#BinanceSafetyInsights 🚨 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. Here’s how to stay safe:
🔥 Most Common P2P Scams
1️⃣ "I Paid, But Got No Crypto" (Buying Scam)
- How it works: You send money, but the seller disappears.
- ✅ 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 immediately—Binance can freeze the seller’s funds.
2️⃣ "Fake Payment" (Selling Scam)
- How it works: Buyer sends a fake bank receipt or screenshot.
- ✅ How to win:
- ALWAYS check your bank account—real money must arrive before releasing crypto.
- Beware of buyers pressuring you to complete the trade fast.
3️⃣ "Let’s Move to WhatsApp/Telegram" (Advanced Fee Scam)
- How it works: Scammers lure you off Binance to avoid platform protection.
- ✅ How to win:
- NEVER chat or deal outside Binance P2P.
- Report anyone who asks to move to WhatsApp/Telegram.
🛡️ 5 Golden Rules for Safe P2P Trading
1️⃣ Use Binance Escrow – Never release crypto until payment is 100% confirmed.
2️⃣ Check Merchant Reputation – Only trade with high-rated sellers/buyers.
3️⃣ Screenshot Everything – Chat logs, payment proof, transaction details.
4️⃣ Avoid "Too Good to Be True" Offers – Scammers use high prices to bait you.
5️⃣ Enable 2FA – Secure your Binance account at all times.
🚔 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! 💪