🛠️All about P2P scams on Binance

⚠️Common Types of P2P Scams on Binance

1.Fake Payment Proofs

A scammer sends a fake screenshot or claims they've paid when they haven’t.

You release the crypto before confirming payment in your bank = loss.

2.Reversal/Chargeback Fraud

Buyer uses a payment method that allows reversals (e.g., credit card, bank transfer).

After receiving crypto, they reverse the transaction, leaving you without funds.

3.Social Engineering

Scammers pressure you to release funds before the payment shows.

They might impersonate Binance support or use emotional manipulation.

4.Using Third-Party Accounts

Payments come from unrelated names/accounts, raising red flags.

This can lead to frozen bank accounts due to AML issues.

5.Overpayment/Underpayment Tricks

Scam tactics include sending slightly more/less than the required amount to confuse you.

✅ How to Protect Yourself

1.Only release crypto after you see money in your bank account.

2.Verify the sender's name matches the buyer’s Binance account.

3.Avoid off-platform communication – scammers thrive on taking chats to WhatsApp, Telegram, etc.

4.Use Binance’s in-app chat to keep all proof within the platform.

5.Report suspicious activity immediately to Binance support.

Don’t fall for pressure – if someone is rushing you, that’s a red flag.

🔒 Binance's Safety Tools

1.Escrow system: Holds crypto until both sides confirm payment.

2.Appeal system: If something goes wrong, you can raise an appeal with Binance.

3.Verified users: Trade with users who have a high completion rate and positive reviews.

🚨 What to Do If You Get Scammed

1.Immediately file an appeal in the trade window.

2.Contact Binance support with all evidence (chat, screenshots, bank statement).

3.Report to your local bank if money was stolen or fraud occurred.

4.File a police report for serious cases – this can help in recovery.

Stay sharp. Stay safe.

P2P freedom comes with responsibility.#CryptoSafety #P2PTrading