🚨🚨🚨How to Avoid Crypto P2P Scam. 🚨🚨🚨
P2P traders themselves serve as the first line of defense against scams and fraud. When engaging in P2P transactions, it is crucial to be aware of the most common scam tactics in order to protect yourself from falling victim to fraudulent schemes.
1. Fake Receipt Scams / ESCROW Transaction Scams
This type of scam happens when scammers send you fake receipt(s) — e.g., forged receipts or screenshots — as proof of their payment, or a phony counterparty insists on an ESCROW transaction, promising that the payment will only be reflected in your wallet after you release your crypto holdings.
How to Prevent Fake Receipt / ESCROW Transaction Scams:
Always double-check your wallet/bank account to confirm that you’ve received the agreed-upon amount before transferring any crypto assets.
2. Binance Impersonators
Beware of scammers who contact you via private message or email, posing as Binance representatives. They may instruct you to immediately release your crypto holdings to prevent them from being frozen. These impersonators obtain your contact details from the information you’ve provided in your ads/P2P order chat. They could ask you to share your email address in the P2P chat window, claiming that it’s necessary for Binance P2P Escrow service to confirm payment.
How to Prevent Impersonator Scams:
Do not accept third-party payments. Always verify the payer/payee’s name and ensure it matches the counterparty's verified name on Binance.
Binance will never send emails asking you to complete a P2P transaction. Always release funds after receiving the payment.
Pay attention to the username, email address, or phone number of the person contacting you. Always verify the authenticity of email addresses, telephone numbers, and URLs using the Binance Authenticity Check.
Always check the profile avatar and the style of the messaging bubble in the P2P Order Chat Box to ensure you are chatting with the real P2P user.