“How I Lost $500 in a Binance P2P Scam – And What You Need to Know”
It started like a normal trade. I listed $500 USDT on Binance P2P, found a buyer with a decent rating, and accepted the order. Within minutes, he marked as “Paid” and sent me a payment screenshot via WhatsApp — everything looked legit.
But something felt off.
The bank transfer looked weird — the name didn’t match, and the reference said “refund.” Before I could figure it out, my bank account was frozen due to a suspicious transaction flagged as potential fraud.
Turns out, the scammer used stolen or fake bank funds to “pay” me, tricking the system. By the time I realized it, Binance released my USDT because I didn’t appeal in time. I was down $500 — and locked out of my own money.
⸻
Lesson:
• Never trust external screenshots.
• Always check that the name and payment method match exactly.
• Use Binance’s in-chat only, and never release crypto unless your bank confirms safe credit.
Stay sharp. Don’t learn the hard way like I did.
⸻
