Binance P2P (peer-to-peer) scams include fraudulent activities where malicious individuals exploit this platform to deceive users during cryptocurrency transactions. Some common types of P2P scams include:
* Payment Fraud: Scammers claim to have made a payment, but the amount has not actually been received. They may send fake payment receipts or screenshots to trick sellers into releasing cryptocurrency.
* Impersonation Scams: Scammers impersonate Binance support staff or buyers and ask users to release funds or provide sensitive information.
* Chargeback Scams: Scammers pay using reversible methods and 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 designed to steal money.
To stay safe on Binance P2P:
* Confirm payment in your bank account before releasing cryptocurrency.
* Match the buyer's KYC (Know Your Customer) name with the payment account.
* Use Binance's escrow service and avoid transactions outside the platform.
* Beware of unrealistic prices, new accounts with no trading history, or buyers rushing to complete transactions quickly.
* Report suspicious activities to Binance support.
If you have fallen victim to a scam, take action immediately:
* Stop the transaction and report to Binance support.
* Gather evidence (screenshots, bank statements, chat logs).
* Report cybercrime and notify your bank if necessary.
