Binance P2P (Peer-to-Peer) trading has become one of the most popular ways for users to buy and sell crypto directly with each other. While it offers convenience and flexibility, it also attracts scammers who take advantage of unsuspecting traders.
Common Binance P2P Scams
1. Fake Payment Proofs – Fraudsters send fake screenshots of transfers, tricking sellers into releasing crypto before payment is actually received.
2. Chargeback Fraud – Scammers use stolen bank accounts or cards to make payments, which later get reversed, leaving the victim without funds or crypto.
3. Third-Party Payments – Instead of paying from their own verified account, scammers use third-party accounts, raising the risk of frozen bank accounts or disputes.
4. Overpayment Trick – Scammers overpay and ask for the extra amount to be refunded, then later reverse the full payment.
How to Stay Safe
Always confirm payment: Only release crypto after the money is 100% received in your account.
Trade with verified users: Check the buyer/seller’s completed trades, ratings, and account history.
Avoid third-party transactions: Payments should always come directly from the buyer’s verified account.
Be cautious with refunds: Never return funds to another account without Binance dispute resolution.
Use Binance’s dispute system: If something feels wrong, open a dispute immediately.
Final Thoughts
Binance P2P is a safe and efficient trading platform when used responsibly, but scammers are always looking for loopholes. Stay alert, double-check payments, and never rush under pressure. Protecting yourself means protecting your crypto.
