P2P scammers are using sophisticated tactics to trick unsuspecting traders.

Here are some common scams and tips to avoid them:-

Common P2P Scams #P2PScam

  1. Fake Payment Confirmation Scam :- Scammers send fake proof of payment, and sellers release crypto without receiving actual funds. #Binance

  2. Chargeback Fraud :- Scammers exploit payment methods that allow reversals, such as PayPal or bank transfers. #Write2Earn

  3. Third-Party Payment Scam :- Scammers use someone else's payment details, and the third party later disputes the payment.

  4. Identity Theft Scam :- Scammers pose as legitimate buyers using stolen IDs and accounts.

  5. Triangle Scams :- Two scammers simultaneously place orders with the same seller, exploiting trust and urgency.@Binance Customer Support

  6. Quick-Switch Scam :- Buyers agree on one price, then falsely claim they paid a different amount.@CZ

  7. Phishing and Fake Binance Support Scam :- Scammers impersonate Binance support staff to steal sensitive information . $BNB

$ETH

$BTC

Tips to Avoid P2P Scams:

  1. Verify Buyer/Seller Profiles - Check ratings and trade history, and trade only with well-reviewed users. @Venkyy

  2. Confirm Payment - Never release crypto before confirming payment in your bank or wallet.

  3. Use Official Channels - Keep all communications within the Binance platform.

  4. Be Cautious of External Offers - Remain skeptical of offers or information received through unofficial channels.

  5. Report Suspicious Activity - Flag suspicious accounts and report scams to Binance support .

What to Do If You Get Scammed:-

  1. Act Fast : Don't release crypto if something seems off.

  2. Contact Binance Support : Report the scam and seek assistance.

  3. Gather Evidence : Keep records of transactions and communication .