P2P trading offers freedom and control — but scammers are always lurking, ready to exploit the unsuspecting. Here’s how these fraudsters operate and how YOU can stay one step ahead:
How P2P Scammers Catch Victims:
1. Fake Payment Screenshots
Scammers send edited screenshots pretending they've completed payment. They pressure you to release crypto before real confirmation.
2. Third-Party Payments
They use someone else’s bank or payment account, then claim the transfer was unauthorized — leading to chargebacks or frozen funds.
3. Social Engineering Tricks
Scammers build false trust or act urgently to manipulate you into acting quickly — often skipping standard checks.
4. Overpayments and Refund Requests
They “accidentally” overpay and ask for a refund — only to reverse the original transfer later.
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How to Protect Yourself on Binance P2P:
✔️ Always Confirm Payments
Check your bank or wallet account directly. Never rely solely on screenshots.
✔️ Follow the Chat
Keep all communication on the Binance P2P chat. It’s monitored and helps in dispute resolution.
✔️ Reject Third-Party Payments
Only accept payments from the account name that matches the buyer’s KYC-verified details.
✔️ Watch for Red Flags
Avoid traders with little or no history, especially those pushing urgency or offering unrealistic rates.
✔️ Use the Escrow
Never release crypto until payment is fully confirmed. Binance P2P’s escrow protects both sides — use it properly!
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Your funds, your responsibility. Stay alert. Trade smart.
Binance P2P — Empowering users with freedom AND security.
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