Binance P2P trading is a game-changer — fast, direct, and flexible. But where there's money, there are scammers lurking. While most traders on Binance P2P are legit, a small group of bad actors are using shady tricks to steal your crypto. If you're trading peer-to-peer, this is your wake-up call.

1. The Fake Payment Trap

A buyer says, “I’ve sent the money.” You check your app — nothing. But they pressure you to release the crypto.

Tip: Never release coins until funds hit your bank account — confirmed and cleared.

2. The Chargeback Con

You receive the payment and release the crypto. Days later, the bank reverses the transfer.

Result? You lose both money and coins.

Solution: Use accounts that can’t be easily reversed or disputed.

3. The Impersonator Scam

Some fraudsters pretend to be Binance support, DMing you with fake “dispute” stories.

Remember: Binance NEVER contacts users outside the platform.

4. Overpayment = Overkill

They “accidentally” pay more than the order amount, then beg for a refund. Sounds harmless? Think again.

They’ll reverse the original payment AND walk away with your refund. Double loss.

Don’t refund anything unless you’re 1000% sure the initial payment is rock-solid.

How to Stay Safe on Binance P2P

  • Trade only with high-rep, verified users

  • Always confirm funds before releasing crypto

  • Keep all chats inside Binance for official dispute support

  • Turn on 2FA and withdrawal whitelist

  • Trust your gut — if something feels off, cancel the trade


Final Thoughts

Scams can happen anywhere — but with a little caution, Binance P2P is still one of the safest ways to trade crypto peer-to-peer. Stay alert, stay smart, and you’ll be just fine.


Have you faced a P2P scam before? Drop your experience below to warn others. Let’s protect the community.

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