How to Avoid P2P Scams on Binance (Simple Guide)
Trading P2P on Binance is a great way to buy and sell crypto, but scammers are always looking for victims. Follow these simple Binance guidelines to stay safe.
🚨 Common P2P Scams to Avoid
1. Fake Payment Scam
Scammer says they paid but didn’t (fake screenshot/bank alert).
✅ Always confirm money in your account before releasing crypto.
2. Chargeback Fraud
Buyer pays via reversible methods (PayPal, credit card).
✅ Only accept bank transfers or cash payments (non-refundable).
3. Fake Buyer/Support Scam
"Binance Support" DMs you (real support never contacts first).
✅ Only chat inside Binance P2P orders
✅ Binance’s P2P Safety Rules (Must Follow)
1. Only Trade with Verified Merchants
✔ Check merchant’s completion rate (95%+ is good).
✔ Look for "Preferred" or "Top Merchant" badges.
2. Never Go Outside Binance Chat
❌ No WhatsApp/Telegram deals (Binance won’t help if scammed).
✅ Keep all chats inside Binance P2P.
3. Always Check Payment First
✔ Wait for real money in your bank account (not just SMS/email).
✔ For cash deals, meet in safe public places.
4. Use Binance Escrow
✔ Never release crypto before payment confirmation.
✔ If a buyer pressures you, cancel and report.
⚠️ Red Flags (Cancel the Trade Immediately!)
🔴 Buyer asks for extra discounts outside Binance.
🔴 Payment comes from a different name than the buyer.
🔴 Buyer sends fake payment proof.
📌 What to Do If Scammed?
DO NOT release crypto if payment is suspicious.
Open a dispute in the Binance P2P chat.
Report to Binance Support with evidence
🔐 Final Tips for Safe P2P Trading
✔ Only trade with trusted merchants.
✔ Never rush—scammers create fake urgency.
✔ Follow Binance’s official P2P rules.
Stay safe and trade smart! 🚀
