If you’ve ever fallen victim to a scam on Binance P2P, you understand the frustration and despair that follows. For five long months, I believed my USDT/ $BTC was lost forever. However, through relentless determination and the unwavering support of Binance, I successfully recovered my funds. Here’s my journey—one that I hope will serve as a cautionary tale and a source of hope for others.
The Chargeback Scam – A Costly Lesson
It all began when I sold USDT to a buyer who appeared completely legitimate. They placed an order, made the payment, and I received the money in my bank account. Everything seemed in order, so I released the crypto.
A few hours later, disaster struck. The buyer contacted their bank, falsely claiming the transaction was made in error. As a result, the bank reversed the payment, leaving me with nothing. The scammer walked away with both my USDT and the refunded money.
I was devastated. Losing funds to fraud is not just about the money—it’s about the feeling of helplessness, the sense of being deceived. But instead of accepting defeat, I decided to fight back.
The Road to Recovery – Persistence is Key
Most people in my situation would have given up, believing the funds were gone for good. I almost did. But something told me I had a chance if I took the right steps:
1. Gathering Evidence: I compiled every possible piece of proof—transaction receipts, chat history, payment confirmations, and documentation of the bank’s chargeback.
2. Opening a Dispute: I immediately reported the scam through Binance’s P2P dispute system, providing a detailed explanation of what had occurred.
3. Engaging Binance Support: I reached out to Binance’s customer support team, submitting all the evidence and following up consistently.
At first, progress was slow. Days turned into weeks, and weeks turned into months. But I refused to back down. I followed up regularly, ensuring that my case remained active.
Victory After 5 Months – Patience Pays Off
After five months of persistence, Binance’s support team completed their investigation. They confirmed that I had been scammed and, to my immense relief, recovered my USDT. The moment I saw the funds back in my account was nothing short of incredible—a hard-fought victory that made every effort worthwhile.
Lessons Learned – Protect Yourself from P2P Scams
This experience taught me invaluable lessons that I believe every P2P trader should keep in mind:
1. Be Wary of Chargeback Risks: Avoid direct bank transfers where payments can be reversed. Consider safer alternatives.
2. Vet Your Buyers Thoroughly: Check their transaction history, reviews, and any potential red flags before proceeding.
3. Never Release Crypto Prematurely: Double-check payment confirmations and wait for funds to be fully settled before transferring assets.
4. Document Everything: Screenshots, chat logs, and transaction records can be the key to recovering lost funds.
5. Trust the Process & Stay Persistent: Binance’s support system works, but patience and persistence are crucial. Follow up consistently and provide clear, organized evidence.
Final Thoughts
This journey was difficult, but it reinforced an important truth—when armed with the right approach and an unwavering determination, recovery is possible. If you ever find yourself in a similar situation, don’t lose hope. Stay vigilant, fight for your funds, and trust that platforms like Binance have mechanisms in place to protect users.
I hope my story helps others navigate the complex world of P2P trading with greater caution and confidence. Stay safe, tr
ade wisely, and never stop advocating for what’s right.