Binance P2P has become one of the most used platforms in Pakistan for buying and selling USDT, but it has also attracted scammers who take advantage of new and careless traders. Many people have lost money simply because they didn’t know how these frauds work. To trade safely, you must recognize the common tricks and follow protective steps.
Scam #1 – While Buying USDT
A frequent scam occurs when a buyer sends money to the seller but never receives USDT in return. The scammer may delay with fake excuses or completely ignore your messages.
How to Stay Safe: Always file an appeal on Binance if this happens. Keep solid proof of payment such as receipts or bank confirmation so Binance can investigate and force the scammer to release your USDT.
Scam #2 – While Selling USDT
When you’re selling, some scammers send money to your bank account and pressure you to release USDT quickly. Later, they report the payment as a mistake to their bank, which could result in the transaction being reversed or your account frozen.
How to Stay Safe: Trade only with verified merchants, even if their rates are slightly lower. Never release your USDT until the payment is fully confirmed in your bank account. Keep all records—screenshots, receipts, and chat history—so you have evidence if the bank questions the transaction.
Golden Rule of Safe P2P Trading
The Binance platform itself is secure, but scammers exploit careless traders. To stay safe, always choose verified merchants, double-check payments before releasing USDT, and keep proof of every deal. Losing a little profit is nothing compared to losing your entire balance.
Final Note
Scammers are always trying new tricks, but with awareness and caution, you can avoid becoming their target. A single careless mistake can cost you everything, while a few smart precautions will keep your money safe every time.
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