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Binance Blog
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Safety in P2P trading: how to identify and avoid canceled order payment scams
Main topics of the post:The canceled/expired order payment scam induces buyers to send funds after the expiration or cancellation of a trade, using urgency, false assurances, and forged screenshots.Never send funds after an order is canceled or has expired and always keep communication on Binance.If you have been deceived, take action quickly: document everything and contact Binance Support immediately.Scammers thrive on urgency — and in P2P trading, time is the weapon they have. By intentionally stalling during the time when the order is active and pressuring the victim to pay as soon as it expires, these scammers create the illusion that the trade is still active, even when it is no longer the case. Some even go as far as faking screenshots or claiming they extended the deadline, all to induce the victim to send them funds. In this blog, we will detail exactly how the canceled/expired order payment scam works, show a real example, and share practical tips for you to protect yourself.
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