Binance P2P Trading Fraud — My Guide to
Staying Safe
Scammers on Binance P2P are getting more
sophisticated by the day — and if you’re not
careful, you could lose your crypto in
minutes. I’ve seen and studied the tactics
they use, and I’m breaking them down here
so you can spot them early and protect
yourself.
1️⃣ Common Fraud Types
A) Fake Payment Proof
How it happens:
You list USDT for sale on Binance P2P. The
buyer sends you what looks like a legitimate
payment screenshot — but in reality, they
never transferred the money. If you release
your USDT without actually checking your
bank account, it’s gone forever.
Example:
The buyer “shows” a bank transfer of PKR
50,000, but when you check your account,
there’s nothing there.
My advice:
Always log in to your bank and confirm the
funds are really there before releasing crypto.
Only communicate inside the Binance P2P
chat — it’s recorded and can be used in
disputes.
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B) Chargeback Scam
How it happens:
The buyer pays you using a reversible
payment method like PayPal or a credit card.
You release the USDT, and later they file a
chargeback or payment reversal through
their bank. Your crypto is gone, and the
payment is pulled back.
My advice:
Avoid reversible payment methods
whenever possible.
Stick to payment options that can’t be
clawed back once sent.