P2P (Peer-to-Peer) scams on Binance involve fraudulent activities where criminals exploit the P2P platform to deceive users during cryptocurrency transactions. Some common types of P2P scams include:
* Payment Fraud: Scammers claim to have completed the payment, but the seller has actually not received the funds. They may send fake payment receipts or screenshots to trick sellers into releasing cryptocurrency.
* Impersonation Scams: Scammers impersonate Binance customer service representatives or buyers, asking users to release funds or provide sensitive information.
* Chargeback Scams: Scammers make payments using reversible payment methods and, after receiving cryptocurrency, submit disputes or chargeback requests.
* Fake Escrow Scams: Scammers create websites or services that look professional and legitimate, but are actually designed to steal funds.
Take security measures on Binance P2P:
* Verify that the payment has been received in your bank account before releasing cryptocurrency.
* Match the buyer's KYC (Know Your Customer) name with the payment account information.
* Use Binance's escrow service and avoid trading outside the platform.
* Be wary of unrealistic prices, new accounts with no trading history, or buyers pressuring you to complete a transaction.
* Report suspicious activities to Binance customer service.
If you are scammed, take action immediately:
* Pause trading and report to Binance customer service.
* Collect evidence (screenshots, bank statements, chat logs).
* File a complaint for cybercrime and notify your bank if necessary.
