#ETH4500Next? How to Avoid the Most Common Scams in Peer-to-Peer (P2P) Cryptocurrency Trading on Binance
Trading cryptocurrencies on the Binance platform using P2P is a unique and fast method, but it may be subject to some scam attempts. Here are the most common types of scams to watch out for, along with effective tips to protect yourself:
1. Fake Payment Proof Scam
Scammers share forged screenshots to prove they have completed the payment, aiming to pressure you into releasing the cryptocurrency.
How to protect yourself?
Do not rely solely on screenshots; verify yourself through your bank account or digital wallet to ensure you have received the funds before confirming the transaction.
2. Text Message Scam
Scammers send text messages resembling bank notifications or digital wallet alerts, informing you that the funds have arrived, but they are actually fake.
How to avoid?
Always verify by logging into your bank account or digital wallet and do not rely solely on messages.
3. Chargeback Scam
The scammer makes a payment using a third-party account or payment methods that allow a chargeback after a period, causing you to lose both your money and the cryptocurrency.
Your advice:
Do not accept payments from accounts that do not match the username on Binance, and if that happens, file a dispute immediately.