Guys be aware of p2p Scams

P2P scams on Binance (or any other peer-to-peer crypto platform) typically involve fraudsters exploiting the direct nature of transactions between users. Here are some common ways these scams work:

1. Fake Payment Proof (Receipt Scam)

The scammer claims to have sent the payment but provides a fake receipt.

They pressure the seller to release the crypto without verifying the actual transaction.

2. Chargeback Fraud (Reversed Payment)

The scammer pays using a reversible method (e.g., PayPal, bank transfer).

After receiving the crypto, they initiate a chargeback, reversing the payment.

3. Third-Party Payment Scam

The scammer buys crypto but pays using a stolen bank account.

The real account owner disputes the transaction, leading to frozen funds or legal issues.

4. Overpayment Scam

The buyer "accidentally" overpays and asks for a refund to a different account.

The original payment gets reversed, and the scammer keeps the refund.

5. Fake Dispute Scam

The scammer falsely claims that they didn’t receive the crypto.

If the seller doesn't provide strong proof, Binance may side with the scammer.

How to Protect Yourself

Use Binance’s escrow system (never release crypto before confirming real payment).

Verify transactions independently (check your bank or wallet directly).

Avoid third-party payments (only accept payments from accounts that match the buyer's name).

Be cautious with reversible payment methods (prefer instant and final payments).

Record evidence (screenshots, videos of transactions).