About Binance P2P Scam Works And Tips How To Avoid ⚠️ :
How a Binance P2P Scam Works:
1. The Scammer Poses as a Legit Buyer
• The scammer initiates a trade to buy crypto from a legitimate user on Binance P2P.
• They often have a newly created account or low trade history.
2. The Scammer Uses a Third-Party to Pay You
• Instead of paying with their own bank account, the scammer tricks an innocent third party (e.g., through fake online purchases or job scams) into sending money to your account.
• You receive the money and think it’s from the buyer — but it’s actually from a fraud victim.
3. You Release the Crypto
• Thinking the payment is legitimate, you release your crypto to the scammer.
• Now, you’ve lost your crypto and the third-party victim may report the transaction as fraud.
4. Your Bank Flags the Transaction
• Eventually, the bank discovers the fraud, reverses the payment, or freezes your account.
• Binance cannot reverse the released crypto — it’s already in the scammer’s wallet.
How To Avoid + Tips ✅
1. Only Trade Within Binance’s Platform
Always use the official Binance P2P platform for transactions. Avoid communicating or making deals outside the platform (e.g., on WhatsApp or Telegram).
2. Check Buyer/Seller Reputation
Review the trader’s completion rate, feedback score, and number of trades. Avoid users with low ratings or newly created accounts.
3. Never Release Crypto Before Confirming Payment
Only release your crypto after confirming the payment is fully received in your account — not just a payment notification.
4. Beware of Fake Proofs
Scammers may send fake screenshots or edited bank confirmations. Always verify directly through your bank or payment app.
5. Use Binance’s Escrow Protection
Binance holds the crypto in escrow until the transaction is complete. If there’s a dispute, Binance can help mediate.
✅For Ensure Your Account Stays Safe, Just Trade And Buy Here: $BTC $ETH $BNB
