🚨 Why Bank Accounts Get Blocked in P2P Trading 🚨
⚠️ How It Happens
• If a bank detects illegal transactions linked to an account, it blocks it immediately.
• Any account receiving funds from the flagged account can also get blocked — causing a chain reaction that affects innocent users.
🔍 Role of P2P Platforms
• On platforms like Binance P2P, scammers often buy verified accounts, trade, then dispute payments — leading to blocked bank accounts.
✅ How to Reduce Risk
• Separate Bank Accounts: Use a different account for P2P trading, not your main one.
• Lower Transaction Frequency: Keep trades minimal to avoid flags.
• No Crypto Keywords: Avoid mentioning “crypto” in payment notes.
🆘 If Your Account Gets Blocked
1. Contact Your Bank: Ask to unblock your account or freeze only the disputed amount.
2. Justify Payments: Provide proof and explain your transactions honestly.
3. Contact Binance Support: Share documents/screenshots to resolve the issue.
🇵🇰 Regulatory Situation in Pakistan
• SBP & Govt: Ban on crypto citing money laundering/terror financing risks.
• Experts: Say bans are ineffective due to digital currency’s nature.
📌 Tips for P2P Traders
• Use EMI Wallets: EasyPaisa, NayaPay, SadaPay for trades.
• Keep Records: Save all transaction and buyer communication history.
• Avoid Suspicious Patterns: Multiple payments from strangers can trigger alerts.
