đ¨đ¨đ¨"I Lost $500 in Minutes!" â Shocking Binance P2P Scam Exposedâźď¸
Binance P2P is a powerful tool for crypto tradersâbut it's also a hunting ground for scammers, and if you're not alert, you could be the next victim.
Hereâs 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.
đŤ Donât be the next headline. Protect yourself:
â Never release crypto until the funds are fully confirmed in your bank accountânot just a screenshot.
â Double-check names on paymentsâif the name doesnât match the buyerâs profile, cancel the deal.
â Use Binanceâs chat to document everything. If a dispute arises, this can save you.
â Enable 2FA and only deal with users who have strong positive ratings.
Remember: If it feels off, it probably is. Trust your instinctsâcrypto is money, and scammers know it.
đ Stay safe. Stay alert. Trade smart.