To protect yourself from scams

### **Common Scams to Watch For**

1. **Chargeback/Fraudulent Payments**: Buyers reverse payments after receiving crypto (common with reversible methods like PayPal/Credit Cards).

2. **Fake Payment Proof**: Scammers send doctored screenshots/receipts claiming they paid.

3. **Bait-and-Switch**: Sudden changes to payment details (e.g., "Use my cousin’s account instead").

4. **Phishing**: Fake Binance emails or "support" asking for your credentials/OTP.

5. **Off-Platform Transactions**: Requests to move chats or payments outside Binance.

### **Preventive Measures**

1. **Verify Trader Reputation**:

- Check completion rate (95%+ is ideal).

- Look for high trade volume and positive reviews.

- Confirm they have a verified badge (e.g., “Merchant” tag).

2. **Use Binance Escrow**:

- Never release crypto until payment is **irreversibly** confirmed in your account.

- Avoid "closed network" payment methods (e.g., PayPal Friends & Family) that lack buyer protection.

3. **Secure Payment Methods**:

- Prefer bank transfers or local non-reversible options.

- Ensure the payer’s name matches their Binance profile name.

4. **Stay On-Platform**:

- Communicate only via Binance chat.

- Refuse requests to use WhatsApp/Telegram or external payment links.

5. **Double-Check Payments**:

- Log in to your bank/e-wallet to confirm funds are received.

- Ignore payment screenshots—scammers often fake them.

6. **Set Trade Limits**:

- Start with small trades for new partners.

- Use Binance’s "15-Minute Payment Window" to cancel suspicious trades.

### **If You’re Scammed**

1. **Do NOT Release Crypto**: If payment isn’t confirmed, pause and contact support.

2. **Report Immediately**:

- File a dispute via Binance chat with evidence (screenshots, bank statements).

- Alert Binance Support via the app or [[email protected]](mailto:[email protected]).

3. **Secure Your Account**:

- Change passwords/2FA if you shared sensitive data.

- Monitor accounts for unauthorized activity.

### **Safety Tips**

- **Enable 2FA**: Protect your Binance account with Google Authenticator.

- **Avoid Phishing**: Never share passwords, SMS codes, or OTPs.

- **Trust Your Instincts**: Cancel trades that feel suspicious, even if it delays profit.

- **Educate Yourself**: Regularly review Binance’s [P2P Safety Guide](https://www.binance.com/en/support/faq/p2p-trading-safety-tips-360038779351).

### **Binance P2P Safety Features**

- **Escrow System**: Crypto is held securely until payment is confirmed.

- **Appeal Process**: Binance mediates disputes with evidence.

- **User Verification**: Traders undergo KYC checks.

By staying vigilant and following these steps, you can minimize risks and trade safely on Binance P2P. 🛡️

*Always prioritize security over speed—scammers often rush you to act without thinking.*