To avoid P2P scammers on Binance, follow these 10 safety tips:
1. Only trade within Binance's P2P platform – Never take deals outside the app or agree to off-platform payments.
2. Trade with verified merchants – Look for high completion rates, good reviews, and the “verified” badge.
3. Check user stats carefully – Prioritize users with a high number of completed trades, high feedback scores, and low cancellation rates.
4. Always follow instructions in the ad – Sellers/buyers often have specific instructions; ignoring them can lead to disputes.
5. Don’t release crypto before receiving payment – Always confirm the money is in your bank account (and available, not pending).
6. Beware of fake proof of payment – Scammers sometimes upload edited receipts. Confirm with your bank.
7. Avoid third-party payments – Don’t accept payments from someone whose name doesn’t match the buyer’s on Binance.
8. Use real-time chat wisely – Communicate within Binance chat to keep evidence in case of disputes.
9. Report suspicious behavior – Use the “Report” button on Binance if you suspect a scam attempt.
10. Enable 2FA and security alerts – Keep your Binance account and email secured to prevent hijacking.
If you ever feel unsure, it’s safer to cancel the trade and try with a more trusted user. Better safe than sorry.