Binance P2P is a powerful tool for crypto traders—but it's also a hunting ground for scammers, and if you're not alert, you could be the next victim.
Here’s how the scam works:
Fraudsters initiate a trade on Binance P2P and pretend to make a payment. You, seeing a fake transaction receipt, release the crypto. But the money? It never arrives. Some even use stolen bank accounts for payment, leading to bank account freezes and legal trouble for innocent sellers.
🚫 Don’t be the next headline. Protect yourself:
✅ Never release crypto until the funds are fully confirmed in your bank account—not just a screenshot.
✅ Double-check names on payments—if the name doesn’t match the buyer’s profile, cancel the deal.
✅ Use Binance’s chat to document everything. If a dispute arises, this can save you.
✅ Enable 2FA and only deal with users who have strong positive ratings.
Remember: If it feels off, it probably is. Trust your instincts—crypto is money, and scammers know it.
🔐 Stay safe. Stay alert. Trade smart.
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