P2P scams on the Binance platform involve fraudulent activities where scammers exploit the platform to deceive users during cryptocurrency transactions. Some common types of P2P scams include:
* Payment Fraud: Scammers claim they have made a payment, but the amount has not actually been received. They may send fake payment receipts or screenshots to deceive sellers and prompt them to release cryptocurrency.
* Impersonation Scams: Scammers impersonate Binance support staff or buyers, asking users to release funds or provide sensitive information.
* Chargeback Scams: Scammers pay using reversible methods, then file a dispute or chargeback request after receiving the cryptocurrency.
* Fake Escrow Scams: Scammers create websites or services that look professional and legitimate but are designed to steal money.
To stay safe on the Binance P2P platform:
* Verify that you have received payment in your bank account before releasing the cryptocurrency.
* Match the buyer's name in 'Know Your Customer' (KYC) with the payment account.
* Use Binance's escrow service and avoid transactions outside the platform.
* Be wary of unrealistic prices, new accounts with no trading history, or buyers rushing to complete transactions.
* Report suspicious activities to Binance support.
If you have been scammed, take immediate action:
* Temporarily halt the transaction and report to Binance support.
* Gather evidence (screenshots, bank statements, chat logs).
* File a complaint regarding cyber crimes and report to your bank if necessary.