Binance P2P Scammers

Binance P2P (Peer-to-Peer) allows users to buy and sell crypto directly with others using local payment methods. While it's a useful feature, some scammers use it to cheat honest users. Understanding how they work helps you stay safe.

One common scam is the payment fraud. The scammer buys crypto and shows fake payment proof, but never really sends the money. If the seller releases the crypto before confirming in their bank, they lose their funds.

Another trick is bank recall fraud. Scammers send money, get the crypto, and then call their bank to reverse the payment, claiming it was a mistake.

Some scammers also use stolen bank accounts or IDs to buy crypto. This makes the real account holder report fraud, and your account could be frozen in an investigation.

To stay safe:

Only trade with verified users with high ratings.

Never release crypto until you confirm the payment in your own bank or app.

Avoid chatting outside Binance, and report any suspicious activity.

Binance provides an appeal system to protect users, but prevention is better. Always trade carefully, and trust your instincts.