#staysafu
*P2P Scam Alert – Stay Safe on Binance*
Hello Binance users,
If you use the Binance crypto exchange, this warning is crucial for you.
Many of you buy and sell USDT or USDC, receiving payments directly in your bank account. But how secure is this process? Today, I’ll break down the risks so you can stay protected.
### **Buyer Scam Risk**
When you buy USDT or USDC, you send money from your bank account to the seller. But what if the seller doesn’t release the crypto after receiving your payment? In such cases, you can file an appeal. If your claim is valid, Binance may refund your money. Unfortunately, some fraudsters exploit this system by taking payments without delivering the coins.
### **Seller Scam Risk**
When selling USDT, you expect the buyer to send money to your bank account. However, scammers often trick sellers by sending fake payment notifications. They claim to have paid, but no money actually arrives in your account.
**Always verify your bank balance before releasing the crypto.** Do not rely solely on payment screenshots or messages.
### **Final Reminder**
Stay alert and think carefully before completing any P2P trade. By staying cautious, you can avoid falling victim to these scams.
If I’ve made any mistakes, I apologize in advance.
That’s all for now. See you in the next post. Stay safe and trade wisely!
