the easiest way to avoid this is to use a dedicated bank account purely for p2p. deposit money only when you want to buy and immediately transfer balance to alternate account.
Robert Chelios
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P2P Scam Alert: My Bank Account Was Frozen! Here’s What Happened and How to Avoid It
⚠️ Picture this: You’re trying to make a simple UPI payment, but it fails. You try again, and it fails once more. Panicked, you call your bank, only to receive shocking news: “Your account has been frozen due to illegal funds.”
😨 What went wrong?
A P2P buyer who sent you money was involved in fraudulent activities. As a result, every account they transacted with—including yours—was flagged and blocked. Suddenly, you lose access to your hard-earned money, and your account remains frozen indefinitely.
How can you avoid this nightmare? Here are some essential tips to protect yourself:
1. Check trade history: Only transact with users who have 50+ trades and a 95%+ completion rate.
2. Verify names: Always ensure the sender’s bank account name matches their Binance profile name.
3. Be cautious with large transactions: Avoid dealing with unknown users or those with suspicious trading patterns.
4. Double-check payments: Take a moment to verify details before accepting any payment—it could save you months of hassle.
💡 P2P trading is powerful, but safety should always come first. Don’t let one bad transaction freeze your account or put your funds at risk. Trade wisely and stay vigilant.
🗨️ Have you experienced issues with P2P trading? Share your story in the comments below!
