Scammed on Binance P2P? Here's How They Trick You! šµļøāāļø
1. Common Scams š¤„
Fake Payment Confirmations:
Scammers mark payments as completed without actually sending money.
How to avoid: Always check your bank account balance before releasing crypto.
Reversal Scam:
A buyer pays, then reverses the transaction through their bank.
How to avoid: Use trusted payment methods and reputable buyers.
Identity Theft:
Fraudsters impersonate legitimate users by using fake profiles.
How to avoid: Verify identities and trade only with users having a high completion rate and positive reviews.
3. Red Flags to Watch Out For: š©
Suspiciously high prices or unusually low rates.
Buyers or sellers rushing you to complete a transaction.
Users asking to trade outside Binance P2P.
4. Tips for Safe Trading: ā
Use Binanceās escrow service for added security.
Always trade with verified and highly rated users.
Enable two-factor authentication (2FA) for your account.
5. Conclusion:
Stay alert and trade smart to keep your assets secure. Your safety is in your hands!
