#BinanceSafetyInsights
๐จ URGENT: Protect Yourself from Binance P2P Scams!
Dear Binance Community,
P2P trading is a great way to buy and sell crypto, but scammers are always looking for new victims. Hereโs how to stay safe:
๐ฅ Most Common P2P Scams
1๏ธโฃ "I Paid, But Got No Crypto" (Buying Scam)
- How it works: You send money, but the seller disappears.
- โ How to win:
- Only trade with verified merchants (check their completion rate + reviews).
- NEVER close the trade until you receive crypto in your wallet.
- If scammed, file an appeal immediatelyโBinance can freeze the sellerโs funds.
2๏ธโฃ "Fake Payment" (Selling Scam)
- How it works: Buyer sends a fake bank receipt or screenshot.
- โ How to win:
- ALWAYS check your bank accountโreal money must arrive before releasing crypto.
- Beware of buyers pressuring you to complete the trade fast.
3๏ธโฃ "Letโs Move to WhatsApp/Telegram" (Advanced Fee Scam)
- How it works: Scammers lure you off Binance to avoid platform protection.
- โ How to win:
- NEVER chat or deal outside Binance P2P.
- Report anyone who asks to move to WhatsApp/Telegram.
๐ก๏ธ 5 Golden Rules for Safe P2P Trading
1๏ธโฃ Use Binance Escrow โ Never release crypto until payment is 100% confirmed.
2๏ธโฃ Check Merchant Reputation โ Only trade with high-rated sellers/buyers.
3๏ธโฃ Screenshot Everything โ Chat logs, payment proof, transaction details.
4๏ธโฃ Avoid "Too Good to Be True" Offers โ Scammers use high prices to bait you.
5๏ธโฃ Enable 2FA โ Secure your Binance account at all times.
๐ What to Do If Scammed?
- Report immediately via Binance Support.
- Provide screenshots and transaction details.
- Warn others in the community.
Stay sharp, trade smart, and protect your hard-earned money! ๐ช