Recently, I faced a very serious issue while trading on Binance P2P, and I want to share it as a warning for other users in Pakistan.
I sold 700 USDT (₨205,000) to a merchant through Binance P2P. The transaction was completed smoothly, and I received the payment in my bank account. However, things took a shocking turn after 10 days.
👉 My bank account was suddenly blocked, and the payment was placed on hold.
👉 When I tried contacting the buyer, he ignored my calls. On WhatsApp, he only replied once, claiming it was a “chain dispute.”
👉 I went to my bank (OPM), where they confirmed that a dispute of ₨205,000 had been filed against me—but they refused to share full details.
⚠️ To make matters worse, I discovered that the payment was made through a third party, which immediately raises red flags in P2P trading.
Thankfully, I had collected strong evidence, including:
✅ CNIC copy of the sender
✅ Payment screenshot
✅ Contact number & WhatsApp chat history
✅ Written application already submitted to the bank
I also reported the matter to Binance Support and am waiting for further updates.
❓ The Big Question
At this stage, I am considering legal action. But what is the most effective and speedy way to resolve such disputes in Pakistan? Should I immediately register a case, or wait for Binance’s final response?
📌 Lessons for Every Trader
Never accept third-party payments. Always insist that the buyer’s bank account name matches the Binance KYC name.
Keep all evidence safe (screenshots, chats, CNIC, payment slips).
Stay alert for delays—fraud often surfaces several days later.
Report immediately to Binance and your bank if you suspect foul play.
🙏 I’m sharing my experience so others can avoid falling into the same trap. If anyone has faced a similar issue or knows the legal steps to resolve this matter quickly, your guidance would mean a lot.
