💡 Never release your crypto just because someone shows a payment receipt. Always confirm funds are in your account.
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🚫 3. Avoid These Common Scams
Scam Type How It Works What to Do
Fake payment proof Scammer uploads a fake receipt Don’t rely on screenshots—confirm money in your account
Chargeback scam Payment is reversed after release Avoid receiving funds from accounts that don’t match the trader's name
Overpayment trap Scammer “accidentally” pays more and asks for a refund Don’t refund—cancel trade and report to Binance
Impersonation of Binance support Scammer messages you pretending to be Binance Binance never contacts users via chat—report them immediately
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📲 4. Follow These Safe Trading Habits
If You’re a Seller:
Confirm payment in your bank or e-wallet app, not just Binance.
Never release crypto early, even if the buyer claims urgency.
Block and report users who pressure or manipulate.
If You’re a Buyer:
Always make the payment promptly and accurately.
Use your own bank account (same name as your Binance account).
Don’t ask the seller to release before you pay—that’s a red flag.
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⚠️ 5. Know the Red Flags
Avoid trades with users who:
Want to move the trade outside of Binance
Offer to pay extra or send money in installments
Have different names on their bank and Binance account
Pressure you to act quickly or threaten you if you don’t
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🛡️ 6. What to Do if You Suspect a Scam
1. Do NOT release crypto or cancel the trade.
2. Click “Appeal” on the Binance trade screen.
3. Upload evidence (screenshots, transaction records, chat).
4. Binance support will investigate and mediate.
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🔐 7. Protect Your Account
Enable 2FA (two-factor authentication)
Use a strong and unique password
Don’t share login details or codes with anyone
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✅ Summary: Golden Rules
✅ Do ❌ Don’t
Trade only with trusted users Trust screenshots as proof of payment
Confirm payment in your bank Release crypto before payment is confirmed
Use Binance’s chat and system only Take trades outside of Binance
Start an appeal if unsure Cancel or refund without Binance support
