đš *P2P Crypto Scams on the Rise in Pakistan đ”đ°*
If you're using Binance P2P locally, be extra cautious. While it offers easy crypto trades via bank transfers, scammers are turning that same ease into a trap. Traders are reporting fake payments, blocked bank accounts, and losses in the thousands every week.
P2P means you deal directly with another person. Binance adds escrow, but that doesnât help if you step outside the platform â like shifting deals to WhatsApp or Telegram. Thatâs where most scams happen.
One popular trick? Fake payment proofs. The scammer sends a screenshot saying theyâve paid and pressures you to release your crypto. You donât check your bank â you just check your messages â and boom, your funds are gone.
Another trap? Third-party payments. The scammer uses someone elseâs bank. Later, the real owner flags the transaction, and your bank freezes your account. Youâre stuck in a fraud case with no way out.
Overpayment scams are worse. They send more than agreed, ask for a refund, then reverse the original payment. You lose both amounts. And if someone says to go off-platform for âbetter ratesâ â run. Youâll have zero protection once you leave Binance.
Real users in Pakistan have lost serious money â some from verified-looking accounts using stolen IDs. Others had bank accounts frozen for weeks.
*Hereâs how to stay safe:* Always confirm payment inside your bank account. Never accept third-party transfers. Keep chats inside Binance. Use verified merchants only. Keep all receipts. And if overpaid, donât refund â contact Binance.
Stay sharp. Trade smart. Binance P2P is only safe when you use it right.
â ïž Disclaimer: This post is for educational purposes only. Always do your own research.