Rising P2P Frauds in Pakistan How to Stay Safe

In recent months, P2P crypto trading in Pakistan has seen a sharp rise in fraudulent activities. Many traders are falling victim to scams due to a lack of awareness, trust in unknown buyers/sellers, and the increasing sophistication of fraudsters.

Why P2P Frauds Happen in Pakistan

Fake Payment Proofs, scammers share edited screenshots as payment proof to trick sellers into releasing crypto.

The third party payments fraudsters use someone else’s bank account, creating disputes and reversals later.

Phishing links & fake apps that traders get lured into offplatform deals through fake websites or social media.

Rushing the process which fraudsters pressure victims to release funds quickly before verifying payments.

Low awareness of many new traders don’t double check transaction details, making them easy targets.

How to Protect Yourself

Always trade within the official Binance P2P platform.

Only deal with verified traders who have a strong trading history and positive feedback.

The more trades a user has successfully completed, the more reliable they are likely to be.

Verify payments directly in your bank account before releasing crypto.

Never accept third party transfers, only deal with accounts that match the buyer’s verified name.

Avoid clicking on links or making deals outside Binance chat.

Report suspicious activity immediately through Binance support.

Final Note:

The rise of P2P fraud is a reminder that while crypto trading offers opportunities, safety must always come first. Staying alert, checking verification and trade history, and never compromising on payment verification can save you from costly mistakes.

Have you or someone you know ever been a victim of P2P fraud in Pakistan? Share your experience in the comments.

This is not financial advice. DYOR.