Trading through P2P allows you to buy and sell cryptocurrencies easily, but sometimes you may be exposed to fraud if you are not careful. Here are the most important steps to follow:
1️⃣ Never cancel the order 🚫
If you have transferred money to the seller, do not cancel the transaction even if the other party pressures you. Canceling the transaction means you will lose your right to file a complaint.
2️⃣ Use the appeal option (Appeal) 🛡️
After payment, if you do not receive your coins, press the 'Appeal' button.
The support team on the platform will intervene and review the payment evidence.
Don't worry: the money is in escrow and will not be released to the other party until confirmed.
3️⃣ Prepare payment evidence 📑
A picture of the bank transfer receipt or remittance.
A statement showing the transfer process.
Any conversation or evidence that supports your position.
4️⃣ Do not deal outside the platform ❌
Many cases of fraud occur when the other party suggests transferring outside Binance under the pretext that the commission is lower or the transfer is faster.
> Remember: if you deal outside the system, the platform cannot protect you.
5️⃣ Report suspicious accounts 🚔
Report the fraudulent account within Binance.
Don't forget to share your experience with the community to warn others.
6️⃣ How do you protect yourself from the start? ✅
Always choose trusted traders (golden badges ✅ + a large number of transactions + high completion rate).
Read comments about the seller before dealing.
Do not rush to click 'Paid' before you actually make the transfer.
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🔥 Summary:
If you fall victim to fraud in P2P, do not worry, the platform provides you with protection through escrow and appeals, just stay calm and provide evidence. The best prevention is to choose trusted traders and never deal outside the platform.
