#BinanceAlphaAlert How to Outsmart P2P Reversal Scams — Simple & Smart Strategy
P2P (peer-to-peer) trading can be convenient — but it comes with real risks. One growing scam? Buyers send funds, then claim it was an "unauthorized transaction," triggering a bank reversal. Result? You lose both crypto and money.
Here’s how to shield yourself:
Use a Dedicated Bank Account Just for P2P
Never use your main bank account for peer-to-peer trades. Instead, open a secondary account just for handling crypto payments.
Here’s what to do:
Once the buyer’s payment hits your P2P account, instantly move the funds to your main account.
After the transfer clears, then release the crypto.
If a scammer pulls a chargeback, the account they hit is already empty — there’s nothing left for the bank to reverse.
Bonus Hack:
If that P2P account ever gets flagged or restricted, you can simply stop using it and open a new one. Your primary banking and finances remain untouched.
Quick Recap:
Always use a “burner” bank account for P2P trades
Move funds immediately after receiving payment
Release crypto only after the transfer clears
Keep your main account safe and off the radar
Stay sharp, trade safe, and don’t give scammers a chance.
#CryptoSecurity #P2PTradingTips #ProtectYourCrypto