Experiences of scams and prevention strategies in Binance P2P trading
A few months ago, I experienced a thrilling scam incident. Fortunately, with the strong assistance of Binance customer service, I successfully recovered the USDT that was scammed. Today, I want to share this experience and the safe trading knowledge I gained from it.
Review of the scam incident
Last autumn, I reached a transaction agreement on the Binance P2P platform with a buyer. The other party purchased 100,000 USDT and quickly completed the bank transfer. After seeing the screenshot of the transfer, I released the cryptocurrency according to the process. However, just a few hours later, the buyer suddenly contacted me, claiming there was an error in the transfer operation and requested the return of the USDT. I immediately sensed something was wrong and quickly logged into my bank account to check, discovering that the transfer had been requested for cancellation.
The path to safeguarding rights: From despair to hope
Faced with such an unexpected situation, many people might choose to give up, but I decided to persist and seek justice for myself. I quickly took the following actions:
Evidence collection: I immediately took screenshots of the transaction records, chat logs, and bank cancellation notices to ensure that all key information was preserved.
Dispute appeal: I submitted a dispute appeal through the Binance P2P platform, detailing the events and attaching all relevant evidence.
Continuous follow-up: During the waiting period for the processing results, I inquire about the progress through customer service channels every week and provide new evidence at any time.
This waiting process was filled with torment and anxiety. However, after persistent efforts, I finally received an official notice from Binance in the fifth month - my USDT has been fully refunded!
Sharing safe trading experiences
This experience made me deeply aware of the importance of safe trading. Here are some safe trading experiences I have summarized:
Payment method selection: When conducting transactions, priority should be given to payment methods with real-time bank transfers, avoiding the use of reversible payment methods to reduce the risk of being scammed.
Funds confirmation mechanism: Before releasing cryptocurrency, be sure to wait for the funds to be fully credited and the bank clearance to be completed to ensure the safety of the transaction.
Utilization of platform features: Make full use of Binance P2P platform's escrow services. The funds will be temporarily held by the platform until the buyer confirms receipt, providing additional security for both parties in the transaction.
Risk prevention awareness: Maintain a high level of vigilance for orders with unusually high premiums. For large transactions, it is recommended to conduct them in batches to reduce potential losses.
Although this experience was thrilling, it also made me more deeply aware of the risks and opportunities of digital asset trading. As long as we remain calm, act promptly, and fully utilize platform resources, it is possible to recover losses when encountering scams. Here, I want to thank the Binance customer service team for their professionalism and responsibility; their efforts have filled me with confidence in the safety of digital asset trading platforms.