how to avoid the risks in Binance P2P USDT transfers and local payment transfers — meaning how to securely send or receive funds without getting into fraud or disputes.
I’ll walk you through step-by-step how to do it safely from both buyer and seller sides.

  1. 1. Understand How P2P Works

  • Binance P2P connects buyers and sellers directly.

  • USDT (Tether) is a stablecoin pegged to the US dollar — it’s often used in P2P for crypto trades.

  • Binance acts as an escrow — it holds the seller’s USDT until the buyer confirms payment.

2. If You Are Buying USDT

Steps to stay safe:

  1. Choose the right seller

    • Filter for sellers with:

      • ✅ 100+ trades

      • ✅ 98%+ completion rate

      • ✅ Good reviews

      • ✅ Verified badge (KYC completed)

  2. Check their payment method

    • Use only the payment method you are comfortable with (Bank Transfer, Easypaisa, JazzCash).

  3. Place order inside Binance

    • Never contact them outside Binance before confirming the order.

  4. Transfer payment only to the account shown in Binance

    • The name on bank/Easypaisa/JazzCash must match the seller’s name on Binance.

  5. Upload proof

    • After sending payment, upload screenshot/receipt in the Binance chat.

  6. Confirm ‘I have paid’ inside Binance

    • Binance will then prompt the seller to release USDT from escrow.

  7. Wait for USDT release

    • The seller releases USDT → It appears in your Funding Wallet.

  8. Never mark “Paid” without actually paying

    • This can cause account suspension.

3. If You Are Selling USDT

Steps to avoid fraud:

  1. Accept payment only from accounts in the buyer’s name (to avoid chargebacks/fraud).

  2. Wait until payment is 100% confirmed

    • For bank transfers: Check balance in your bank app — not just SMS (SMS can be faked).

    • For JazzCash/Easypaisa: Verify inside the official app.

  3. Only release USDT after you see payment settled — not “pending”.

  4. Avoid 3rd-party payments

    • If someone says “My friend will pay you,” cancel the trade.

  5. Report suspicious behavior to Binance support before releasing funds.

4. Local Payment Transfers (Outside Binance)

If you are doing crypto trades outside Binance P2P:

  • Risk increases because no escrow protection.

  • Always meet in a public place or use a trusted broker.

  • Never send crypto before receiving cleared payment in your bank or mobile wallet.

  • Avoid sending money to “agent accounts” or random names.

5. Key Safety Tips

  • Always use Binance chat for communication — it’s recorded for disputes.

  • Never agree to complete a deal outside Binance (WhatsApp/Telegram) for first-time trades.

  • Keep all screenshots of payments.

  • If something feels wrong — cancel the order before payment