P2P (Peer-to-Peer) schemes on Binance refer to fraudulent activities where unscrupulous individuals misuse P2P platforms to deceive users during cryptocurrency transactions. Some common types of P2P schemes include:
* Payment Fraud: Scammers claim that they have made a payment, but in reality, the money has not been received. They may send fake payment receipts or screenshots to deceive sellers into releasing cryptocurrency.
* Impersonation Scams: Scammers pose as Binance support staff or buyers and demand users release funds or provide sensitive information.
* Chargeback Scams: Scammers pay through reversible methods, then file a dispute or chargeback request after receiving cryptocurrency.
* Fake Escrow Scams: Scammers create professional-looking websites or services that appear legitimate but are actually designed to steal funds.
To stay safe on Binance P2P:
* Verify payment in your bank account before issuing cryptocurrency.
* Compare the buyer's KYC name with the payment account.
* Use Binance's escrow service and avoid transactions outside the platform.
* Be cautious of unrealistic prices, new accounts with no trade history, or buyers attempting to complete transactions quickly.
* Report suspicious activities to Binance Support.
If you have fallen victim to a scam, take immediate action:
* Stop the transaction and report it to Binance Support.
* Gather evidence (screenshots, bank statements, chat logs).
* File a complaint for cybercrime and notify your bank if necessary.